★ PREMIUM
News

Hidden cost of renting: How brokers drive up rent

Denis Olyeko, the president of the Local Brokers’ Association, who has worked in real estate for more than two decades, acknowledged that some brokers encourage landlords to increase rent because they stand to benefit from higher payments by tenants. “It is common for agents to negotiate with landlords to set a higher rent. For example, when a tenant moves out, an agent may lobby the landlord to increase the rent before a new tenant moves in,” he said.

Houses for rent. Uganda faces an estimated 2.4 million units housing deficit.
By: Edward Anyoli, Journalist @New Vision


KAMPALA - Finding affordable accommodation in Kampala and other parts of the country has become increasingly difficult, with some tenants accusing property agents of driving up rental costs

Login to begin your journey to our premium content

Tags:
Housing
Rent
Homes and Construction
Tenants
Landlords