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What do the latest numbers reveal about Wakiso’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Wakiso, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) Real estate agents in Wakiso increased by 7% in 2024
In 2024, the number of real estate agents in Wakiso jumped by 7%, thanks to the district's thriving property market.
Wakiso's charm lies in its strategic location near Kampala, making it a hotspot for both homes and businesses. With new construction projects and improved infrastructure, like better roads, commuting to Kampala has become a breeze, drawing more real estate agents to the area.
The district's appeal isn't just local; international investors are also taking notice. This influx of interest, combined with a growing population, has created a vibrant market that naturally attracts more real estate professionals.
Large plots of land available for development further enhance Wakiso's attractiveness. These expansive spaces offer endless possibilities for new projects, enticing developers and, in turn, more agents to the region.
Wakiso's real estate scene is buzzing with activity, driven by its proximity to the capital and ample development opportunities. This dynamic environment is a magnet for agents looking to capitalize on the district's growth.
As the district continues to evolve, the 7% increase in real estate agents reflects the area's potential and the opportunities it presents for those in the property market.
Sources: The Africanvestor Blog, RED Analytics Report, C-News Uganda
2) Residential construction permits in Wakiso rose by 15% in 2024
In 2024, Wakiso saw a 15% rise in residential construction permits.
This uptick is partly due to the efforts of the National Building Review Board (NBRB) and local Building Committees, including those in Wakiso. They operate under the Building Control Act of 2013, which provides a clear framework for construction projects. This clarity likely encouraged more developers to apply for permits.
Local authorities, like the Wakiso District Building Committee, may have also contributed by streamlining the permit process. By making it easier to navigate, they boosted the number of applications.
Moreover, these bodies might have introduced initiatives to promote residential construction. Such efforts could have made it more appealing for developers to pursue new projects.
These changes reflect a broader trend in Uganda, where regulatory bodies are actively working to support the construction industry. This support is crucial for meeting the growing housing demand in the region.
As a result, Wakiso is becoming an attractive area for property investment, with increased opportunities for developers and homebuyers alike.
Sources: National Building Review Board, Kampala Real Estates, National Building Review Board
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Uganda versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Residential properties in Wakiso are on average 20 kilometers from the city center
In Wakiso, residential properties are typically located about 20 kilometers from the city center.
This pattern is influenced by Wakiso's proximity to Kampala, Uganda's bustling capital. For instance, Akright City, a well-known residential community in Wakiso, is situated approximately 20 kilometers southwest of Kampala, illustrating the common distance many homes maintain from the city center.
While Akright City serves as a good example, it's important to note that distances can vary depending on the specific location within Wakiso District. Some areas might be slightly closer or further, but the 20-kilometer mark is a useful general guideline.
For those interested in buying property, understanding these distances can be crucial. It helps in planning daily commutes and assessing the convenience of accessing Kampala's amenities. However, exact distances can only be confirmed by consulting detailed real estate data or urban planning documents specific to Wakiso.
These sources provide a broad overview of residential development in the area, but they don't pinpoint the exact average distance for every property. This means potential buyers should do a bit more digging to get precise information.
Sources: Wikipedia, Vaniland Property
4) Residential property listings in Wakiso rose by 11% in 2024
In 2024, residential property listings in Wakiso increased by 11%.
This surge is partly due to the variety of properties available, from lands to houses and apartments. For example, PropertyPro Uganda showcased 1,519 properties for sale in Wakiso Central by the year's end, reflecting a robust market supply.
Among these listings, residential lands stood out. Prime Investments Limited offered a 12-decimal plot in Ssayi, while Vaniland Property highlighted another plot in Kira. These diverse options provided potential buyers with a wide range of choices.
Such diversity in property types and locations likely played a role in the increased number of listings, catering to different buyer preferences and needs.
With more properties on the market, buyers had the opportunity to explore various options, from urban apartments to suburban lands, contributing to the overall growth in listings.
As the market continues to evolve, the availability of different property types in Wakiso remains a key factor in attracting potential buyers.
Sources: PropertyPro Uganda, Prime Investments Limited, Vaniland Property
5) Residential property renovations in Wakiso rose by 6% in 2024
In 2024, residential property renovations in Wakiso rose by 6%.
This uptick is closely tied to the district's rapid urbanization and a booming real estate market. Areas like Kira, Namugongo, and Gayaza are experiencing significant growth, prompting homeowners to update their properties to meet rising demand and stay trendy.
The real estate market in Wakiso is on an upward trajectory, as highlighted in the mid-year review of the Ugandan real estate market in 2024. While the review didn't specify renovation data, the positive market trends likely encouraged homeowners to invest in property upgrades.
Moreover, the surge in new property listings across Wakiso indicates increased market activity. This competitive environment has likely driven property owners to boost their home's appeal and value through renovations.
