AREA Uganda 5th Annual Real Estate Conference

On the 17th and 18th of November, AREA Uganda’s 5th Annual Real Estate Conference was held at the Imperial Royale Hotel Kampala.  Affordability of home ownership in Uganda was the theme of AREA’s 2016 conference, which drew a crowd of more than 110 participants, and the event featured presentations from an array of guest speakers.

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Day one of the conference served as a Financial Planning Development, Marketing and Monitoring training course where 68 participants learned how to develop and sustain a business and marketing strategy.  International Real Property Foundation representative Natalie Brecher served as the leader of the training program, where she provided a presentation that included ways for participants to develop their skills in business planning and marketing strategy by analyzing the current state of their organization and looking ahead to make strategic decisions to meet organizational goals and advance their organization’s competitive position.

A secondary point for Ms. Brecher’s presentation was the strategy of buying undervalued homes for affordability and value in order to add opportunity.  For example, realtors have the ability to help someone afford a home by assisting the home-buyer in assessing and buying an under-valued home due to renovation or remodel needs.  When houses are undervalued because of poor condition, they are a “value-add” purchase because they can be transformed at a lesser cost than buying a house needing no work. This applies to homes and investment real estate.  The presentation went on to gift participants with an alternate style of thinking in order to better assist their clients with real estate options, regardless of their monetary situations.

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The second day of the conference started off with the President of AREA Uganda providing a welcoming ceremony and opening remarks for the conference, followed by the Governor Bank of Uganda conducting the official opening of the convention’s events.

A variety of individuals provided presentations at the conference, including the Bank of Uganda and the Bureau of Statistics.  Another presenter at the conference was the International Real Estate Property Foundation’s Sylvia Luchini.  Her topic of choice was Real Estate and Environmental Sustainability, which included an abundance of information on urban development and global energy use by sectors such as: housing, transportation, and industrialization.  Participants were able to learn more about how buildings exhibit a major increasing effect on environmental issues and what they can do to help reduce carbon dioxide emissions by using energy efficient features for housing.

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The Real Estate Conference concluded with AREA Uganda, the Real Estate Association of Rwanda (REAR), and IRPF signing a Memorandum of Understanding between the National Association of Realtors and the Real Estate Cluster in Serbia .  Dr. Baryomunsi, and Ambassador Agnes Kalibbala served as witnesses to the signing of the memorandum.  AREA Uganda also passed out certificates of appreciation and completion of the training program to various conference participants, including the International Real Property Foundation.

Empowerment from a Crowd: The 2016 Bank of Chicago Marathon

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Photo Credit: running.competitor.com

On Sunday, October 9th, after months of preparation, runners from all over the world took to the Windy City’s downtown area for the 2016 Bank of America Chicago Marathon. The first wave of runners began at 7:30 in the morning, with the final competitor crossing the finish line after 9 hours, 47 minutes, and 36 seconds.  Among the sea of participants was the International Real Property Foundation’s Managing Director, Sylvia Luchini, as she competed as a first-time contender in this year’s marathon.

I am proud that I had the chance to run for IRPF,” stated Luchini, “I ran a total of 27.1 miles in 4 hours, 16 minutes, and 32 seconds.

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Sylvia Luchini during Sunday’s marathon.

When asked about a memorable part of her marathon experience, she couldn’t help gushing over the crowd. “The energy of the crowd was amazing,”  Luchini continued, “everyone from the young to the very old were cheering as we passed by. The masses of people lining the streets helped runners by giving out handkerchiefs, water, fruit, or candy when our bodies were tired and hurting.”  Luchini went on to attribute the assistance of the marathon crowd as a large factor in making the completion of the race more attainable for runners.

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Photo Credit: Emerson Granillo

It may be metaphorically implied that Sylvia Luchini’s race experience correlates with her recent online fundraising efforts.  During the weeks leading up to the Chicago Marathon, she has been accepting monetary contributions toward Running for Rights, a cause geared toward helping people in the developing economies of countries such as Uganda, Bolivia, and Romania.  Luchini has helped to unlock the potential of entrepreneurs when property rights are sold, rented or leased, which drives the economy and generates jobs.  Just like the Chicago Marathon’s energized crowd supported its runners, Luchini has been an icon in the assistance and support of countless communities all over the globe.

The Running for Rights fundraising page is still open. Click the link to make a contribution toward helping people in developing economies. https://npo.justgive.org/runningforrights

 

Article By: Ambrosia Maddox, IRPF Communications Specialist

A Glimpse of the AREA-Uganda Women Council Workshop

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The AREA-Uganda Women Council Workshop took place on the morning of August 25th, 2016, at the Fairway Hotel.  The theme of the workshop was ‘CLOSING BUSINESS TRANSACTIONS’ and featured content including: closing deals on rentals, closing deals on property management, and closing deals on property sales with emphasis on selling, marketing, and negotiation skills.  The workshop attracted a whopping 59 participants (all of whom contributed UGX 20,000) from an array of professions including: lawyers, quantity surveyors, interior designers, bankers, and property agents.

Ms. Clothilda Nakimbugwe, the Chairperson of AREA-Uganda Women Council (WC), officially opened the workshop, while the facilitators who presented the workshop were Mr. Kasirye Allan (Head of Marketing at Namulondo Investments) and Mr. Mutebi Edward (Head of Sales at Canaansites Limited).

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Clothilda Nakimbugwe (Chairperson of AREA Uganda Women Council)

Ms. Phiona Lwanga served as the moderator as well as a reader during the workshop, relaying remarks said by Ms. Sylvia Luchini of IRPF in the USA. The conclusion of the event included closing remarks by Ms. Hazeda Kirunda, the Publicity Secretary (WC).

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Hazeda Kirunda (Women Council Public Secretary)

Participants provided feedback on the implementation of the workshop which included suggestions such as: The Women Council should organize such a meeting at least once a year and have focus areas that will be beneficial to women; more women from different professions should be invited to participate in the Women Council events; and a sufficient amount of time should be allocated to share experiences on topical discussions by the participants.

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Between the remarks of the speakers and the participants’ feedback, it’s safe to say that The Women Council workshop will continue to be a successful endeavor in the future.

 

 

Article By: Ambrosia Maddox, IRPF Communications Specialist