Officiating at the launch of the housing units in Najjera by Fakhruddin properties today, Hon. Baryomosi sighted high interest rates by commercial banks coupled with high charges to connect utilities to sites as one of the challenges faced by real estate developers hence the high cost of housing unit in the country to the buyer.
Baryomosi further stated that new policies are under ways to have slums in and around Kampala are redeveloped to create a suitable living environment for Ugandans. But this will be done with maximum consultation with the residents in these areas to avoid a backlash with government and residents just like it was in Kasoko in the failed national housing project.
With a national house deficit of over 2.1 million unit against the fast ever growing population, the minister notes that such partnership will help the country overcome the current huge housing challenges.
Meanwhile, government insists that all sub county chiefs will have to be trained in new urban planning systems to have them acquainted with proper knowledge on planning.
This is aimed at curbing poor planning mainly in the newly created cities across the country.
For the just launched housing unit by Fakhruddin properties, a two bedroom house with two lounges costs ugx.140 million and three bedroom plus two lounges costs UGX.180 million.