Residential Land for sale in Lubowa Wakiso Uganda, code: 192255
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Residential Land
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This property is an ideal opportunity for anyone looking to build their dream home or small business. It is a classic residential plot located in Lubowa on Bunamwaya road within Wakiso District. It is situated 600 metres from the tarmac and is a great location for a dream home. The land title is a private mailo land tenure and the size is 50 decimals with a negotiable price of 220 million shillings.
The property is conveniently located near the main road and all the necessary amenities are easily accessible. The area is developing rapidly and the value of the property is sure to increase over time. This is a great investment for anyone looking to build a home or a business.
In addition, for those looking for more space, there are two adjacent plots of 50x100 feet each with 12 decimals of private mailo land at a price of 68 million shillings. This is a great deal and the perfect opportunity to own a piece of land in the same area.
This property is a great investment for anyone looking to build a home or a business in this rapidly developing area. The land is located 600 metres from the tarmac and is close to all necessary amenities. The negotiable price of 220 million shillings is unbeatable and with two additional plots at a price of 68 million shillings each, this is a great deal. Don't miss the opportunity to own a piece of land in this amazing location.
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100+ RELATED PROPERTIES
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IMPORTANT DOCUMENTS YOU NEED TO HAVE WHÉN BUYING OR SELLING PROPERTY IN UGANDA.
Buying or selling a property in Uganda is a significant financial decision, and it involves a lot of paperwork. There are several essential documents that both buyers and sellers need to have to ensure a smooth transaction. In this blog, we will discuss the critical documents you need to have when buying or selling property in Uganda.
Title Deed
The title deed is one of the most important documents when buying or selling property in Uganda. It's a legal document that proves ownership of the property. The title deed contains information about the owner, location of the property, and the size of the land. When buying a property, you need to ensure that the seller has a valid title deed, and it's registered with the relevant authorities.
Land Sale Agreement
A land sale agreement is a legally binding contract between the buyer and the seller. It outlines the terms and conditions of the sale, including the price, payment plan, and transfer of ownership. The agreement sho
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WHY IT IS IMPORTANT TO SET THE RIGHT ASKING PRICE FOR YOUR HOME.
Selling a home is a significant milestone in life - it marks the end of an era and the beginning of a new chapter. When the time comes to put your beloved property on the market, it's natural to feel a mix of emotions ranging from excitement to nervousness. One of the most crucial decisions you'll make in this process is setting the asking price for your home.
It may seem like a simple task, but in reality, it requires careful consideration and strategic planning. Why is setting the right asking price so vital? Let's delve into the reasons that make it a fundamental aspect of the real estate journey.
1. First Impressions Matter: When your home hits the market, it creates a lasting first impression among potential buyers. Setting the right asking price helps ensure that your property stands out in the crowded real estate market. Overpricing may deter potential buyers and lead to your home languishing on the market, while underpricing may raise suspicion about hidden flaws or devalue
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DOES EXPENSIVE PROPERTY MEAN LUXURY, OR DOES LUXURY PROPERTY MEAN EXPENSIVE?
The terms "expensive" and "luxury" are often used interchangeably, leading to a common misconception that they are synonymous. However, delving deeper into the intricacies of the property market reveals a nuanced relationship between these two concepts. In this blog, we explore the question. Does expensive property mean luxury, or does luxury property mean expensive?The Expensive Property Conundrum.The term "expensive property" primarily refers to the high monetary value attached to a real estate asset. Factors such as location, size, and amenities contribute to the overall cost. However, the mere presence of a hefty price tag does not necessarily guarantee a luxurious living experience. Some properties may command a high price due to their strategic location, proximity to urban centers, or limited availability, without offering the lavish features often associated with luxury living.Defining Luxury in Real Estate.Luxury, on the other hand, extends beyond the financial realm and encomp
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HOW TO TRANSFER A MAILO LAND TITLE INTO YOUR NAMES.
Mailo land is mostly common in the central region with few traces in western Uganda. Titled property is associated with complex paper work and one needs knowledge to save a dime as well as time from transactions, hence the phrase "ettakka biwandiiko ssi bigambo" which means Land ownership is proved by supporting and satisfactory documentation and not mere words.Step 1.
You must have in your possession a fully completed set of Transfer forms which include a Transfer form and two Consent forms, A photocopy of the duplicate certificate of title and authentic Passport photographs of the buyer and seller one for each. Include National Identification card copies / passports for both parties Fully witnessed by an Advocate of the vender and Purchaser. Attach a copy of the sells agreement on which the transaction was done.Step 2.
