GPSL currently does a careful mix between rentals and condominium. The company’s emphasis is to invest a higher percentage of future funds into condominium model. In relation to this GPSL is probably at the 1.3% to 1.5% mark in terms of market share at the moment.

Real Estate outlook in Uganda
As alluded earlier, Uganda has a housing deficit of over 550,000 housing units, of which 160,000 are in Kampala, which provides a good market opportunity for us in order to fill the market gap. We are joining some developers already established and introduce our new luxury and trendy style to the market under condominium arrangement. The rental market in Kampala is currently strong and growing, driven by international companies and organisations, particularly expatriate executives arriving into the city in increasing numbers in the run up to oil production.

At a macro level, Uganda’s growing population also presents a unique opportunity for investment in the residential housing marketplace. The current influx of housing units is largely in the middle to high-end space, targeting largely the corporate salaried income earners with access to mortgage facilities from the banking industry. However, the bulk of the 2.4 million housing units needed are in the low to middle income category.