Prospects for future rental growth are location specific and will be increasingly underpinned by high quality management and security. Typical inclusive rent levels in these complexes for a three to four bedroom unit will range from Kshs 60,000 per month (US$810 per month).
Large houses in Muthaiga can still attract exclusive rents in excess of Kshs 220,000 per month (US$3,000 per month). Residential prices vary similarly from Kshs 5 million (US$68,000) for a three to four bedroom middle market apartment in Westlands to Kshs 45 million (US$600,000) for a five bedroom house in Muthaiga. Home valuation services Uganda has emerged as one of sub- Saharan Africa’s relative success stories having made great economic strides after years of political turmoil and economic disintegration triggered by Idi Amin’s rise to power in 1971 improved investment and exchange regimes and privatisation of the majority of the 100 plus public enterprises said, Aaron Campbell.
Uganda registered an average annual GDP growth rate of 6.5% in the 1990s, reaching a peak of 10.6% in 1994/95. over the two years from 1996/97 but recovered in the 1998/1999 financial year, with growth of 7.8%, as climatic conditions returned to normal.