1. According to reports, Uganda has a deficit of 2.1 Million housing units growing at a rate of 200,000 units per year. It is expected that by 2030 the Uganda housing deficit will reach 3 Million.
2. According to National Population and Housing Census 2024 , Uganda’s Population is now 45 Million. The High Population Growth Rate of 3% coupled with a High Urbanization Rate translates into a widening gap between the demand and supply of decent housing units.
3. The Middle Class Sector in Uganda which includes those in the Diaspora is growing very fast. These are mainly interested in residing in the Greater Metropolitan Kampala Area (GKMA). The rise in Middle Class has resulted in increased demand for housing units which are located in planned residential estates.
4. The newly implemented Regulations on using Retirement Benefits to secure a Residential Mortgage offers an excellent opportunity for both lenders and housing developers.
5. According to Africa Development Bank Report, Uganda’s economy is projected to expand by 6.0% in 2024 and 7.0% in 2025, buoyed by stronger regional growth as global supply chains normalize. Uganda expects to produce first Oil from Tilenga and Kingfisher fields in 2025. This is going to make Uganda’s Economy stronger and Property Developers will definitely reap huge benefits.
6. Already the stability in market lending rates has encouraged an upsurge in Mortgage Finance in recent years. Foreign Property Developers who would like to invest in Uganda can therefore count on the support of local commercial banks.
7.The culture in Uganda encourages desire for adults to own their own dwellings, with the element of providing the modern lifestyle that is trend setting and inspirational. Owning a house in Uganda is therefore a symbol of success.
8.Its possible for property owners in the upper market scale of Uganda to find corporate tenants who pay long term rent in advance. This helps a lot as this lumpsum rental income can quickly be reinvested by the property owner thus shortening overall time to recover their invested capital.
Crested Crane Connections welcomes and is ready to assist Foreign Housing Developers who maybe interested in investing in Uganda. The Return on Investment in this sector is higher and faster.
