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In the report released on January 13th 2023, covering the six months to December 2022, Knight Frank, observed that “2022 was a year of resilience, circumspection, and optimism” and that despite slow economic recovery dogged by local and international challenges, such as inflation, the Ukraine war and lag effects of Covid-19, there was some remarkable rebound in the real estate sector. “Across the different real estate sub-sectors, the post-pandemic recovery was optimistic, with demand and supply indicators pointing to positive growth on a year-on-year comparison,” the report said. CEO East Africa Magazine’s Muhereza Kyamutetera read the report and presents some…
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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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Meera Investments Limited (MIL), Uganda’s largest landlord recently ventured into the build-to-spell property space, starting with Tagore Living- comprising of 28 homes, located in Kamwokya-Kisementi, adjacent to the affluent Kololo neighborhood. The project is split into 3 configurations of 2-bedroom apartments- but each with a kitchen, a living room, dining room and a spacious balcony. The 3-bedroom apartments also come with a kitchen and dining room, a lounge and an even more spacious balcony. According to management the project is nearing completion with all apartment works completed and finishing touches ongoing. Sales for the homes are already under way and…
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Ruparelia Group’s property development arm, Meera Investments Ltd, will today, Spetember 14th, 2019 officially launch their Electrical Plaza building, a mixed use property in the Central Business District. Located on Plot 11 Market Street at the confluence of Market Street and Kiyembe Lane, Electrical Plaza is made up of 220 shops, 56 apartments and 2 floors of parking. Booking is…
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