You present the documents to the Valuation Department at the Ministry Zonal Office (MLHUD) that takes the district where the land is situated for v
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🇺🇬 HOW UGANDA’S REAL ESTATE MARKET HAS TRANSFORMED SINCE INDEPÈNDENCE.
Since gaining independence in 1962, Uganda has undergone significant transformations across various sectors, with real estate being one of the most remarkable areas of growth. The journey from a colonial past, characterized by land ownership challenges and limited urban infrastructure, to a dynamic and evolving real estate market has been both complex and inspiring. Let's explore the major milestones, developments, and trends that have shaped Uganda's real estate market since independence. Colonial Legacy and Land Ownership.At the time of independence, land ownership in Uganda was heavily influenced by colonial laws and practices. The introduction of the 1900 Buganda Agreement and subsequent land acts created a dual land ownership system, with land divided between mailo (freehold) and leasehold tenures. These early systems often favored colonial settlers and elites, leaving the majority of Ugandans with limited access to land ownership.Independence marked the beginning of significant r
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THE BAN ON DECEPTIVE MARKETING IN REAL ESTATE DÁTABASE (RED).
The Real Estate Database (RED) is a platform that stands as a beacon for honest dealings and fair practices in the real estate industry. One of the cornerstone policies of RED is the strict prohibition of deceptive marketing, a rule that underscores the platform's commitment to integrity and ensures a level playing field for both buyers and sellers.The Importance of Transparency:Real estate transactions involve substantial investments and life-changing decisions. Whether you're a first-time homebuyer or a seasoned investor, having access to accurate and reliable information is paramount. Deceptive marketing can cast a shadow over this process, leading to misunderstandings, financial losses, and eroding trust in the real estate market.RED's Commitment to Integrity:The Real Estate Database (RED) sets itself apart by fostering an environment where honesty prevails. The platform's guidelines explicitly prohibit deceptive marketing practices, ensuring that the information provided by seller
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PROPERTY MANAGERS ARE MISSING IN THE LANDLORDS AND TENANTS ACT
Property managers are (in)famous for evicting tenants. A tenant who was once thrown out of his apartment (read premises) will never forget the property manager who threw him out.
It so happens that most of the times I have interacted with property managers, they will occasionally make or receive a call from a problematic tenant and then exchange tough words in my presence.
The very first property manager I interacted with in Uganda is called Andrew Mukiibi from Premier Property Lettings Ltd, that was way back in 2006 when i was trying to make my entry into the real estate industry, at that time, his office was on 1st street, next to what was then known as Ange Nior Discotheque.
When I went to his office, I found him in a very horrible mood as he was in the midst of a heated and lengthy phone argument with a problematic tenant at the time when I arrived.
I even contemplated rescheduling my meeting with him based on the assumption that our meeting may be affected by his mood, and thu
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HERE IS A SIMPLE SAMPLE PROPERTY MARKETING PLAN FOR YOU.
Upon realizing that many agents, including those affiliated with RED and numerous others in the real estate industry, lack a structured property marketing plan to present to property sellers, investors, and landlords, I have taken the initiative to develop a simple sample marketing plan that can be readily utilized by any agent seeking to secure listings.
Typically, landlords expect to gauge the level of commitment an agent possesses in securing the best possible price for their property in the shortest time frame. This is where I step in to offer you a straightforward sample property marketing plan, as illustrated below, to assist you in meeting these expectations.
Dear Mr. Bangoshe.I hope this message finds you well. We are excited to present a comprehensive property marketing plan tailored specifically for your three-bedroom bungalow in Kampala. Our goal is to assist you in successfully selling your property by leveraging a strategic mix of online and offline marke
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COMMON MISCONCEPTIONS ABOUT REAL ESTATE AGENTS DEBUNKED.
Real estate is a thriving industry in Uganda, with many people buying, selling, or renting properties. Real estate agents play a crucial role in this industry by connecting buyers and sellers, facilitating transactions, and providing valuable advice and support to their clients. However, there are several misconceptions about real estate agents in Uganda that need to be addressed.
Misconception #1: Real estate agents make a lot of money for doing very little work. This is a common misconception that is not entirely true. While it's true that real estate agents earn a commission on every transaction, they also have to work hard to earn that commission. They spend a lot of time and effort prospecting for clients, marketing properties, negotiating deals, and handling paperwork. Additionally, they have to keep up with the latest industry trends and regulations to provide accurate and up-to-date advice to their clients.
Misconception #2: Real estate agents are just salespeop
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ENTER YOUR DETAILS BELOW AND IVAN WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 192255
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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