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Buy and Sale of Property

Buy and Sale of Property

Buy property in Uganda at affordable prices for any purpose including commercial, industrial, residential, office, agricultural or social use.  When buying real estate in Uganda, remember that you are going to spend money you have saved over time. You therefore need proper procedures and tips to guide you through the process of purchasing your dream property in Uganda.

Properties available for sale in Uganda that you can buy include house for sale, land for sale, warehouses, apartments, shops, commercial buildings and schools for sale among others. Other real estate investments comprise of hospitals for sale, petrol stations for sale and properties sold by banks or money lending institutions in Uganda.

Anywhere you are in this world, buying an overseas property anywhere in the world including Uganda is always a big decision. In addition to finding a land or real estate for sale in Uganda that matches your desires, there are numerous questions that need to be explained before obligating yourself to an investment. How does the real estate buying process work in Uganda? How to acquire land as a foreigner? How much do I pay in taxes when buying a property in Uganda? What is the duration in registering a business in Uganda? Etc. These are among the questions that especially foreign investors need to get whose answers before buying real estate in Uganda.

When purchasing a property, you need to identify a genuine real estate agent to help you identify the right asset that suits your budget and investment preferences. It is your real estate agent that you will ask much of the questions regarding your prospective property.

Key Tips When Buying Property in Uganda

– Visit the property physically and see it yourself
– Ask for the property relevant documents
– Cross-check the authenticity of the papers in the relevant land offices
– Meet the owner and discuss with him the prices and all related issues
– Try to get some extra information from the neighbors and local authorities where necessary.
– Do all these with help of your chosen lawyer and property agent where possible.
The lawyer will look into the property status and will advise you on all the relevant documents regarding the property. There are several competent advocates in Uganda who can make proper real estate due diligence for you before purchasing a property of your preference.
Once all papers are compiled and the lawyer feels that everything is fine, he will advise you to go ahead with the purchase transaction.
These and a few more issues are salient in the property acquisition process in Uganda. Most of the time, victims of property fraud usually don’t follow the right processes while buying properties on market. When buying a property in Uganda, location is a very vital issue to consider.