ARTHUR MUKEMBO, a real estate expert, is the regional director, RE/MAX Uganda. He is also a board member of the Association of Real Estate Agents of Uganda (AREA-U). The Infrastructure Magazine’s Martin Ariko sounded him out on various issues regarding the country’s budding real estate sector.
By Jackie Asasira & Daniel Otto
Housing is like clothing fashion. The designs of houses, styles, ownership type, finishing tastes and even building materials are dynamic and reflective of the society’s psyche. It portrays the society’s current socio-economic and political state of mind. From housing patterns, you can tell generational differences, state of security of a country, economic prosperity and to some extent the political thinking of a people.
Dfcu Bank seeks to boost home loan portfolio through property developers, slashes interest rates to 17 per cent
As a way to increase the uptake of its home loans, Dfcu Bank has accredited property developers from around the country, who can work with the bank to increase purchase of home using loans from the bank, thereby boosting the banks home loan portfolio.
Under the arrangement, sales staff of the accredited property developers will receive free monthly home loans training. This, Dfcu Bank said, is expected to drive up property sellers’ closing chances by 80 per cent, as well as grow their network base across the country.
Uganda hosted the 33rd African Union for Housing Finance Conference from 17-19 October 2017. Facilitated by Terwilliger Center for Innovation and Shelter, Habitat for Humanity International and co-hosted by both the African Union for Housing Finance Conference (AUHF) and Housing Finance Bank Uganda.
The conference attracted representatives from 25 African countries to deliberate on ways for bettering housing across the continent.
The picturesque 23-storey luxury hotel, set on a spectacular location in Kampala, with nearly 360 degree visibility of the city, was officially launched in Kampala in October. The hotel- a five-star luxury affair- comprises 253 rooms and 42 suites on seven levels of accommodation, ranging between 31 and 164 square metres in size.
The National Housing & Construction Company plans to put 5,000 housing units to the market in Kampala and municipalities around the country by 2020, to meet the country’s bulging demand for housing. At the same time, the company announced that it is slashing prices for its units currently in the market in Namungoona in Kampala and Rwizi in Mbarara.