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Real Estate - Uganda

Uganda
  • The Real Estate market market in Uganda is expected to reach a value of US$393.13bn by the year 2025.
  • Among the different segments, Residential Real Estate dominates the market with a projected market volume of US$353.96bn in 2025.
  • This segment is expected to grow at an annual rate of 6.95% from 2025 to 2029 (CAGR 2025-2029), resulting in a market volume of US$514.40bn by the year 2029.
  • In a global comparison, United States is expected to generate the highest value in the Real Estate market market, with an estimated value of US$136.6tn in 2025.
  • The real estate market in Uganda is experiencing a surge in demand for residential properties due to population growth and urbanization.

Definition:

The real estate market refers to the transaction of properties, including residential properties (such as houses and apartments) and commercial properties, such as office buildings and industrial properties. Apart from property sales, this market includes leases and the value of real estate.

Structure:

The real estate market comprises residential and commercial real estate. The residential real estate market covers real estate transactions and leases, and residential real estate leases are divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and real estate renters as well.
In-Scope
  • Residential real estate (houses and apartments)
  • Commercial real estate (office buildings, retail spaces, warehouses, industrial properties)
Out-Of-Scope
  • Real estate agencies
  • Construction companies
  • Accommodation services, such as Airbnb
  • Commercial real estate leases and transactions
  • Publicly owned buildings used by the local government
  • Buildings used for public health care services
Commercial Real Estate: market data & analysis  - Cover

Market Insights report

Commercial Real Estate: market data & analysis
CONTENTBOX_CAPTION_STUDY_DETAILS

    Value

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    2017
    2029
    2025
    XMO_GLOBAL_TABLE_TITLE (2025) in billion USD (US$)
    GLOBAL_COUNTRYGLOBAL_REVENUE
    1. United States 409,851
    2. China 400,407
    3. India 140,276.4
    4. Germany 108,726
    5. France 78,510.9

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    NOTES: Please note that this chart only covers the residential real estate market. Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Value Split

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Volume

    NOTES: Please note that this chart only covers the residential real estate market.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Analyst Opinion

    The Real Estate market in Uganda has experienced significant growth and development in recent years. Customer preferences have shifted towards more modern and luxurious properties, leading to an increase in the construction of high-end residential and commercial buildings. Additionally, the market has been influenced by local special circumstances such as the growing middle class and urbanization. These factors, along with underlying macroeconomic factors, have contributed to the positive trends in the Real Estate market in Uganda. Customer preferences in the Real Estate market in Uganda have evolved to reflect a desire for modern and luxurious properties. As the middle class continues to grow, there is an increasing demand for high-quality housing options. Customers are looking for properties that offer amenities such as swimming pools, gyms, and security systems. Additionally, there is a growing interest in commercial properties that cater to the needs of businesses, such as office spaces and retail outlets. This shift in customer preferences has led to an increase in the construction of modern and upscale buildings. The Real Estate market in Uganda has seen several trends that have contributed to its development. One trend is the rise of gated communities and housing estates. These developments offer a sense of security and community, which appeals to customers looking for a comfortable and safe living environment. Another trend is the construction of shopping malls and commercial centers. As urbanization continues to increase, there is a growing need for convenient shopping and business spaces. These trends have led to a surge in construction activities and investments in the Real Estate sector. Local special circumstances have also played a role in the development of the Real Estate market in Uganda. The growing middle class has created a demand for housing options that cater to their lifestyle and preferences. This has led to the construction of more modern and luxurious properties. Additionally, urbanization has resulted in a need for more residential and commercial spaces in cities and towns. As more people move to urban areas in search of better job opportunities and amenities, the Real Estate market has responded by providing the necessary infrastructure. Underlying macroeconomic factors have also contributed to the growth of the Real Estate market in Uganda. The country's stable economic growth and low inflation rate have created a favorable environment for investment in the Real Estate sector. Additionally, government policies and initiatives aimed at promoting the Real Estate market have attracted both local and foreign investors. These factors have led to increased construction activities and a rise in property prices. In conclusion, the Real Estate market in Uganda has experienced significant growth and development due to evolving customer preferences, local special circumstances, and underlying macroeconomic factors. The demand for modern and luxurious properties, the rise of gated communities and commercial centers, and the growing middle class and urbanization have all contributed to the positive trends in the market. With a stable economic growth and favorable government policies, the Real Estate sector in Uganda is expected to continue its upward trajectory.

    Transaction Value

    NOTES: Please note that this chart only covers residential real estate sales. Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Methodology

    Data coverage:

    Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

    Modeling approach / Market size:

    Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, 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:

    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.

    Finance

    XMO_REPORT_PROMO_HEADLINE

    Commercial Real Estate: market data & analysis  - BackgroundCommercial Real Estate: market data & analysis  - Cover

    Key Market Indicators

    NOTES: Based on data from IMF, World Bank, UN and Eurostat

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

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