Wed, Aug 27, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Middle East and Africa, Residential property Watch more

Uganda’s capital booming but bankers jittery over defaulting housing market

Posted on 30 November 2012

Uganda, a 92,000-square-mile republic in east Africa housing 35 million residents, is booming in some of its real estate pockets but going down the drain in other sectors, according to mixed media reports in recent weeks. Bankers and developers are jittery. Loan defaults are mounting.
The Africa Report.com notes “financial institutions, already worried about their high level of exposure to the real estate industry, have cut back on the loans. Banks are also selling off property to recover their loans - posing new questions about the direction the property market is taking and whether house prices are over-inflated.”……………………………………….Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031