Five must-know insights from Knight Frank’s H1 2021 Kampala property market report Knight Frank, Uganda, a leading independent real estate consultancy that has been operating in Uganda for over 21 years, last week released their much-anticipated Kampala Property Market Performance Review for H1 2021. Here below, we bring you the major highlights of the report across the retail, office, residential and industrial segments.

#1: Despite a slight recovery, general retail performance remained subdued and below 2019 pre-pandemic levels Despite turnover and footfall levels recording significant improvement in H1 2021 vs H1 2020, the general retail performance remained subdued and is yet to recover to the 2019 pre-pandemic levels. Subdued trade within the retail sector, stringent operating procedures to limit human to human transmissions, supply chains disruptions, dwindling consumer confidence and spending as well as the general elections and continued closure of bars and nightclubs remained, together with well-founded consumer fear of socializing all combined to suppress demand for retail space. However, with more…