59 search results, 50X100 plots in Nakweelo

AGENTS ABANDONING THE PRACTICE OF TOPPING PROPERTY PRICES WITH COMMISSION.
Several years ago, when I first ventured into the Ugandan real estate market, a common practice among real estate agents was to top-up property prices with their commission. This practice resulted in each agent having their own price for the same property. Back then, it seemed like a normal part of doing business, as landlords were often unwilling to pay commissions on their quoted prices.   Agents resorted to topping-up property prices in order to secure their commissions, and the more they added, the more they earned. However, this practice had its downsides, including the hardening of landlords' hearts, locally known as "Okuzimba Omutima." As a proponent of capitalism and a believer in free market economics, I initially saw no issue with agents topping up prices. Buyers willingly paid the quoted price, and yet they had plenty of options to choose from. Moreover, topping-up property prices was not illegal.   However, times have changed, and this practice has become incr

A COMPREHENSIVE GUIDE TO REAL ESTATE TAXES IN UGANDA.
Real estate investment in Uganda can be a profitable venture, but it is essential to understand the various taxes that come with it. Taxes such as property rates, withholding tax, and stamp duty can significantly impact an investor's financial bottom line. Here's a comprehensive guide to real estate taxes in Uganda that every property owner or investor should know:Withholding Tax. In Uganda, withholding tax on rental income is applied to individuals and companies earning income from renting out properties. This tax is deducted at the source by the tenant when making rental payments to the landlord and is then remitted to the Uganda Revenue Authority (URA). The law specifies the parties responsible for withholding the tax (tenants) and those from whom the tax is withheld (landlords), depending on the nature and circumstances of the transaction.Tenants are legally obligated to remit the withheld tax (or the amount that should have been withheld) to URA within 15 days after the end of

WHATS THE DIFFERENCE BETWEEN A REAL ESTATE AGENT, A REAL ESTATE BROKER, A REALTOR AND A KAYUNGIRIZI?
Real estate professionals play a vital role in buying, selling, and renting properties. There are several different types of real estate professionals, each with their own set of responsibilities and qualifications. In this blog, we will explore and assess the main differences between a real estate agent, a broker, a Realtor, and a Kayungirizi. A real estate agent is a licensed/certified professional who acts as an intermediary between buyers and sellers of real estate. They assist their clients in buying, selling, and renting properties by providing information on the local real estate market, helping to negotiate offers, and managing the closing process. Real estate agents are usually paid a commission based on the sale price of the property. A broker is a more experienced real estate professional who has completed additional training and passed a more comprehensive exam. Brokers are licensed to manage their own real estate business, and they may supervise real estate agent

THE PROS AND CONS OF REAL ESTATE PARTNERSHIPS.
If you've ever thought about getting into real estate, you might have considered going into it with a partner. While real estate partnerships can be a fantastic way to pool resources, share responsibilities, and even learn from each other, they also come with their own set of challenges. So, is a partnership the right move for you? Let's break down the pros and cons in a more conversational way to help you decide. The advantages of Partnering Up.You Get to Share the Load.  Let's be honest, real estate can be a lot of work! From property hunting to negotiations, dealing with clients, and managing finances, the list is long. A good partner means you don't have to shoulder all of that alone. You can divide and conquer, with one partner handling marketing while the other focuses on operations or client relations. It's like having a built-in support system.More Money, More Deals.  One of the biggest benefits of a partnership is the financial side. With two (or more) people contrib