For those looking for houses to buy during this period, there are numerous cheap houses for sale by banks in Uganda that you can go for without putting yourself through the rigors of having to build one, supervising the gimmicks played by laborers, and the ever increasing prices of materials to use during construction.
With the increasing land prices, high cost of construction materials, limited access to funding opportunities, and planning bottle necks, are some of the issues limiting supply and building of houses. On the other hand, demand is limited by low per capita income, high costs of borrowing, limited mortgage opportunities and affordable housing stock. Uganda’s housing situation is characterized by inadequate homes in terms of quality and quantity in both rural and urban areas.
Economically, the country is recording gross domestic product growth of 4.6 percent in real terms and 11.6 percent in nominal terms. Thus, it has been experiencing consistent economic growth where so many businesses are recorded to be booming. In fiscal year 2015–16. Economic growth has not always led to poverty reduction. Despite an average annual growth of 2.5 percent between 2000 and 2003, poverty levels increased by 3.8 percent during that time.
This has highlighted the importance of avoiding jobless growth and is part of the rising awareness in development circles of the need for equitable growth not just in Uganda, but across the developing world.
The housing deficit stands at 2.4 million housing units, out of which 210,000 units are in urban areas and 1.395 million units in rural areas. It is the more reason why it is important that you embrace this introduction of cheap houses for sale by banks in Uganda.
Cheap Houses For Sale By Banks in Uganda
Below are the list of cheap houses for sale by banks in Uganda. Pick the ones that most fit your pocket size and huge discount:
- 3 Bedrooms House For Sale In Namugongo Misindye 120m
- 4 Bedrooms House For Sale In Kasanje On 1 Acre At 250m
- 3 Bedrooms House For Sale In Gayaza Near The Court 30 Decimals At 280m
- 3 Bedrooms House For Sale In Gayaza 30 Decimals At 280m
- 3 Bedrooms House For Sale In Matugga Town 50x70ft At 50m
- 6 Bedrooms House For Sale In Kakiri On 1 Acre At 250m
- 8 Bedrooms House For Sale In Kasangati Nangabo 35 Decimals At 400m
- 4 Bedrooms House For Sale In Wakiso 20 Decimals At 350m
- 4 Bedrooms Shell House For Sale In Seeta Kigunga 18 Decimals At 180m
- 3 Bedrooms House For Sale In Nkumba Estate 17 Decimals At 280m
- 3 Bedrooms For Sale In Kireka Kyaliwajjala 13 Decimals 190m
- 3 Bedrooms House And 2 Rentals For Sale In Bweyogerere Kirinya At 85m
- 4 Rental Units Of 2 Bedrooms Each Making 2m Monthly For Sale In Gayaza 140m
- 4 Bedrooms House For Sale In Nakasajja Gayaza 20 Decimals At 90m
- 3 Bedrooms House For Sale In Mpererwe 50x100ft At 120m Shillings
- 3 Bedrooms House For Sale In Kisaasi 50x100ft At 200m
- 3 Bedrooms House For Sale In Kira Nsasa 12 Decimals At 250m
- 4 Bedrooms House For Sale In Namugongo Misindye 17 Decimals At 175m
- 3 Bedrooms House For Sale In Najjera Buwate 13 Decimals 199m
- 3 Bedrooms Shell House For Sale In Mukono Namayiba 50x100ft At 30m Shillings