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Location:#KUNGU
Classic:
#3bedrooms,#3bathrooms
@1.5million ugx rent
#Call/what's app. 0701044520//+256784411575 (Don)
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QR CODE
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100+ RELATED PROPERTIES
(Related by price or location or district or status or type) |
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PROPTECH AND FINTECH ARE LEADING THE XTECH REVOLUTION IN UGANDA.
A technological revolution is sweeping through traditional industries in Uganda, fundamentally transforming how businesses operate and interact with their customers. At the forefront of this transformation are PropTech and FinTech, two technologies that have not only redefined their respective industries but have also set the stage for the broader XTech movement across the country. The Emergence of PropTech: Pioneering the XTech Movement.PropTech, or Property Technology, was the first of the XTechs to emerge in Uganda with the launch of the Real Estate Database (RED), marking the beginning of a new era for the real estate industry. Traditionally, real estate marketing was often characterized by lengthy paper-based processes, and limited access to information. However, PropTech has revolutionized this landscape over the last several years by introducing additional digital platforms like Lamudi Uganda and Realtor Uganda which streamline property search, enhance transparency, and pr
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WHAT THIS VIRAL IMAGE TEACHES US ABOUT REAL ESTATE.
I've seen this viral image floating around various social media platforms for quite some time now. And every time it pops up, it's used to tell a story that completely misses the point, or at least overlooks the [real estate] depth it holds.As someone deeply involved in real estate, this misinterpretation makes my brain boil. Why? Because the image is packed with hidden insights that, when carefully unpacked, can teach us powerful lessons about decision-making, distraction, and opportunity in the property world.
Before we get into the real estate takeaways, let's first look at what the image really shows. Many viewers focus only on the obvious, a man seemingly locked in a cell, trying to reach for a loaf of bread or for a key using a stick. But if you take a closer look, you will begin to notice the contradictions and hidden details that shift the entire meaning of the image.
Let's break it down:
He needs to eat first before he can embark on a long escape. Lesson: Just like in
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CAN UGANDA’S WORKING CLASS AFFORD A 3-BEDROOM HOUSE? THE NUMBERS DON’T LIE.
Every Ugandan dreams of owning a decent home. For many, that dream is a modest 3-bedroom house, enough space for a family, privacy for guests, and a touch of dignity. But how realistic is that dream for formal sector workers in today's economy?
Formal working class employment brings structure, stability, and access to credit, including mortgages. But access does not equal affordability. Most banks in Uganda offer a home loan or a mortgage with interest rates hovering around 17%, stretched over 20 years, and require a down payment of at least 20%. For someone earning UGX 1.2 million per month, that math matters.
Financial experts agree: no more than 35% of your monthly income should go toward housing. That caps the repayment capacity at UGX 420,000 per month. Under these terms, such a worker qualifies for a mortgage of about UGX 50.55 million.
Add a 20% down payment to that loan, and the total affordable house value rises to about UGX 62 million to UGX 69 millio
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UGANDAN REAL ESTATE MARKET MID YEAR 2024 REVIEW AND FUTURE OUTLOOK.
First Half of the Year 2024 Review.
The Ugandan real estate market has experienced a dynamic first half of the year 2024, marked by several significant trends and developments. The sector has shown resilience and adaptability in the face of both local and global challenges. Here are some key highlights.
Steady Demand for Residential Properties.
The demand for residential properties, particularly in urban areas like Kampala, Entebbe, and Jinja, has remained robust. Factors contributing to this steady demand include urbanization, a growing middle class, and a youthful population seeking homeownership.
Commercial Real Estate Dynamics.
The commercial real estate sector, including office spaces and retail outlets, has witnessed mixed performance. While there has been a resurgence in demand for retail spaces as the economy recovers from the pandemic's impact, the office space segment is still adjusting to the hybrid work model adopted by many companies.
Impact of Infrastructure Develop
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WHAT IS THE DIFFRENCE BETWEEN MAILO LAND AND FREEHOLD LAND?
