Real estate has emerged as one of the most attractive investment opportunities in Uganda. With its rapidly growing urban population, expanding infrastructure, and favorable government policies, the real estate sector in Uganda has shown significant potential for profitability significant potential for profitability. However, like any investment, it comes with its own set of challenges and risks. This article explores the profitability of real estate in Uganda, considering various factors that influence the market.
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As San Pedro Town and the island of Ambergris Caye continue to grow and expand (both in population and tourism), there is an increased need for more services. One of the newly proposed services includes an easier and more affordable way to get around the island. This is the newly proposed public transportation system. A private entity, Taly Corporation, has been actively working on a public transportation system and route for San Pedro & Ambergris Caye going from Mahogany Bay through San Pedro Town, continuing north and heading west to Secret Beach. The Taly Corporation is looking to invest in and set up the Ambergris Caye public transportation system to make it easier and more affordable for people to get around the island (both locals and tourists). The proposed plan will have a portion of the public transportation profits go to a non-profit organization and charities on Ambergris Caye until the initial capital investment is met.
The proposed public transportation project would be under the San Pedro Public Transport Company Ltd. The proposal for the public transportation system is yet to be approved. The plan is to offer island residents and tourists public transportation options besides only taxis or golf cart rentals. Below you can see the current types of transportation used in San Pedro with the % of total use;
San Pedro Ambergris Caye
San Pedro Town on Ambergris Caye, Belize, as of 2015 had an estimated population of approximately 16,444 people. Since then the population has grown with an even higher volume of expats and tourists. Ambergris Caye as a destination (for tourism and residency) has experienced incredible growth over the last 5 to 15 years. From 2017 to 2022 (5 years) Ambergris Caye has seen tourism grow at a rate of 14.6% per year (over double-digit annual growth). Over the same 5 years, Ambergris Caye has seen a population growth rate of over 8% per year, and in the previous 10 years, prior Ambergris Caye and San Pedro experienced an annual population growth rate of 17%. It is estimated that up to 25% more people reside on Ambergris Caye on a part-time basis. The growth in population and tourism has led to the proposed public transportation system.
The public transportation proposal will not require any public funding from the Belizean or the municipality of San Pedro Town. All profits will be donated to local charities and non-profit organizations.
The public transportation system proposed by Taly Corporation will include multiple pricing options, with reduced fares for students, seniors, and people with disabilities. There will also be monthly public transportation passes available as well as single-ride fares.
The Vehicles
The vehicles proposed for the public transportation project are 14–16-seater shuttle buses. The plan is to have the shuttles operating 24/7.
The Public Transportation Routes
The proposed public transportation route will include 20 designated bus stops. The stops will go from Mahogany Bay Village in the south and up to the North at the turnoff to Secret Beach and over to the West Coast. The proposed route will go to and from Mahogany Bay to Secret Beach with 20 total stops. You can see the proposed stops and route below;
The fleet size, the number of vehicles, and the frequency of trips will increase over time as the demand grows. For more information on Belize and Ambergris Caye infrastructure or to learn more about Belize Real Estate contact us at RE/MAX Belize!
Ambergris Caye
Belize
Belize Tourism
Mahogany Bay
San Pedro Belize
Secret Beach
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