Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: Europe, Asia, Australia, United States, Germany
The Residential Real Estate market in Uganda is currently experiencing significant growth and development.
Customer preferences: Customers in Uganda are increasingly looking for residential properties that offer modern amenities and conveniences. There is a growing demand for properties with features such as secure parking, 24-hour security, and access to recreational facilities. Additionally, customers are seeking properties that are located in well-developed areas with good infrastructure and access to basic services such as schools, hospitals, and shopping centers.
Trends in the market: One of the key trends in the Residential Real Estate market in Uganda is the increasing popularity of gated communities. These communities offer a range of amenities and services within a secure and controlled environment. Gated communities are particularly appealing to customers who prioritize safety and a sense of community. Another trend in the market is the rise of mixed-use developments, which combine residential, commercial, and retail spaces in a single complex. These developments cater to the growing demand for integrated living and working spaces.
Local special circumstances: Uganda has a young and growing population, with a significant proportion of the population being in the working-age group. This demographic trend is driving the demand for residential properties, particularly among young professionals and newly married couples. Additionally, the government of Uganda has implemented various policies and initiatives to promote affordable housing and homeownership, which is further fueling the growth of the Residential Real Estate market.
Underlying macroeconomic factors: Uganda's economy has been growing steadily in recent years, with a focus on sectors such as agriculture, manufacturing, and services. This economic growth has resulted in increased disposable income and improved living standards for many Ugandans, leading to a higher demand for residential properties. Furthermore, the government's efforts to improve infrastructure and attract foreign investment have contributed to the overall development of the real estate sector in the country. In conclusion, the Residential Real Estate market in Uganda is witnessing significant growth and development, driven by customer preferences for modern amenities and well-located properties. The popularity of gated communities and mixed-use developments is on the rise, catering to the demand for safety, community, and integrated living spaces. Uganda's young and growing population, along with government policies promoting affordable housing, further contribute to the growth of the market. The country's steady economic growth and infrastructure development also support the expansion of the Residential Real Estate sector.
Data coverage:
Figures are based on total and average value of residential real estate, residential estate transactions and leases.Modeling approach:
Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)