Real estate markets are, at their core, mirrors of the economies they sit within. In advanced economies, that mirror reflects a relatively stable image: steady credit markets, predictable consumer demand, mature institutions, and long-established urban growth patterns. But in developing countries like Uganda, the mirror behaves differently. It shifts quickly, exaggerates shocks, and amplifies every policy misstep, every currency wobble, and every change in global liquidity. This is a sector whose fortunes rise and fall not on neighbourhood gossip but on macroeconomic tides. “In Uganda, the macro is the weather system,” says Moses Lutalo, Managing Director of Broll Uganda. “It…
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The private sector entered August on a cautious but hopeful note. Two major business surveys show that while the economy remains on a growth path, financial strain and weak present conditions are dampening sentiment. The Bank of Uganda’s Business Tendency Indicators (BTI) pointed to declining confidence in current conditions. But firms expressed soaring optimism for the coming months. Meanwhile, the Stanbic Bank Purchasing Managers’ Index reported steady expansion. It highlights resilience in output, hiring, and new orders despite inflationary pressures. Confidence slips in the present, but expectations rise Bank of Uganda’s BTI shows that overall business confidence stood at 57.2…
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