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.
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.
Out of South Africa, Kenya registered the biggest growth in volume of modern retail space in Sub- Saharan Africa in the last two years, and the Kenyan capital Nairobi continues to be a development hotspot for retail business real estate.
According to the Knight Frank 2017 report, between 2015 and the first quarter of 2017 alone, of the 12 biggest retail space malls that opened their doors to business anywhere in Africa, three were in Nairobi. Moreover, all the three were among the biggest four.