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Residential houses prices in Kampala and Wakiso fell between April and June 2020, an exciting time for Ugandans with cash to buy at a bargain, according to Uganda Bureau of Statistics (UBOS).The statistics body says that prices of houses dropped by 3 per cent in the greater Kampala that is in areas of Wakiso, Kampala and Makindye, Rubaga and Kawempe. Only Nakawa saw an increase in house prices. This information is contained in the Residential Property Price Index (RPPI), which observed prices of houses in April, May and June 2020.The fall in prices from April is a direct opposite of what…
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As a way of preparing for the resumption of business after the Coronavirus (COVID-19) lockdown, Crane Management Services (CMS) has issued Standard Operating Procedures (SoPs) to all tenants occupying their buildings around Kampala. Detailing the SoPs on Friday, June 26th, 2020 in Kampala, CMS Managing Director, Rajiv Ruparelia said that his company had deployed automatic handwash stations that will be placed at the entrances to every building. “The soap dispensers come with automatic sensors, while the water dispensers will be operated by foot to limit hand contact,” Rajiv said, adding: “We will limit the number of entrances and exits to…
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Knight Frank Uganda, the leading property consultancy firm last week released their H1 2020 Kampala Market Performance Review and Outlook report, giving a more detailed insight into the property market since Covid-19 made a landfall in Uganda towards the end of March 2020. The report provides Uganda’s most authoritative insights on the office, retail, residential, and industrial sectors and is probably the only of its kind to date. In light of the working from home phenomenon that was necessitated by the Covid-19 measures instituted by the government, the H1 2020 report has been enriched with a market survey on what…
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In a bid to limit over exposure to the real estate sector amidst what the central bank calls a potential “double-digit decline in real estate valuations” Bank of Uganda, last week, directed all lenders under its jurisdiction to limit their Loan to Value Ratio (LTV), for residential mortgages and loans for land purchase to a maximum 85 per cent. In a June 1st circular to CEOs of all Commercial Banks, Credit Institutions and Deposit-taking Institutions under the ambit of the regulator, Dr. Tumubweine Twinemanzi, BoU’s Executive Director, Supervision told the financial institutions that “current projections and market intelligence indicate that…
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After nearly 2 months of lockdown, the euphoria building up within the city as they anticipate partial easing is tangible. We stopped moving, kept quiet, crouched down, and listened to see where the noise was coming from, and have ascertained some very useful information, which has enabled His Excellency the president to consider partial easing of the lockdown- a very useful analogy to be applied in life moving on. Amidst the euphoria, however, are many questions which don’t seem to have firm answers, and we are all trying as best as we can to look into the future and sketch…
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