Gabindadde Musoke, the Permanent Secretary in the Ministry of Lands says the registration that is expected to start in June, 2015 will follow a policy underlining guidelines and requirements for persons dealing in the real estate. According to the Ministry, the real estate industry in Uganda has been growing over the years but with no regulation.
Proprietors of commercial premises have in the past two months doubled the rent. At E.K downtown on Bwamba road, rent has increased from 300,000shs to 450,000shs.
