Kampala, Uganda | THE INDEPENDENT | A top property manager and consultant has warned developers about developing condominium units of housing without putting the market preference in mind. A condominium is a building structure divided into several units which can be separately owned, while the separate owners jointly own some …
Read More »Multinationals seek residential houses in less affluent suburbs
US-dollar dominated leases have extended to Naalya, Kiwatule, and Najjera areas Kampala, Uganda | THE INDEPENDENT | Multinationals with lower rental budgets are now opting for residential apartments in less affluent suburbs in the greater Kampala, according to the latest report by the property management firm, Knight Frank. The report, …
Read More »Property managers blame landlords for vacant premises
Kampala, Uganda | THE INDEPENDENT | The real estate sector lost 40 percent of their revenues in 2020 largely due to the effects of the Coronavirus (COVID-19) pandemic on the economy, as demand for the services plunged, according to property managers. Almost all business activities were closed down by April last …
Read More »Making money after COVID-19 pandemic
Knight Frank’s virtual meeting gives ideas to business operators Kampala, Uganda | JULIUS BUSINGE | There is life after COVID-19. Business owners should think about adjusting their mode of operations to serve their clients better if they are survive. These are general views that came up during a discussion about …
Read More »Working from home produced mediocre output – Survey
Kampala, Uganda | THE INDEPENDENT | By the time the President Yoweri Museveni directed a lockdown as a move to halt further transmission of COVID-19, Agnes Erios Nantaba, a Public Relations and Marketing Officer with the Insurance Training College formerly the Insurance Institute of Uganda was busy confirming the new …
Read More »Media council directs century cinema to close
Kampala, Uganda | THE INDEPENDENT | The Media Council of Uganda has directed Century Cinemax at Acacia Mall to close, a week after reopening. The cinema reopened on Friday last week and has been operating with half of its capacity as a measure to ensure physical distancing. It can accommodate a …
Read More »Century cinema reopens with only 5 people on the first day
Kampala, Uganda| AFP | THE INDEPENDENT | Century Cinemax in Acacia Mall reopened its doors to movie lovers on Friday with strong guidelines on hygiene and physical distancing. Century Cinemax was among the first business close in March because of the corona virus disease. Despite running promotional adverts for the whole of …
Read More »Uganda has over 500 billionaires – Knight Frank report
Kampala, Uganda | THE INDEPENDENT | A report by estate agent Knight Frank indicates that 494 Ugandans each own wealth worth at least $500,000 (1.8bn Uganda shillings). The index shows the minimum threshold. This means that of the 494 individuals, there are those that own wealth in the excess of USD1m …
Read More »Supply of Apartments up as occupancy declines in upscale suburbs
Kampala, Uganda | THE INDEPENDENT | More apartments were built last year in the upscale suburbs of Kampala but owners found it tougher to fill them up, estate agent Knight Frank Uganda reports. In its report analyzing the property market in the second half of 2019, Knight Frank says there …
Read More »Occupancy in upscale suburbs up – Report
Kampala, Uganda | THE INDEPENDENT | Investors in apartments in the upscale suburbs of Kampala like Nakasero, Naguru, Mbuya and Kololo saw the best start of 2019 with a surge in demand from expatriates compared to last year. According to estate agent Knight Frank Uganda report for the first six …
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