1 bedroom Semi Detached for rent in Namugongo Wakiso Uganda, code: 161374
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Double room house for rent at #450k namugongo self contained with ample parking space next to main
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🏚️Balcony
🚪Built in wardrobes
🚘Lots of parking
💠Paved compound
👮Security guards
🏞️Specious compound
🏫Tiled roof
🚧Wall fence
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QR CODE
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100+ RELATED PROPERTIES
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WHAT EXACTLY IS THE RELATIONSHIP BETWEEN INTEREST RATES AND REAL ESTATE?
Understanding the dynamics between interest rates and real estate is crucial for investors, homebuyers, and anyone interested in the housing market. Interest rates have a significant impact on various aspects of real estate, influencing everything from mortgage costs to property values. Here’s a closer look at how interest rates affect the real estate market and the broader implications for buyers and investors. The Basics of Interest Rates.Interest rates represent the cost of borrowing money. They are determined by a variety of factors, including inflation, economic growth, and monetary policy set by central banks. When interest rates are low, borrowing becomes cheaper, which generally encourages spending and investment. Conversely, higher interest rates increase borrowing costs, leading to decreased consumer spending and investment. 1. Impact on Mortgage Rates.One of the most direct ways interest rates influence real estate is through mortgage rates. Mortgage rates tend to rise
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SOME INTERESTING PROPERTY STATS IN UGANDA.
Uganda, known as the "Pearl of Africa," is a landlocked country located in East Africa. With a population of over 44 million people, Uganda is one of the most populated countries in Africa. Despite being a relatively small country, Uganda has a diverse real estate market, with properties ranging from modern apartments in the city centers to traditional rural homes.
In this blog, we will explore some interesting property stats in Uganda.
Property prices
The average property prices in Uganda vary greatly depending on the location and type of property. The most expensive properties are located in the city centers, with apartments costing between UGX 500 million to UGX 1 billion ($135,000 to $270,000). Houses in the city centers can range from UGX 800 million to UGX 2 billion ($217,000 to $540,000).
On the other hand, properties in rural areas tend to be more affordable, with a two-bedroom house costing between UGX 50 million to UGX 150 million ($13,500 to $40,500). Land pr
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POSSIBLE GOVERNMENT SOLUTIONS TO THE HOUSING MARKET DEFICIT IN UGANDA.
Uganda, like many other developing countries, is grappling with a housing market deficit. The demand for affordable housing far outweighs the supply, and as a result, many Ugandans are forced to live in overcrowded and inadequate housing conditions. Addressing the housing market deficit is crucial for the country's social and economic development. In this article, we will explore some of the strategies that can be implemented to address this issue.
Firstly, the government needs to increase investment in the housing sector. The government should provide incentives for private sector developers to invest in affordable housing. This can be done through tax breaks, subsidies, or low-interest loans. The government can also partner with private developers to build affordable housing units. In addition, the government can allocate more funds to the housing sector in the national budget to finance the construction of affordable housing units.
Secondly, the government should review an
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UGANDA BUDGÈT 2024/25: WHAT DOES IT MEAN FOR REAL ESTATE?
The Ugandan government recently unveiled its budget for the 2024/25 fiscal year, outlining plans to accelerate economic growth. While the budget doesn't directly target real estate as a whole, some key areas could indirectly impact the sector. Let's break down what this means for you.
Focus on Growth.
The budget prioritizes economic expansion, aiming for GDP to reach Shs 225.5 trillion (USD 60 billion). This growth is projected to be driven by increased activity in the oil and gas sector, with first oil production expected in FY2025/26.
Impact on Real Estate.
A growing economy often translates to a rise in demand for housing, particularly in commercial sectors. This could benefit developers building offices and apartments in areas with projected job growth. Additionally, increased government spending could lead to infrastructure improvements, making certain locations more attractive for real estate development.
Affordability Concerns Remain.
The budget does not explicitly add
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JOIN THE REAL ESTATE DÁTABASE (RED) ECOSYŚTEM.
