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100+ search results, Furnished listings only
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DRAWING THE LINES BETWEEN ARCHITECTS, DRAFTSMEN, ENGINEERS, PHYSICAL PLANNERS, GRAPHICS DESIGNERS, AND THE ROGUE ARCHITECTS.
In the realm of construction and urban planning, architects play a pivotal role that goes far beyond what meets the eye. However, a prevalent misconception has blurred the lines between their responsibilities and those of other professionals, leading to the emergence of rogue practitioners. In this blog post, we will explore the common misunderstandings surrounding the role of architects and delve into the consequences of these misconceptions.The Architect's Canvas: Beyond Design:Architects are often perceived as mere designers, conjuring aesthetically pleasing structures. While design is a crucial aspect, architects wear multiple hats. They are not just artists; they are visionaries who merge creativity with functionality, considering the cultural, social, and environmental impact of their designs.Architects vs. Engineers: Distinguishing Responsibilities:One of the most prevalent misconceptions is the conflation of architects with engineers. While engineers focus on the structural and
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MBAALE DISTRICT REAL ESTATE MARKET TRÈNDS
Nestled in the scenic landscapes of eastern Uganda, Mbaale is emerging as a promising hub for real estate development. With a rich cultural heritage and a growing economy, this city is witnessing a real estate renaissance. In this blog, we'll delve into the key trends shaping the real estate landscape in Mbaale.
Historical origins
The name is commonly writen as Mbale from colonial times but is generaly pronounced as Mbaale. One theory links "Mbale" to the Gisu culture, a Bantu ethnic group in Uganda. According to this explanation, the name might be derived from the Gisu word "embaale," which translates to "plain" or "open space." This refers to the area where the city of Mbale is situated, which was originally an open grassland.
1. Rapid Urbanization and Infrastructure Development:Mbaale is experiencing significant urbanization as people migrate from rural areas to urban centers in search of better opportunities. This influx has fueled the demand for housing and commerci
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THE ROLE OF REAL ESTATE DATA QUANTITY AND QUALITY IN UGANDA'S ARTIFICIAL INTELLIGENCE JOURNEY.
Industries across the globe are experiencing the Artificial Intelligence (AI) transformation, and the real estate sector is no exception. In Uganda, the integration of Artificial Intelligence holds the key to unlocking new possibilities in the real estate market. However, the success of Artificial Intelligence in this sector heavily relies on the availability and accuracy of real estate data.The Untapped Potential.Artificial intelligence has the potential to revolutionize Uganda's real estate sector by providing invaluable insights, improving decision-making processes, and enhancing overall efficiency. From property valuation and market analysis to predicting trends and optimizing property management, Artificial Intelligence can be a game-changer. However, this potential remains largely untapped without a robust foundation of high-quality real estate data.The Importance of Quantity.The quantity of data is a crucial factor in the effectiveness of Artificial Intelligence applications. A
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MORNING MARKET BRIEF - FRIDAY, NOVEMBER 15, 2024
IntroductionWelcome to the Daily Morning Market Brief, your essential guide to the pulse of Uganda's real estate market. From the Real Estate Database (RED), we bring you the most current and valuable insights to kick-start your day. Don't get left behind, familiarize yourself with the market dynamics before you begin your day. OverviewThe real estate market in Uganda is showing a consistent pattern of growth and development. Key areas such as Kampala, Jinja, and Mbarara are witnessing an increase in property demand and value.SnapshotCurrently, the market is experiencing a surge in demand for residential properties, especially in suburban areas. This demand is driving a steady rise in property values.UpdateNew developments are consistently appearing across the urban landscape, particularly in areas like Entebbe and Gulu, further diversifying the market.TrendThe trend is leaning towards sustainable and eco-friendly construction. More developers are incorporating green technologies in th
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DON’T BUY A HOUSE IN UGANDA BEFORE YOU READ THIS BLOG.
