Yields are high in Kampala
December 07, 2005
|Last Updated: Dec 7, 2005|
|KAMPALA||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||65,000||350||6.46%||867||4.70|
|100 sq. m.||90,000||700||9.33%||900||7.00|
|150 sq. m.||130,000||1,000||9.23%||867||6.70|
|200 sq. m.||180,000||1,400||9.33%||900||7.00|
|250 sq. m.||220,000||1,800||9.82%||880||7.20|
|300 sq. m.||300,000||2,400||9.60%||1,000||8.00|
|350 sq. m.||360,000||2,800||9.33%||1,029||8.00|
|500 sq. m.||470,000||3,400||8.68%||940||6.80|
|Source: Global Property Guide|
The increase in supply and development and the refurbishing of existing supply is exerting downward pressure on rents, but yields are still quite high at around 8.6% to 10%.
Rents are around US$6 to US$8 per square metre (sq. m) per month (around Ugandan Shilling (UGS) 11,635 to UGS14,300). So the rent for a 200 sq. m. property would be around UGS2.5 million (US$1,358) per month.
Selling prices very widely from between UGS1.5 million and UGS10 million (US$815 to US$5,432) per sq. m.
There are no serious issues of security, power or water supply in the established expatriate areas, but it always helps to have a back-up generator.