Housing Market Analysis

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Housing market is the one of the main branches of the real estate market. The real estate market is a set of participants (buyer, seller, owner, developer, broker, agent, realtor, property manager, state regulatory bodies, etc.) and transactions (purchase, sale, rent, etc.) committed between them in the market.
Housing market economy is defined as a limited part of the real estate economy. It is concentrated on trends according residential type property. The main what characterize the housing economy is pattern of prices, supply and demand.
Each of listed above has their qualifiers. For demand on the housing market it will be:
Main- demografic factor;
-income
-price for housing
-cost -availability o credit
-consumer preferences
- investor
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One US Dollar is equi valent to UGX 1,740, a Pound is UGX 3,200 and a Euro is UGX 2,800

Ugandas housing finanansial sector has showed the overall groth over last 20 years. The total mortgage rate by the end of 2010 reach 4,8 percent of GDP if to compare to the 2009- 3,3% and 2002- 0,3%. The sector is however small in comparison to the increasing housing needs of country and it has principally been serving the middle and high income earners
The lower income earners who constitute over 80% of the population have for long been left out of this bracket which is a reflection of the relatively weak foundations made by consecutive governments in building a sound housing industry for the mainly poor and rapidly growing population.

This report; i) explores how the housing finance sector in Uganda functions, ii) examines the effectiveness of housing finance in relation to the general housing conditions in the country, and iii) recommends a range of options for both public and private sector intervention geared towards enabling more efficient and effective housing finance services

House
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This was during the Idi Amin regime when the Asian commercial class and major internat ional real estate contractors, including those from Israel, left the country.More informal settlements have since emerged due to an increasing population, largely dominated by low income earners and also the poor management the above institutions that had set a firm platform for the growth of the housing industry. One prominent example of informal settlements are the tenements (mizigo) which consist of either a one stand-alone room or as connected building extensions of many commercial premises with an occupancy of up to seven adults
. Tenements meet the housing needs of low income earners.
The Housing Situation Today
The country has since 1986 made considerable strides in rebuilding its housing industry. While it is admitted that the formal housing industry is still small, it has gradually grown from one largely controlled by the government to one that is now market and private sector driven. In the last five years, the industry experienced an average record growth rate of 7%, with the exception of 2000/1 which recorded a 1.8% growth rate

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