Why are real estate prices so high?

The average price of two- and three-bedroom apartments in prime residential areas is $280,000 (about Shs100m and Shs120m). PHOTO/ISMAIL KEZAALA

What you need to know:

  • Prices are determined by varying forces of demand and supply and people’s different tastes and preferences. In Uganda there is demand for low-cost housing caused by rapid population growth and urbanisation.

A number of factors go into determining the cost of property including location, size and the state of the real estate market at the moment. 

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