Kampala Land Title Crisis Hampers Real Estate Business

[Observer]Chris is a property developer based in Ntinda, a Kampala suburb, who buys plots of land and builds apartments for sale. To do this, Chris (surname withheld) buys a plot of land, secures a bank loan usually of about Shs 300m, develops apartments, which he sells through the bank to mortgagees. However, for the last six months, he has been stranded, as one of the most buoyant sectors of the economy - real estate - slowly grinds to a halt.