Lands Minister Presents 'The Real Estate Bill' to Regulate Uganda's Real Estate Sector

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Kampala, Uganda - October 7, 2023

In a significant move to bring transparency and accountability to the real estate business in Uganda, Lands Minister Judith Nabakooba unveiled 'The Real Estate Bill' during her address at the 2nd National Housing Symposium, coinciding with World Habitat Day celebrations at the Mestil Hotel in Kampala.

Minister Nabakooba disclosed that the bill had already been presented to the cabinet, where it received initial approval based on its principles. However, the cabinet has tasked the ministry with further consultations and benchmarking in countries with successful real estate regulation systems.

"I presented it (Real Estate Bill) to the cabinet, and they approved its principles but tasked us to expound on our consultations and benchmarking in a few countries on how they are running their real estate services," stated Minister Nabakooba.

As part of these efforts, a delegation from the Ministry of Lands embarked on benchmarking trips to South Africa, India, and Kenya. The primary objective of these visits was to gain insights into how these countries regulate their real estate sectors effectively, with a specific focus on combating illegal transactions and fraud.

The Real Estate Bill aims to address several key issues within Uganda's real estate industry, including the prevention of fraudulent practices and illegal transactions. By studying successful models from other nations, the Ministry of Lands aims to create a comprehensive regulatory framework that will promote fairness, accountability, and security in the real estate sector.

The proposed legislation is expected to introduce stringent measures to govern property transactions, ensuring that they are conducted legally and transparently. Additionally, it will establish mechanisms for resolving disputes and enforcing contracts, ultimately providing a more stable and secure environment for both buyers and sellers in Uganda's real estate market.

Minister Nabakooba expressed her optimism that 'The Real Estate Bill' would mark a significant step towards professionalizing the sector and attracting more investment in Uganda's housing and property market.

While the bill undergoes further consultations and refinement, it is anticipated that it will undergo a comprehensive review process, involving input from stakeholders, legal experts, and the public to ensure it effectively addresses the challenges facing the real estate sector in Uganda.

As the Ministry of Lands continues its efforts to regulate the real estate industry, the ultimate goal is to create an environment that fosters growth and confidence in Uganda's property market, ultimately benefiting both investors and homeowners alike.

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