By Ronald Kabuye
Real estates dealers have called on government, Kampala capital city authority KCCA and other concerned sectors to strictly follow their master plans, put them in action and implement the available good policies rather than just treating them as mere pieces of paper.
The call has been sounded by the chairperson of the Homex property expo Edwin Musiime which commenced on Thursday running until Saturday this week at shoprite game supermarket Lugogo and entrance is free of charge.
Musiime reiterated their call to government for the need to tackle the housing deficit, low cost housing, affordable housing and sensitising the public about their master plans.
“The latest research shows that Uganda has a housing deficit of 500,000 to 600,000 thus the president should use the opportunities he gets with other dignitaries to invite them invest in the real estate business in the country.” said Musiime
“On the issue of low cost housing, president Kagame three weeks back gave away about 168 homes to the poor of the poor of Rwanda and I think for many Ugandans thats their expectation from president Museveni.
Its time for less of the talk but more of actions and implementation” Musiime added.
He has also appealed to government and parliament to expedite the real estate bill that is sponsored by the World Bank since most of the country’s targets will be realised after bench marking on infrastructure development and the growth of the housing sector.
He added that the bill will also help to professionalise the real estate business hence streamlining it.
Musiime said the major reason for the Expo is to gather together people and to see the very best of the construction industry.
Meanwhile the home loan manager of Stanbic bank Jackson Emanzi revealed that their bank has introduced the home sweet loan project were any person with income can acquire affordable loans for property with mortgage financing of 17.5% interest and deposit of 10% of the much of purchase to be acquired.
The Homex property expo happens to twice a year.
By Ronald Kabuye