Vincent Agaba on Avarts Housing Limited’s Role in Revolutionizing Real Estate in Uganda

In this interview, Mr Vincent Agaba gives an overview of how Avarts Housing Limited started, the challenges they’ve faced and how they navigated through these challenges.

The business started in 2006. We operate in real estate and insurance, but we also provide financial advice. The motivation behind starting real estate management was the challenge many people, both within the country and abroad, faced in managing their real estate portfolios. They struggled with asset management, which included finding tenants, coordinating repairs and maintenance, and ensuring a return on their investments.

We saw an opportunity to step in and offer real estate management services. We manage these properties, allowing owners to focus on their other ventures, such as clothing businesses, agriculture, or other investments. We manage both commercial and residential properties, as well as warehousing and retail spaces.

Along the way, we realized that risk management is critical, and that is where insurance comes in. We partnered with Salam Insurance to make sure all these real estate portfolios are properly insured, thus protecting the return on investment. Additionally, we expanded our services to include financial advice, working with Housing Finance Bank. This partnership helps us provide clients with advice on construction finance and access to mortgages, which are essential for their projects.

Another important service we offer is real estate market feasibility studies. These studies ensure that investors build properties that meet market demand, avoiding situations where buildings do not align with the needs of the market. We provide a full range of services, feasibility studies, asset management, financing advice, and insurance offering a comprehensive solution to real estate investors.

Our main motivation was to safeguard real estate investments and ensure that tenants get value for their money through proper repair and maintenance. In this way, we provide a 100% 360-degree service that fully protects and manages real estate portfolios” says Vincent Agaba.

You can find the full interview here: https://marcopolis.net/avarts-housing-limited-vincent-agaba-discusses-their-competitive-advantage-as-a-top-property-management-company-in-uganda.htm