Industrial sector rent remains stable as that of office and residential falls Kampala, Uganda | ISAAC KHISA | Rents in industrial sector has remained stable amidst the coronavirus pandemic as that of office and residential sectors take a southward trend. The Knight Frank’s latest Kampala market performance review shows that, …
Read More »Vendors shun new Lugazi central market over charges
Kampala, Uganda | THE INDEPENDENT | Vendors in Lugazi municipality are still hesitant to occupy the newly constructed central market citing high costs. The 15.8 billion Shillings structure, financed by the African Development Bank (AfDB) under the Markets and Agricultural Trade Improvement Programme Project-2 (MATIP-2) was commissioned by President Yoweri Museveni …
Read More »Parliament tasks gov’t to address landlord, traders row
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the government chief whip Ruth Nankabirwa to ensure that the landlords and traders are at ease regarding payment of rent. The directive followed a matter of national importance raised by Kampala Central MP Muhammed Nsereko who …
Read More »Increase in number of residential apartments amid decline in occupancy – Knight Frank
Kampala, Uganda | THE INDEPENDENT | Uganda saw an increase in the number of residential apartments by 11% in the first six months of 2020 while occupancy of these apartments had the biggest drop (10%) in recent times. According to Knight Frank Uganda, an estate agent, residential apartment units increased …
Read More »Give landlords tax incentives to waive rent – KACITA
Kampala, Uganda | THE INDEPENDENT | The Kampala City Traders Association (KACITA) has asked government to waive income tax obligation from rent for the three months of lockdown to help the landlords also reduce pressure on the tenants. KACITA was today appearing before the National Economy committee of Parliament which …
Read More »The rent is due but many Americans can’t pay the bills
New York, United States | AFP | The coronavirus pandemic took Brittany Brook’s job on March 16, two days after it took her husband Matthew Whitfield’s, leaving the New York couple scrambling as end-of-the-month bills come due. On April 1, Brook, an artist who until recently taught music at a preschool …
Read More »Equal opportunities commission to spend UGX 200m on rent every month
Kampala, Uganda | THE INDEPENDENT | The Equal Opportunities Commission (EOC) will spend up to 208 million Shillings every month to rent offices at the newly constructed Kingdom Kampala Building, along Nile Avenue. The Commission is a statutory body mandated to eliminate discrimination and inequalities in Uganda. It is also …
Read More »Rent law: Good intentions, bad incentives for property market
The proposed law will make rent expensive Kampala, Uganda | ISAAC KHISA | John Kityo has been experiencing some tough times in renting a room for his small business in downtown Kampala. The 30-year old has rented seven different places as a result of sudden rent increments. So when Dr. …
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