The headwinds that hit Uganda's economy in 2016 did not spare the property sector; it was "a turbulent year for the property market," real estate consultancy Knight Frank says in its Uganda Market Update for the second half of 2016.
The CBD is losing out to new properties in neighbouring locations like Bukoto, Bugolobi, Nakawa and Nakasero, which is where most renters are preferring to set up their offices.