{UAH} Rent declines by 5%

Allan

UBOS data.


At times it is hard to get your thoughts around how some Ugandans see
their environment.
What is there are no more money to steal from government to rent
houses for concubines

And Uganda has not reached 1%-2% of 1970 expatriate levels.

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"Knight Frank Research registered a 5 per cent decline in average
rents for three-bedroom apartments from $2,900 (Shs10.6m) recorded in
[first half of] 2018, down to $2,750 (Shs10.1m) in [first half of]
2019," the report reads in part, attributing the fall to supply, which
has outstripped demand.

However, an increase in expatriate accommodation for singles and
couples, for two bedroom units influenced a 7 per cent increase in
rent prices from an average of $2,100 (Shs7.7m) registered in first
half of 2018 to $2,250(Shs8.2m) in first half of 2019.

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