Uganda’s GDP grows by 13% after rebasing of its GDP to 2009/10 from 2002. Commercial lending rates
remained high at over 20%.Uganda shilling remained weak against major currencies.
Occupancy rates for office space remained slow. Prime residential rents continue to fall as demand weakened.
Decline in demand for middle income housing on the back of high lending rates.Retail sector remains bullish.
The economy continued to recover from the low growth recorded since financial year 2011/12
which incidentally was the election year.We are yet to see serious investment in the affordable housing
space, yet this is where the majority of demand for housing lies.
