THE CHEAPEST AND MOST EXPENSIVE LOCATIONS FOR REAL ESTATE

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Lamudi Uganda explores some of the cheapest and most expensive locations to buy and rent property in Kampala

The property price is always one of the first things a house-hunter takes note of when searching for their dream home. Various locations in Kampala are known as either affordable or expensive, and they therefore attract different kinds of clients. Leading property portal Lamudi Uganda explores some of the cheapest and most expensive locations to buy and rent property in Kampala city.

Lamudi Uganda’s Country Manager Shakib Nsubuga said: “When it comes to the price of properties, location plays an important role. As you can see, locations that are far from the city center, hospitals, offices and other amenities tend to be cheaper than the locations that are close to these amenities.”

Affordable locations:

1. Naalya

This location is outside the city center but with the construction of the Kampala Northern bypass, commuting to and from Naalya has greatly improved and therefore convenient for the people who stay in the area. Buying and renting in this area is cheap compared to other areas because,there are many existing apartments plus more under construction.  Naalya is an upcoming suburb with various schools and other amenities available for residents. The rent in this area can go for about $345 for a four bedroom house and buying a four bedroom house about $120,700.

2. Bweyogerere

Bweyogerere is another location outside the city center that has some of the cheapest properties in Kampala. A plot of land in this location can be found for as little as $345 while rentals can be found for $140 per month. The fact that is area is approximately 20 minutes from the city center without traffic means it property prices are lower than in more central locations.

Upmarket locations:

1. Kololo

This is the most expensive location to buy or rent in Kampala, with land going for as much as $1,500,000 for an acre of land, houses for sale reaching as much as $56,000 and rentals for as much as  $2,500 – $5,000 per month this price depends on whether the rental is furnished, it is more costly for a furnished rental. Kololo is a residential area with access to malls, schools, hospitals, offices and other amenities. This neighborhood is also home to embassies and residential area to dignitaries which makes it a high security area.

2. Naguru

This is the second most expensive location to buy or rent a property. Naguru is a residential area with amenities such as schools, hospitals and offices in close proximity. The fact that it is accessible and has good connections to other areas are just two factors that have made this area sought after by many investors and property owners. Naguru is quite expensive with rentals at $1,200 – $3,000 for two – three bedrooms (the price varies depending on whether you want it furnished) and buying a four bedroom house is about $500,000 in this area.

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