I have just discovered that you do not know the difference between "Freehold land" and "Mailo land", you are aware about the two term but you cannot explain them or the difference between them. Those two terms are often encountered in the realm of land ownership and they represent different land tenure systems. Understanding the distinctions between them is crucial if you are interested in property matters, especially in the context of Uganda.Freehold Land:Freehold land, also known as fee simple land or absolute ownership, is a land ownership system that grants landowners complete and indefinite rights over their land. Here are the key characteristics of freehold land:1. Absolute Ownership:
Under the freehold system, landowners have absolute and unrestricted control over their land. They can use, sell, lease, or transfer the land as they see fit. This gives them the highest level of ownership rights, and their decisions about the land are free from government or third-party interferen
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HOW MANY REAL ESTATE APPS DO YOU HAVE ON YOUR SMARTPHONE?
Smartphones have become an essential tool for nearly every aspect of life, including real estate. Whether you're a homebuyer, seller, investor, or agent, there's an app designed to simplify your real estate journey. But here's a question, how many real estate apps do you currently have on your smartphone?
The Growing Importance of Real Estate Apps.
Real estate apps have revolutionized the property industry by making information more accessible, transactions more efficient, and the search process more convenient. However, not all real estate apps are equally useful. Some apps remain dormant on a property buyer's phone, like they don't exist at all, offering little to no value. On the other hand, highly useful apps like the RED App are impossible to ignore. The RED App doesn't stay silent, it actively provides daily notifications on the latest property listings, industry news, insightful blogs, and alerts on key real estate events. This level of engagement helps drive more leads and
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WHAT’S THE HARDEST PART OF BEING A REAL ESTATE AGENT (REALTOR OR BROKER) IN UGANDA
You're probably thinking being a real estate agent is all glitz and big commission checks, but you may want to know that the reality is something else. According to our two most recent WhatsApp community polls, results show that the majority of participants voted "finding new clients and leads" and "negotiating prices and terms with clients" as the hardest parts of being a real estate agent, which emphasizes the fact that being a real estate agent is a very tough game, especially here in Uganda. So what are all the hardest parts of it? Let's find out right now!
Finding new clients and leads is one of the daily task that keeps you constantly hustling, trying to connect with someone who's looking to buy, sell, or rent. Without a steady flow of prospective clients, your income drops. Susan remembers when she went two months without a single closing because she hadn't gotten any new lead. It feels awful, and you're left wondering if you made a mess by choosing this path.
Finding new prop
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HOW DO PROPERTY MANAGERS DEAL WITH DIFFICULT LANDLORDS?
As a property manager, one of the most challenging aspects of the job is dealing with difficult landlords. These landlords can be demanding, unreasonable, and may even make decisions that go against the best interests of their properties. However, there are strategies and techniques that property managers can use to navigate difficult situations and maintain a positive relationship with their landlords.
Communication is key.
The foundation of any successful landlord-property manager relationship is open and honest communication. Property managers should make a point to regularly update their landlords on the status of their properties and any issues that arise. When communicating with difficult landlords, it is important to remain calm and professional. If a landlord is upset or agitated, it can be helpful to acknowledge their concerns and provide reassurance that the issue is being addressed.
Document everything.
In order to protect themselves and their properties, property
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THE ETHICAL DILEMMAS FACED BY REAL ESTATE AGENTS.
Real estate agents play a crucial role in facilitating property transactions, acting as intermediaries between buyers and sellers. However, this role often places them in complex ethical dilemmas where they must navigate the delicate balance between serving their clients' interests and upholding their professional responsibilities. In this blog, we will explore some of the ethical challenges faced by real estate agents and examine the ways in which they can strive to maintain integrity and ethical conduct in their profession.
Confidentiality and Disclosure
One of the primary ethical concerns for real estate agents is maintaining confidentiality while ensuring relevant information is disclosed to clients. Agents must respect the confidentiality of their clients' personal and financial information. However, they also have a duty to disclose any material facts or defects about a property that could affect the buyer's decision-making process. Striking the right balance between these
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ENTER YOUR DETAILS BELOW AND SHIMU WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 117791
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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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