Global Property Guide

Financial Information for the Residential Property Buyer


Yields are high in Kampala

Last Updated: 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.

 

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