High Taxation in Uganda leads Foreign Real Estate Investors to new markets

By Our Reporter The Global Tax Report compiled by property consultant Knight Frank and Ernest and Young for the period between 2012 and 2015 has shown the residential market in Uganda continues to suffer as mortgages are becoming more unaffordable for Ugandans. This has been attributed to a rise in interest rates from 16% to 30% in 2012 through 2013 and still remain high in 2015. This has led f