property

According to the Rwanda Housing Authority, Rwanda will require five million five hundred thousand housing units by 2050, up from two million five hundred thousand in 2019. This will serve an expected 22 million people. According to the Director of Housing Planning at Rwanda Housing Authority (RHA), Vincent Rwigamba, this shows that on average, one hundred fifty thousand housing units must be...

The steadily growing real estate sector of Kigali was one of the major contributors to the economic growth of Rwanda last year. The sector contributed about 8 percent to the national GDP growth in the fourth quarter of 2017. The real estate services including the sale and occupancy of homes recorded a growth of 5 percent last year, according to reports by the National Institute of Statistics of Rwanda...

According to recent studies, Kigali rakes higher rental yields in the residential and retail sectors than other cities in Sub Saharan Africa. Rental yield is the rate of profits compared to the cost of the investment property, typically expressed in percentages.  Kigali records 8.1 percentages on average rental return from the residential real estate industry while its retail sector records 9.8 percent...

Rwanda’s transformation has been mainly resulted from growth in urbanization and housing development. Kigali, the capital of Rwanda, is currently the fastest growing city in terms of urbanization in Africa. This has led to the creation of investment opportunities primarily in the real estate sector in Kigali to cater for the growing urban community. A drive in Kigali city will reveal the massive...

Rwanda is yet to experience amendments in Law no16/2005 of 18/08/2005 on direct income taxes and all its first legal provisions as the lawmakers, and Rwanda Revenue Authority (RRA) met to discuss the changes. The proposed amendments made other members of parliament question the reason for the introduction of such changes. The new Income Tax Bill stipulates that a levy of 5% should be imposed on the sale...