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Are Ugandans’ housing styles and tastes changing?

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 Hosts 33rd African Union for Housing Finance Conference

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.

Works on Africa’s tallest building commissioned in Nairobi

Works for the construction of the tallest building on the African continent- the Pinnacle Towers in Nairobi, have been commissioned.  Standing at 900 feet (274 metres) the Tower will overtake the current holder of the title of the tallest building on the African continent- Johannesburg’s Carlton Centre. The Carlton Centre stands at 732 feet (223 metres), with 50 floors.

Kenya leads East Africa in upmarket retail space

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.

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