Yields are high in Kampala
| Last Updated: Dec 7, 2005 | |||||
| KAMPALA | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 75 sq. m. | 65,000 | 350 | 6.46% | 867 | 4.70 |
| 100 sq. m. | 90,000 | 700 | 9.33% | 900 | 7.00 |
| 150 sq. m. | 130,000 | 1,000 | 9.23% | 867 | 6.70 |
| 200 sq. m. | 180,000 | 1,400 | 9.33% | 900 | 7.00 |
| 250 sq. m. | 220,000 | 1,800 | 9.82% | 880 | 7.20 |
| 300 sq. m. | 300,000 | 2,400 | 9.60% | 1,000 | 8.00 |
| 350 sq. m. | 360,000 | 2,800 | 9.33% | 1,029 | 8.00 |
| 500 sq. m. | 470,000 | 3,400 | 8.68% | 940 | 6.80 |
| Source: Global Property Guide | |||||
The increase in supply and development and the refurbishing of existing supply is exerting downward pressure on rents, but yields are still quite high at around 8.6% to 10%.
Rents are around US$6 to US$8 per square metre (sq. m) per month (around Ugandan Shilling (UGS) 11,635 to UGS14,300). So the rent for a 200 sq. m. property would be around UGS2.5 million (US$1,358) per month.
Selling prices very widely from between UGS1.5 million and UGS10 million (US$815 to US$5,432) per sq. m.
There are no serious issues of security, power or water supply in the established expatriate areas, but it always helps to have a back-up generator.