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Centenary Bank has instructed Banu General Agencies, a firm of auctioneers and bailiffs, to sell properties belonging to city businessman Joseph Kiyimba after he allegedly defaulted on loan obligations. The properties include the famous Club Ambiance in Bakuli, one of Kampala’s most iconic nightspots. According to a public notice issued by Banu General Agencies, the auction will be carried out under the Mortgage Act No. 8 of 2009 and related regulations unless the debtor, Ambiance Distillers Limited, clears the outstanding principal, interest, and related costs before the date of sale. Properties up for auction The notice lists Plot 1481, Block…
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The latest H2 2024 Kampala Property Market Report by Knight Frank Uganda paints a mixed picture of the city’s real estate market. The report highlights an uptick in prime office…
Kampala’s real estate market is at a critical juncture, with shifting consumer trends, regulatory developments, and economic forces shaping the landscape. As we move into 2025, the recently released H2…
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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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Ruparelia Group ventures into build-to-sell residential real estate with Tagore Living- a 28 urban homes project
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