Are you involved in the world of real estate? Whether you're an agent, landlord, buyer, or investor, the Real Estate Database (RED) offers a comprehensive ecosystem tailored to your needs. RED is a one-stop platform that connects individuals and businesses across the real estate industry, providing a range of services and resources to facilitate smooth transactions and foster growth. Join the RED community today and unlock a world of possibilities.
Are you a real estate agent? Join the RED.
Real estate agents play a crucial role in connecting buyers and sellers, facilitating transactions, and providing valuable insights. If you're a real estate agent looking to expand your network and gain exposure, joining RED is a smart move. By becoming a part of the RED ecosystem, you'll gain access to a vast pool of potential clients, exclusive listings, and powerful marketing tools. Collaborate with like-minded professionals, share your expertise, and take your real estate career to new h
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THE MINIMUM SIZE OF LAND REQUIRED FOR A LAND TITLE IN UGANDA.
Obtaining a land title is a crucial step in establishing ownership, but there are regulations that dictate the minimum size of land eligible for titling. The Ministry of Lands, Housing, and Urban Development has a policy that limits the issuance of land titles for plots smaller than 12.5 decimals (approximately 0.125 acres or 0.051 hectares) or smaller than 50x100 feet (approximately 0.046 hectares) in size. Key Objectives of the Policy.
1. Encouraging Land Consolidation: By limiting titles for smaller plots, the policy aims to encourage the consolidation of small plots into more economically viable landholdings. This promotes better land utilization and encourages larger, more productive estates. 2. Simplifying Land Administration: Managing small, fragmented plots can be administratively complex and costly. By setting a minimum size requirement, the government reduces the complexities involved in land management.3. Promoting Efficient Land Use: Larger consolidated
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DOES AFFORDABLE MEAN CHEAP, OR DOES CHEAP MEAN AFFORDABLE?
In real estate, terms like "affordable" and "cheap" are often used interchangeably, yet they hold distinct meanings that shape buyers' expectations and perceptions. If you've ever wondered, "Does affordable mean cheap, or does cheap mean affordable?" you're not alone. Let's take a deep dive into what these terms mean, especially in the context of property buying, and how they might impact your next big purchase. Additionally, we will explore a full list of several real life examples of both cheap properties and then affordable properties that fit within your current budget. Understanding "Affordable" vs. "Cheap".Affordable: Affordability is highly subjective and hinges on individual financial capacity. In real estate, "affordable" refers to properties that buyers find reasonable in price based on their income, financial goals, and the market context. For example, an affordable home for a young professional might be in a thriving suburb, close to their office, and within budget, yet not
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WHAT ARE THE DIFFERENT TYPES OF PROPERTY BUYERS?
In the dynamic world of real estate, the diversity of property buyers is as varied as the properties themselves. Each buyer comes with unique motivations, preferences, and circumstances that influence their purchasing decisions. Understanding the different types of property buyers can provide valuable insights for sellers, agents, and investors alike. From first-time homebuyers to seasoned investors, let's delve into the intriguing spectrum of property buyers and uncover what sets them apart.
The First-Time Homebuyer
The first-time homebuyer is embarking on a significant life milestone. Often young professionals or couples, they are looking to make the transition from renting to owning. These buyers are driven by emotional and practical factors alike. A stable neighborhood, proximity to work, and potential for growth are all considerations that weigh heavily on their minds. The process is often fraught with excitement and apprehension as they navigate the complexities of mortga
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TIME MANAGEMENT TIPS FOR REAL ESTATE AGENTS.
In the fast-paced world of real estate, time management is a crucial skill that can make or break a real estate agent's success. With numerous tasks, client meetings, property showings, and paperwork, it's easy to feel overwhelmed and lose track of time. However, by implementing effective time management strategies, real estate agents can maximize their productivity, enhance client relationships, and ultimately boost their business. In this blog, we will explore some practical ways real estate agents can utilize time management techniques to improve their overall efficiency and success.
Prioritize and Organize: One of the first steps towards effective time management is to prioritize tasks based on urgency and importance. Real estate agents should create a to-do list at the beginning of each day, identifying the most critical tasks that need immediate attention. By organizing tasks in order of priority, agents can allocate their time efficiently and ensure essential activities a
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ENTER YOUR DETAILS BELOW AND BONNY WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 161374
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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