UGANDA, Kampala | Real Muloodi News | The participation of women in real estate is increasing significantly in Mbarara City, with many becoming prominent clients in the sector.
According to industry stakeholders, women are purchasing plots of land and other real estate properties at higher rates than ever before, demonstrating a shift in traditional property ownership dynamics.
Real estate dealers in Mbarara City attribute this trend to women’s focus on securing their futures and ensuring financial independence.
Herbert Tushabe, Director of Amity Realtors, revealed that women account for about 65% of their clientele. Since Amity Realtors began operations in Mbarara City and the larger Ankole region, the company has served over 7,000 clients, with women forming the majority of buyers
Tushabe noted that women’s cautious approach to the future, coupled with their roles as caretakers, has driven them to invest in real estate.
Tushabe also highlighted women’s participation in savings groups, known locally as “biibina.” These associations allow women to pool resources, save consistently, and purchase property. Such group savings methods have made it easier for women to meet their financial goals and invest in land.
Another real estate professional, Daniel Arinda, proprietor of Africus Real Estate, emphasized that women in Mbarara City are disciplined savers and adhere strictly to payment schedules.
Arinda noted that his firm receives around five women clients weekly, purchasing plots for long-term investment. He explained that while men often seek properties to build homes immediately, women tend to focus on acquiring land as an asset that appreciates.
Arinda also pointed out that women’s ability to communicate effectively and consistent financial habits make them reliable buyers, which has contributed to their growing presence in the real estate market.
Contrasting this perspective, Emmanuel Turinawe of Abet Realtors stated that men remain the majority of his company’s clients, reflecting cultural norms where men are traditionally seen as family providers.
However, Turinawe acknowledged a noticeable rise in female property buyers. He attributed this to women seeking financial independence and a personal safety net, particularly in cases of marital or financial uncertainties.
The increasing presence of women in real estate is reflected in individual success stories. For instance, Clair Nabaasa, a resident of Mbarara City, purchased her first plot of land in 2020 after years of saving.
Nabaasa described the decision as a step toward securing her future. She observed that many women today prioritize personal investments, viewing land as a reliable asset with consistently appreciating value.
Nabaasa highlighted that land investment serves as a fallback plan, providing women with financial stability in case of unforeseen circumstances.
Her experience aligns with the broader sentiment expressed by real estate dealers, who noted that women often seek property ownership to safeguard against potential financial challenges.
Real estate firms in Mbarara City have also introduced tailored programs to encourage more women to invest. For example, Tushabe’s company recently launched a saving scheme designed to make property ownership more accessible.
Women have joined in significant numbers, further illustrating their commitment to financial planning and investment.
The real estate sector in Mbarara City has adapted to this shift by offering flexible payment options and creating opportunities for clients to pay in installments. These approaches cater to women’s saving patterns and facilitate easier access to property ownership.
In addition to individual buyers, the rise of women in real estate has implications for the broader economy of Mbarara City.
As women increasingly invest in land and other properties, they contribute to the region’s economic growth and development.
Their participation in real estate also reflects changing gender dynamics, with more women taking active roles in financial decision-making and long-term planning.
While cultural norms still influence property ownership, the growing trend of women investing in real estate demonstrates a significant transformation.
Women in Mbarara City are not only challenging traditional roles but are also establishing themselves as key players in the real estate market.
As this trend continues, real estate professionals expect more programs and opportunities to emerge, specifically targeting women.
These initiatives aim to further empower women and support their growing role in the industry. By securing property for themselves and their families, women in real estate are helping shape the future of Mbarara City’s economic and social landscape.
READ MORE LIKE THIS:
How to Avoid Design Choices That Make Your Kitchen Look Smaller