Housing Sector

In the last six months of 2023, the housing sector preformed well, recording minimal increments in rent for a two and three bedroomed apartment in Kampala and high occupancy rates, a report from property management firm, Knight Frank has revealed. The report attributes the performance to the development of prime apartment units that offer larger living spaces and better amenities thus commanding higher rates. “Expatriate staff unable to find stand-alone houses for occupation within their rental budget or alternatively those who prefer community living are opting for apartments thus contributing to the rise in occupancy levels,” the report notes. The…