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Market Update

The village Mali, Bugolobi - 1Q, 2Q 2013

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A research produced by

Knight Frank Uganda - 1Q, 2Q 2013

Kampala’s retail sector take up remains steady.

Less risk averse developers continue with office development plans.

There has been a correction in the market with regards to prime rents across sectors.

In February 2013, the Shilling depreciated by 14.0 per cent on an annual basis.

Residential house sales continue to decrease as lending rates remain high.

Local currency lending remains weak and on a declining trend, which may eventually limit aggregate demand growth.

Source : Knight Frank

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