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...
Philip lucky, the marketing manager at Rwanda Development Board (RDB) said that there is the need for more investors who can provide low-cost housing facilities and reduce the cost incurred in the importation of construction materials. Rwanda intends to have 340, 000 units by 2022 to cater for the increasing demand of housing facilities and the country has noted a rise in real estate investment for the...
Comparing the current state of Kigali with a decade or two, you will notice the difference and conquer with me that real estate is booming. Many structures are under construction while some completed and occupied, someone who visited the city a few years ago would notice the difference. However, there are major concerns in the city especially the rate at which you will find many vacant homes and commercial...
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