Real Estate Experts say Kampala Needs An Instant Response To The Rapid Urbanisation

Real Estate Experts Say Kampala Needs An Instant Response To Rapid Urbanization

Posted by: Suubi Anne in Uganda news February 26, 2022

Real Estate experts have advised the leadership of Kampala to have a plan for the fast-growing population in the city. Reports have shown that Kampala is among the fastest-growing cities in Africa, with a population growth rate of 4.05%.

However, real estate industry has not grown to match the need for residential houses, apartments, and offices.

According to the Uganda Bureau of Statistics, in 2020, Uganda’s population was nearly 46 million people, of whom 27% were urban residents.

Urban households are also expected to grow from 2.9 million in 2020 to 3.8 million in 2025, with an increase of 180,000 housing units needed by 2025 to accommodate the growing population.

Abbas Rasheed, the general manager, Universal Multipurpose Enterprises, a company that deals in residential housing in the form of condominium apartments, said that rising real estate and construction costs have many entrepreneurs and families considering residential and commercial.

“It therefore makes sense for businesses or families to share land and parking or security. Stand-alone buildings are expensive and hard to find in many areas, especially in commercial business parks,” he said.

Adam Mpuuga, a city realtor, says Uganda needs an orderly response to rapid urbanization. Experts expect it to grow at 5.6% per annum.

By all means this means government needs to have a plan on board. This is such that it doesn’t catch them off guard.

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