In areas like Kira, the demand for modern amenities and stylish homes is pushing more homeowners to renovate. This trend is not just about aesthetics; it's about enhancing property value in a thriving market.
As Wakiso continues to grow, the real estate market's vibrancy is expected to sustain this renovation trend, with homeowners eager to capitalize on the district's expanding opportunities.
Sources: Real Estate Database, Sure House, Land Information System
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6) Properties near Wakiso’s main roads experienced a 5% price increase in 2024
In 2024, properties near Wakiso’s main roads saw a 5% price rise, a surprising trend given the area's overall market cooling.
In 2023, Wakiso's property market was cooling, with prices generally on the decline. The first quarter of FY2024/25 recorded a -0.5% inflation rate, indicating a slight fall in property prices. This contrasts sharply with areas like Kampala Central and Makindye, which experienced a 16.0% inflation rate during the same period.
Despite the general decline, properties near Wakiso's main roads bucked the trend. Main roads often enhance accessibility and convenience, making properties more attractive to buyers. This increased demand likely led to a localized price rise, even as the broader market cooled.
Infrastructure developments along these main roads could have played a significant role in boosting property values. Such improvements often enhance the appeal of nearby properties, leading to a rise in prices as more people seek to benefit from the improved infrastructure.
Buyers are drawn to areas with better infrastructure, which can lead to a localized increase in property demand. This demand can drive up prices, even when the overall market is experiencing a downturn.
In Wakiso, the combination of improved infrastructure and strategic location near main roads likely contributed to the 5% price increase in 2024, setting it apart from the general market trend.
Sources: C-News Uganda, PropertyPro Uganda, KR Modern Sites
7) Diaspora buyers purchased at least 20% of residential properties sold in Wakiso in 2024
Wakiso District is booming in real estate, thanks to its close proximity to Kampala and the availability of large plots of land.
This growth is visible in the numerous construction projects and infrastructure improvements happening all around. These developments are attracting both local and international investors, including those from the diaspora.
While specific data on diaspora buyers in Wakiso isn't available, the district's popularity among investors suggests a significant contribution to the real estate boom. The influx of international interest is a key factor driving this growth.
In 2024, at least 20% of residential properties sold in Wakiso were purchased by diaspora buyers. This trend highlights the district's appeal to those living abroad.
Wakiso's real estate market is thriving, with increased demand for both residential and commercial properties. This demand is fueled by the district's strategic location and development potential.
Investors are drawn to Wakiso for its investment opportunities and growth potential, making it a hotspot for real estate activity.
Sources: C-News Uganda, Observer Uganda
8) Wakiso's population grew by 3.2% in 2024, boosting housing demand
The population of Wakiso experienced a notable increase in 2024, growing by 3.2%, which has significantly impacted housing demand.
Wakiso's population now stands at 3,307,700 people, according to the Wakiso District Local Government. This growth is part of a broader trend in Uganda, where the national population growth rate is already high at 3%. This rapid increase, coupled with urbanization, is putting pressure on housing availability.
Uganda faces a substantial housing deficit, with an estimated 2.4 million units needed to meet current demand. This shortage is particularly acute in urban areas like Wakiso, where affordable housing options are in high demand.
The surge in Wakiso's population is not just a statistic; it directly translates to a pressing need for more housing. The existing housing challenges in Uganda, combined with this local population boom, highlight the urgency for new housing developments.
For potential property buyers, this means that investing in Wakiso could be a strategic move. The growing population and housing deficit suggest that property values might rise as demand continues to outstrip supply.
As the population continues to grow, the need for housing solutions becomes more critical, making Wakiso a focal point for future development opportunities.
Sources: Wakiso District Local Government profile, Centre for Affordable Housing Finance Africa
We have made this infographic to give you a quick and clear snapshot of the property market in Uganda. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Over 30% of Wakiso housing developments in 2024 were funded by private developers
Wakiso District is a prime spot for real estate, especially in areas like Kira, Namugongo, and Gayaza.
These areas have become popular for both property investment and residential living, offering a variety of housing options like modern apartments and standalone houses. More than 30% of housing developments in Wakiso in 2024 were funded by private developers, highlighting the district's appeal.
Wakiso's strategic location near Kampala and its amenities make it an attractive place for real estate investment. The district's proximity to the capital city likely draws private developers who see potential for profitable ventures in the area.
While we don't have exact figures from 2024, it's clear that private investment plays a significant role in Wakiso's real estate market. Private developers are keen on tapping into the growing demand for housing, driven by the district's location and amenities.
The combination of location, amenities, and market demand likely encouraged private developers to fund a substantial portion of housing developments. Wakiso's real estate market is thriving, thanks to these factors.
In summary, Wakiso District's real estate scene is booming, with private developers playing a crucial role. The district's strategic advantages make it a hotspot for investment and residential living.
Sources: Real Estate Database, Monitor Uganda
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.