Great insights Alex. You're actually being generous with the likely increments in rental prices because as one who operates in the Real estate market in Naguru, i know for a fact that house is unlikely to fetch more than $3000 in the foreseeable future owing to diff dynamics in our market. In any case, it was fetching about $4000 a couple years back. The Kampala high end market is already inflated as it stands, so expectations must be managed when it comes to rental appreciation. The sales do suffer the same fate actually....capital/land appreciation isn't guaranteed except with massive investment in upgrading the property. This effectively amplifies your opinion that borrowing to finance such investments here is in utter bad taste!! Thank you.
Great insights Alex. You're actually being generous with the likely increments in rental prices because as one who operates in the Real estate market in Naguru, i know for a fact that house is unlikely to fetch more than $3000 in the foreseeable future owing to diff dynamics in our market. In any case, it was fetching about $4000 a couple years back. The Kampala high end market is already inflated as it stands, so expectations must be managed when it comes to rental appreciation. The sales do suffer the same fate actually....capital/land appreciation isn't guaranteed except with massive investment in upgrading the property. This effectively amplifies your opinion that borrowing to finance such investments here is in utter bad taste!! Thank you.