By Staff Writer
Tenants in Kampala must be rejoicing over the current real estate trends in the country.
We don’t know whether to call it the property bubble burst but it looks more like this. In the past months, rental houses in Kampala have been getting cheaper and it is now easier for someone to find the best accomodation at the best price in Kampala.
“Can you imagine apartments are getting cheaper. Landlords are even scared of increasing rent. They are just happy to hold on the few tenants they have,” Becky in Kisasi tells us.
“On our flat, some of the houses have remained unoccupied for over a year. My Landlady was even forced to reduce the asking price but still people realize there are better options at a cheaper price in the same area,” Becky explains.
Landlords have even resorted to giving the first months free. They are doing promos such as; “pay for 3 months, get the next 2 months free.”
Two bedrooms and two bathrooms apartments is now going for a meagre 700K. That means every housemate will be paying not more than 350K. And that is in places such as Bukoto, Bugolobi, Kisasi.
It seems Landlords will now have to bribe their tenants…
