Buying Property in Uganda

[sundiep]

Anyone have any info on the African and Ugandan Property Market?

[sundiep]

The 1995 Constitution grants land ownership rights solely to citizens of Uganda. Foreigners cannot own land freehold. They may, however, obtain leases for 49 or 99 years. Foreign investors, individual or corporate, cannot acquire land for the purpose of crop or animal production. Foreigners can either rent/lease from citizens or from the Government.

[sundiep]

An Advocate specialising real estate law is needed in real estate transactions in Uganda. When an offer on the property is accepted by the seller, due diligence follows. The lawyer conducts a title search and obtains the transfer forms from the Land Office after all Surveys.

[sundiep]

When all has been cleared, the Advocate draws up the sale agreement. A deposit of 20% is paid upon signing, with the remaining balance to be settled within 30 to 60 days.

The transfer forms are then submitted, together with the signed sale agreement and stamp duty receipt, to the Registrar's Department of the Land Office, and registration fee is paid. This process, dealing with the Registrar's Department, takes about three weeks to accomplish.

[brian]

Try not to spam the forums, thanks - links removed.

[danielzane]

it is safe out there for the property market?