What is Real Estate?
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops, minerals, or water,
and wild animals; immovable property of this nature; an interest vested in this item of real property, buildings, or housing in general.
Best Real Estate Companies In Uganda
National Housing and Construction Company
Knight Frank
Crane Management
Broll
Property Services
Spectrum Real Estate Solutions and Property Management, Uganda
Eastlands Agency
Donville Properties
Wilken Property Service
Riverstone
How profitable is real estate in Uganda?
According to Ms. Catherine Nanteza, chief executive officer of the Association of Real Estate Agents (AREA), real estate is still very profitable.
She attributes the low investment by retirement schemes to the fact that real estate is a long-term investment while schemes are expected to make profits for their members.
How to make money in real estate in Uganda?
Investing in commercial real estate is another way to make money in real estate in Uganda. This strategy involves buying or developing
commercial properties such as office buildings, retail spaces, or warehouses and then renting them out to businesses.
What do you need to start a Real Estate Business In Uganda?
1. Have A Strategic Business Plan
The lead tip to start your own real estate business in Uganda is to have a strategic plan for your business to be able to conquer this market.
Real estate investing is just like starting any other career in which you can’t start on a whim without having a specific business plan in mind.
2. Build A Unique Brand
Brand credibility is important in building a successful business in Uganda especially when it has to do with the investment of millions of Uganda shillings.
Branding is all about creating a perception of your business in the minds of people.
3. Legally Register The Business
If you really want to make this business to the highest level possible, then you have to legalize its existence by registering the business with the Uganda Registration Services Bureau.
4. Raise The Required Capital To Start
If you did your business plan research well you must have known the minimum amount of money it will require to get you started depending on the scale at which you choose to start.
If your savings and financial capacity are not enough to start, you can source for alternative fundings.
5. Get Started & Get Working
The last step to starting a real estate holding company is execution. Execute on everything that you’ve developed in your business plan. A good number of Ugandan businesses fail due to very poor execution.