What is real estate?
Real estate is property made up of land and the buildings on it.
What is the scope of real estate sector in Uganda?
Uganda’s real estate sector is comprised of the following;
- Land dealers
A land dealer is a person who acquires land for resale and sells it as is.
- A land developer
This is a person who acquires land for resale and adds value to it by partitioning e.g. 50X100, avails utilities near it, puts a structure and other developments which increases its value may partition it or add utilities, structures, and other developments so that they increase its value.
- Property developer
This is a person who buys, builds or renovates existing properties and sales them.
- Real estate agents
This is a person who represent buyers or sellers in the sales and purchase of buildings, land and are licensed by the ministry of lands, housing and urban development.
Real estate agents also connect landlords to prospective tenants and vice versa.
- Landlord
This is any person who rents out immovable property (land and or buildings) to another person (the Tenant) for a payment. A landlord may take the form of: an individual, a company, a trust, government or an institution
For more information, visit the nearest URA office for assistance or call the toll-free lines 0800117000/0800217000 or WhatsApp: 077214000
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