Yusuf Babuwaire, Senior Manager Personal Banking at Housing Finance Bank With the Uganda Bureau of Statistics estimating that the housing deficit in Uganda is at 2.1 million units, experts have said that this situation needs urgent attention. The deficit is estimated to be highest in Kampala. We caught up with
Read MoreThe Bank of Uganda Annual Report for 2019/20 has revealed that the slowdown in economic activity is likely to depress real estate prices and hence result in an increase of banks’ credit risk. “These vulnerabilities are likely to further increase the deterioration in asset quality with the ratio of NPLs
Read More
Tycoon Sudhir Ruparelia Meera Investments Ltd owned by property mogul, Sudhir Ruparelia has acquired Simbamanyo House in the central business district at a cost of $5m (Shs18.51bn). According to Matooke Republic, Sudhir’s Meera Investments emerged highest bidder when the building was put up on auction by Equity Bank through public
Read More
Fort Portal City became operational on July01, 2020 Land grabbers have invaded newly created cities. They are hoodwinking the ‘poor landlords’ in the new cities, urging them to sell their land on basis that they would not be allowed in cities with poor structures. The revelation was made by Betty
Read More
Crane Management Services has put in place measures to contain the spread of COVID-19 in all its buildings Crane Management Services Limited has fulfilled all the Standard Operating Procedures (SOPs) issued by the Ministry of Health and KCCA to all building owners before re-opening of arcades in order to prevent
Read More
Rajiv Ruparelia addressing the press on Friday Crane Management Services has issued Standard Operating Procedures (SOPs) to all tenants occupying the buildings it’s managing around Kampala as business resumes amidst the Coronavirus (COVID-19) lockdown. Addressing the press on Friday June26, 2020, Crane Management Services Managing Director, Rajiv Ruparelia revealed that
Read More
Peace Kabunga, the Executive Director at Housing Finance Bank Experts and analysts have urged investors in the housing and mortgage sector to redirect their search for opportunities in the residential sub-sector due to the shrinking demand for space in the commercial office and trade spaces brought about by the increasing
Read More
The Executive Director of Uganda Hotel Owners Association (UHOA), Jean Byamugisha has revealed how COVID-19 has hit hard Uganda’s hospitality industry. She says hotels in Uganda have so far furloughed over 400,000 staff. A furlough is a temporary leave of employees due to special needs of a company or employer,
Read MoreReal Estate Agents are unregulated Parliament has granted leave to West Budama North MP, Richard Othieno Okoth to draft and introduce a Private Members Bill called the Real Estate Agents Bill 2020. While asking Parliament to grant him leave yesterday, Okoth said that most real estate agents make money through commission for services
Read More
Members of Parliament on Finance, Planning and Economic Development Committee have rejected a number of new tax proposals on the property sector on grounds they will increase the administrative cost for companies in the business of commercial property. Finance Ministry recently tabled The Value Added Tax (Amendment) Bill, 2020 whose
Read More
