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Kampala has a Price-to-income Ratio of 79.4, Topping Global Charts

By SG Editor·
Somali traders competing with Chinese businesses in local markets.

Local Somali traders are challenging Chinese competitors in the marketplace, impacting economic dynamics.

As the demand for accommodation rises, the dream of owning a home in Kampala is becoming an increasingly expensive pursuit. The real estate landscape in Kampala has experienced a notable price surge, making homeownership a formidable task for locals. This was highlighted by Numbeo’s price-to-income ratio, which shows Kampala as the most expensive city. The price-to-income ratio is a technique that displays the ratio between the current market value of the housing unit that a household intends to acquire and the total yearly income of the household.

SOURCE: BUSINESS INSIDER

Kampala has a Price-to-income Ratio of 79.4, Topping Global Charts | africa.com