Buying a house is a monumental decision, especially in a dynamic and evolving real estate market like Uganda's. It's not just about finding a place to live; it's about making a substantial financial commitment that can shape your future. Before you take the plunge, there are several critical factors you need to consider to ensure that your investment is sound and your new home meets your expectations. Understanding the Ugandan Real Estate Market.The Ugandan real estate market has seen significant growth over the past decade, driven by urbanization, economic development, and a burgeoning middle class. However, this growth comes with its own set of challenges and intricacies that every prospective homeowner should be aware of.1. Market Volatility. Property prices in Uganda can be highly volatile. While some areas, particularly in Kampala and other major cities, have seen rapid appreciation, others have not. Conduct thorough market research or consult with a knowledgeable real estate age
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PROPERTY MANAGERS ARE PREPAYING LANDLORDS TO SECURE FACILITY MANAGEMENT DEALS: DOES IT WORK?
In the world of property management, there's a growing trend of prepaying landlords upfront to secure management contracts. This strategy, where a property manager offers the landlord the entire projected rental income (minus their management fees) upfront, aims to win over the landlord by eliminating their wait time for monthly income. However, despite its appeal, this approach carries notable risks and requires a deep dive into the pros and cons to see if it's really sustainable. Why Prepaying Works as a Strategy.The appeal of prepaying landlords is straightforward: it entices the landlords with immediate cash flow, reducing their need to worry about monthly collections or potential tenant default. This can be a highly attractive option, particularly for landlords who prefer a predictable income stream. By using this tactic, property managers can quickly expand their portfolio, showing landlords their financial commitment and trustworthiness. In a competitive market, this bold move c
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100 FASTEST GROWING LOCATIONS IN AND AROUND KAMPALA CITY FOR BUYING RESIDENTIAL LAND.
Is your home area one of the fastest growing locations around Kampala?
Kampala's real estate market is rapidly expanding, with numerous areas around the city experiencing significant growth. Based on the latest RED statistical analytics, I have identified the top 100 fastest-growing locations for buying land or houses, arranged and ranked in order of growth.
This boom is driven by rapid urbanization, a growing economy, and increasing demand and supply in these areas. A key observation is that the fastest-growing areas are "generally" more expensive. However, there are exceptions like Kololo, which, despite being very expensive, is ranked 39th due to its slower growth. This slow growth is attributed to the limited supply of land and low demand caused by high price points.
In this blog, I highlight a selection of these promising locations, offering an overview of the factors contributing to their growth and what makes each area unique and attractive for residen
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WHAT HAPPENS NEXT WHÈN THE SELLER REFUSES TO PAY COMMISSION TO THE REAL ESTATE AGENT?
When a real estate agent helps a seller to sell their property, they are typically entitled to a commission for their services. This commission is usually a percentage of the sale price and is paid by the seller. However, in some cases, the seller may refuse to pay the commission to the agent. In this blog, we will explore what can happen when a seller refuses to give the agent their commission.
Review the listing agreement.
The first step that the agent should take is to review the listing agreement that was signed by both the seller and the agent. This agreement will outline the terms and conditions of the agreement, including the commission that the agent is entitled to. It may also include provisions for what happens in the event of a dispute.
Communicate with the seller.
The next step is to communicate with the seller and try to understand why they are refusing to pay the commission. It is possible that there was a misunderstanding or miscommunication that can be resolve
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HOW MUCH MONEY DO REAL ESTATE AGENTS MAKE?
Real estate is a dynamic and potentially lucrative industry, with real estate agents serving as intermediaries between buyers and sellers. If you've ever considered a career in real estate, you might wonder just how much money real estate agents make. In this blog, we'll explore the various factors that influence real estate agent earnings and provide insight into the potential income in this field.1. Commission Structure.One of the primary ways real estate agents earn money is through commissions. These commissions are typically a percentage of the sale price of a property. The lowest and highest recorded commission rates are in the range of 3% to 10% of the property's sale price, which may then be split between the listing agent (the agent representing the seller) and the buyer's agent (the agent representing the buyer). This means that an agent's income is directly tied to the property's value.2. Experience Matters.The real estate industry rewards experience. Novice agents may start
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