{UAH} What does Mbarara City mean for the real estate sector?
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9:24 AM |
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What does Mbarara City mean for the real estate sector?
When an area is declared a city, what we expect is always beyond the usual. Cities have always provided a home for new ideas, and will always pioneer the next wave of great ideas for urban real estate growth.
When we talk of a new city, we simply assert that people are going to be attracted to come work, invest, live and stay in these places. Others will actually make them their permanent places of abode.
As is the case for Kampala where millions of people have left other parts of the country to come and permanently settle, a similar trend is about to befall our newly declared cities especially Mbarara City , people will move from far Districts and come to settle in Mbarara to establish a livelihood.
A new city comes with many opportunities, especially for real estate, cities primarily depend on infrastructure like roads, houses, office blocks, commercial buildings and other amenities.
To any real estate developer, any city needs shopping malls, arcades, apartments, small housing units, schools, hospitals and for those into construction, the share is equally the same because all these need to be constructed.
With a desire by the government to make roads and other infrastructure better in a city, bidding for road construction and maintenance comes as a golden opportunity. The government will also come with a high demand for office and other administration blocks for various city authorities.
Property value
We are going to be prepared to see an increase in value and general prices for property within the city boundaries but also the surrounding areas immediately outside the city, actually, this is already happening, Sources in Mbarara, and other areas reveal the price surge.
Land and other property in these areas is already picking up in prices, with a lot of speculation at play now. This will definitely mean an emerging real estate market for plots of land for people entering these cities to work and settle there, apartments for those that work within but just wish to rent, Hotel business will definitely thrive as a result of business men that come to transact or close deals within just a few days and return to their original destinations Another fertile ground is what we call industrial complexes at the outskirts of the city. These can include warehouses and other storage facilities. This is because much business is about to engulf these cities and traders will need places to store their goods for some time before the supply chain takes place.
Furthermore, as a city grows, building codes and standards are set by planning authorities, those that cannot afford to meet the standards will either dispose off or partner with those investors that can uplift the status of such structures. The sure thing is that the native low-income earners that cannot uplift their small buildings are going to sell them off.
Amity Realtors ltd
In this Case therefore; Amity is a one-stop shop in Mbarara offering investment solutions to you. Our projects are suitable for residential settlement, commercial purposes or futuristic capital gain
We have prime plots in Rwenjeru-3.5M, Nsikye(Nyamitanga) 11M, Rwobuyenje 2 (100*100) -18M,Rwobuyenje 2 (50X100)-8M , Mile 4 ishanyu (100 X 100) -25M and Nkokonjeru-Ruharo (100 X 100)-45M,and many more developed estates around Mbarara.
As we think of you getting VALUE in our properties, we have also made them very affordable, hence you can find a project from as little as UGX 3,5000,000 with affordable installments.
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-- When an area is declared a city, what we expect is always beyond the usual. Cities have always provided a home for new ideas, and will always pioneer the next wave of great ideas for urban real estate growth.
When we talk of a new city, we simply assert that people are going to be attracted to come work, invest, live and stay in these places. Others will actually make them their permanent places of abode.
As is the case for Kampala where millions of people have left other parts of the country to come and permanently settle, a similar trend is about to befall our newly declared cities especially Mbarara City , people will move from far Districts and come to settle in Mbarara to establish a livelihood.
A new city comes with many opportunities, especially for real estate, cities primarily depend on infrastructure like roads, houses, office blocks, commercial buildings and other amenities.
To any real estate developer, any city needs shopping malls, arcades, apartments, small housing units, schools, hospitals and for those into construction, the share is equally the same because all these need to be constructed.
With a desire by the government to make roads and other infrastructure better in a city, bidding for road construction and maintenance comes as a golden opportunity. The government will also come with a high demand for office and other administration blocks for various city authorities.
Property value
We are going to be prepared to see an increase in value and general prices for property within the city boundaries but also the surrounding areas immediately outside the city, actually, this is already happening, Sources in Mbarara, and other areas reveal the price surge.
Land and other property in these areas is already picking up in prices, with a lot of speculation at play now. This will definitely mean an emerging real estate market for plots of land for people entering these cities to work and settle there, apartments for those that work within but just wish to rent, Hotel business will definitely thrive as a result of business men that come to transact or close deals within just a few days and return to their original destinations Another fertile ground is what we call industrial complexes at the outskirts of the city. These can include warehouses and other storage facilities. This is because much business is about to engulf these cities and traders will need places to store their goods for some time before the supply chain takes place.
Furthermore, as a city grows, building codes and standards are set by planning authorities, those that cannot afford to meet the standards will either dispose off or partner with those investors that can uplift the status of such structures. The sure thing is that the native low-income earners that cannot uplift their small buildings are going to sell them off.
Amity Realtors ltd
In this Case therefore; Amity is a one-stop shop in Mbarara offering investment solutions to you. Our projects are suitable for residential settlement, commercial purposes or futuristic capital gain
We have prime plots in Rwenjeru-3.5M, Nsikye(Nyamitanga) 11M, Rwobuyenje 2 (100*100) -18M,Rwobuyenje 2 (50X100)-8M , Mile 4 ishanyu (100 X 100) -25M and Nkokonjeru-Ruharo (100 X 100)-45M,and many more developed estates around Mbarara.
As we think of you getting VALUE in our properties, we have also made them very affordable, hence you can find a project from as little as UGX 3,5000,000 with affordable installments.
--
"When a man is stung by a bee, he doesn't set off to destroy all beehives"
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