Who are the Overpriced Condos in Uganda’s Real Estate Market Built For? Top story

Comments 1142 Views
An apartment with condos posted by Prospects Real Estates Agency on social media with a one bedroom condo priced at 199 million shillings ($55,000) Prospects Real Estates Agency

An apartment with condos posted by Prospects Real Estates Agency on social media with a one bedroom condo priced at 199 million shillings ($55,000)

In short
Fiona Nshemerirwe Kabwama, the General Manager of Uganda Housing Cooperative Union says that that what is provided on the market isn’t responding to the actual needs given that most Greater Kampala residents are low income earners, arguing that a one-bedroom condominium costing 200 million shilling is largely unfordable and targeting the wrong market.

 

IP: 54.165.57.161. Referrer: . FirstClickFree: 0. Clicks by IP: ?. Clicks by cookie: ?.