The real estate landscape in Kampala and its suburbs has witnessed a notable increase in available properties for sale. However, this surge falls short of meeting the demand for housing units, resulting in a deficit of over a million units, which is expected to continue growing. This scarcity positions Kampala as a prime market for real estate investment.
The escalating demand and subsequent rise in property prices can be attributed to the relative peace and stability Uganda has enjoyed for several decades. Unlike some African countries plagued by insecurity, coups, and impunity, Uganda, under the leadership of His Excellency Yoweri Museveni, has maintained a semblance of security and stability. While not devoid of challenges, the country’s security measures remain largely effective, bolstering investor confidence. Additionally, Uganda boasts a corruption-free justice system, further enhancing its appeal to investors seeking reliability and transparency.
This conducive environment has spurred a notable influx of foreign investors into the Ugandan real estate market. According to statistics from a study by Musbon Real Estate Limited Uganda, over 40% of properties in traditional prime neighborhoods like Kololo, Bugolobi, Naguru, and Munyonyo are acquired by foreigners.
In prime areas of Kampala, property prices typically range from $200,000 to potentially exceeding $2 million, particularly in locales like Kololo. Meanwhile, emerging suburbs such as Kisaasi, Najjera, and Naalya offer more affordable housing options starting from $100,000 upwards.
Condominiums in Kampala present another investment avenue, with prices starting from $70,000 for a two-bedroom unit, although factors like size and precise location may influence pricing.
For a comprehensive listing of houses for sale in Kampala, visit our website at ropaspaces.com.
Leave a Reply