Hoima emerges as Uganda’s next real estate frontier – research
The emerging opportunity has been highlighted by Broll Uganda in new research released during the 25th African Real Estate Society (AfRES) Annual Conference, taking place at Speke Resort Munyonyo in Kampala.
Moses Lutalo (R), the Managing Director of Broll Uganda, looks on during the launch of the report. (Courtesy photo)
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Hoima City is increasingly emerging as one of Uganda’s most promising real estate frontiers, as growing oil and gas activity, infrastructure development and rising commercial demand reshape the city’s economic outlook.
The emerging opportunity has been highlighted by Broll Uganda in new research released during the 25th African Real Estate Society (AfRES) Annual Conference, taking place at Speke Resort Munyonyo in Kampala.
The conference, held under the theme “Transforming African Real Estate for Sustainable Growth and Innovation,” has brought together researchers, investors, policymakers, developers and property professionals from Uganda and across Africa to examine the forces shaping the continent’s built environment.
According to Moses Lutalo, Managing Director, Broll Uganda, the country’s economic centre of gravity is gradually broadening towards regional cities, with Hoima standing out because of its expanding role in the oil and gas economy.
This Special Edition reflects Broll’s commitment, as a pan-African property services group, to putting marked-to-market data in front of institutional investors early, so that the wave of infrastructure, housing and commercial investment that follows the oil and gas programme is underwritten on evidence rather than sentiment,” Lutalo added.
The report further highlights that as economic activity increases, demand is likely to extend beyond residential accommodation to include offices, retail centres, hospitality facilities, logistics and industrial property, serviced accommodation and supporting infrastructure.
For investors, this makes Hoima particularly significant because real estate demand is increasingly being linked to the underlying expansion of the city's economic base.
Michael Mwizerwa, Head of Research, Broll Uganda, on the other hand, notes that this report goes beyond anecdote to give investors, developers and policymakers a data-led view of Hoima’s trajectory from land values to emerging logistics and industrial demand.
From oil city to diversified property market
The opportunity in Hoima is not simply about constructing more buildings. The more important question is whether the city can develop a diversified and sustainable property ecosystem capable of supporting a growing population, businesses and a workforce connected to the wider energy economy.
For investors, the message is therefore clear: Hoima represents an opportunity that requires research, rather than speculation.
Developers who understand the city's economic drivers, identify underserved property segments and structure projects around real demand could be better positioned than those simply following the excitement surrounding the oil economy.
And as Broll's latest research suggests, identifying those opportunities early and understanding the economic fundamentals behind them could become one of the defining challenges and opportunities for Uganda's property industry over the coming years.