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Best Places to Buy land in Uganda. Land is currently one of the most marketable commodities in the real estate sector in the Ugandan economy.
This means that, whether you want to start small by buying an acre, or bigger by buying many acres of land for business development, it is possible to do this by dividing the land up into portions to facilitate these demands.
Shakib Nsubuga, Country Manager of Lamudi Uganda, said: “Land is one the most marketable commodities in the sector at the moment.
Investors especially developers need land for property developments and with the growth of the real estate sector in the country this demand has skyrocketed.”
- 1 How to prepare to buy land in Uganda;
- 2 Best Places to Buy land in Uganda They include;
- 3 Sourced from: Watch Uganda and EaFeed
- 4 Related
How to prepare to buy land in Uganda;
Determine What You Can Truly Afford
To know more about how you can buy an affordable home from Kabaka’s Mirembe estate Sentema, go here
Well, the first step in land buying process is to determine your budget, just as you’d likely do for any other major financial decision.
Decide Which Features Are Must haves.
It’s the rare lucky person who finds the perfect land within their budget, so before you go property hunting, brainstorm a list of what you absolutely must find in a property and which features are simply nice extras.
Examples of must haves might include the number of size property, proximity to work and other places you frequent, and access to your preferred school districts.
You might also have a strong preference on the amount of outdoor space, and whether it’s move-in ready.
Start property hunting using experienced Real Estate Agent.
Browsing online resources for available land in your neighbourhood is a good place to start, and can help confirm whether your budget and house must haves are reasonable in light of what’s for sale.
This is also a prime time to decide whether you’ll hire a real estate agent, if you haven’t already.
While you’re under no obligation to do so, there are several potential benefits to working with one. First of all, an agent can provide access to more home options than you’ll likely find yourself, as well as set up viewing appointments.
Since home buying can be an emotional process, an agent can also act as a mediator between you and the seller.
The buyer should verify the authenticity of the property, check whether the seller has a right over the property or if the property is not caveat.
Take the first step is to check the title deed of the property and approved plans if it is a structure which you are going to buy.
This can be done through obtaining a property search report from the land district offices.
From the search report confirm whether the land is in the name of the seller and that he or she has the full right to sell the land.
It is always better to get the original deed examined by a reputable lawyer and also to ensure the property is of the right size on ground it is important to engage your own surveyor who will help you establish whether the land you want to buy is exactly located on the site the agency is showing you and valid.
Property Due Diligence
When it comes to buying land? You will want to really understand what your money is going into, you will want to know the area, and you will want to know what the potential is for capital growth.
The important thing, however, is to be rigorous, exhaustive. A property is always a big investment. There is a lot of money that goes into a property deal.
So obviously, you don’t want to make mistakes that could have been avoided if you had done your research.
The key thing we consider when buying a property are
Price versus value.
Understanding the Local Area: Making sure that there is a ready local market. You need to know that the property is commercially viable.
Calculating Rental Demand
Put in an Offer
So you’ve fallen in love with a property that meets all of your needs and some of your wants—and it’s within your price range. Let’s make an offer!
This where it can get tricky: You don’t want to low ball your offer or insult the seller but you also don’t want to pay more than is necessary.
Review the purchase agreement
Once seller accepted your offer before you sign on the dotted line, you should make sure to review the contract thoroughly and understand every single clause.
Review all closing costs—the ones you’ve hopefully saved up 3% to pay for, which might include an attorney’s fee, title search and partial property taxes—before you sign the contract.
Lamudi shares with you some of the most affordable places to buy land in Uganda.
Best Places to Buy land in Uganda They include;
Lugazi sits at an average elevation of 1,223 metres (4,012 ft), above mean sea level. The coordinates of Lugazi are 0°22’08.0″N, 32°56’25.0″E (Latitude:0.368889; Longitude:32.940278) The fast and steadily growing Lugazi is one of the areas in the country that is most affordable to buy land in Uganda.
It is situated in Buikwe District on the Kampala-Jinja Highway, about 45 kilometers from Kampala. Further to that; is also sited approximately 23 kilometers from Mukono.
The Kampala-Jinja highway movement to and from Lugazi to the city center has improved making it convenient for people looking to invest in this area.
One can find land in this area in the price range of 5,000,000 Ugx – 10,000,000Ugx for an acre.
In the early 20th century, Gayaza started as a road junction, where the road to Gayaza High School branched off the main road from Kampala to Kalagi.
Shops began to appear in the middle of the century when the Uganda Ministry of Agriculture opened an agricultural research center at Namulonge.
Later, Makerere University opened a crop and animal farm at Kabanyolo to cater for the faculties of Agriculture and Veterinary Medicine.
Today, the township continues to grow and is continuous with Kasangati, a short distance to the south-east. It is also referred to as Zirobwe.
Gayaza is found in Luwero district and is approximately 75 kilometers from Kampala which makes it not only affordable but also convenient.
The price of land is between 6,000,000Ugx – 10,000,000Ugx for 50 by 100 plots of land, this makes it one of the most affordable places to buy land.
Mukono district is amongst the steadily and fastest growing urban areas in Uganda. This makes it one of the most popular places to buy land or own property. Mukono is approximately 27 kilometers east of the central business district of Kampala.
Mukono Municipality is 21 km east of Kampala along the Kampala-Jinja Highway.
It is bordered by Kalagi to the north, Kira Town to the west, Lake Victoria to the south, and Lugazi to the east.
The town is about 24.5 kilometres (15.2 mi) east of the central business district of Kampala, Uganda’s capital and largest city.
This is approximately 25 kilometres (16 mi), west of the town of Lugazi, in neighboring Buikwe District.
The town occupies approximately 31.4 square kilometres (12.1 sq mi) of land area. The coordinates of the town of Mukono are 00 21 36N, 32 45 00E (Latitude:0.3600; Longitude:32.7500). Mukono Town sits at an average elevation of 1,246 metres (4,088 ft), above mean sea level.
Land in Mukono can be bought starting at an affordable price of 8,000,000Ugx for a 50 by 100 plot of land depending on your bargaining power.
Maya is located in Wakiso District, one of the fastest growing districts in Uganda. This area is attractive to those looking for land to build residential houses, schools and commercial buildings.
Maya is an area, in relative proximity to Kampala, situated on a major highway, where land prices are relatively affordable.
This has also increased the number of land disputes in the area. Maya is located approximately 15 kilometers close Kyengera southwest of Kampala.
With the renovations of the Kampala-Masaka highway it is now convenient and easy to travel to and from the City center.
Maya is one of the affordable places in Uganda to buy land with land prices ranging from 5,000,000 Ugx to 10,000,000 Ugx for 50 by 100 plots of land.