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Vision City Housing Sold 80% of its Housing Units

Vision City Housing Sold 80% of its Housing Units

The Vision City Housing project has sold around 80% of the target houses, observed Regis Rugemanshuro, who is the current Director-General of the board of Social Security in Rwanda. Rugemanshuro spoke about the development on September 22, 2020, on Tuesday, in an online public accounts committee meeting. The meeting was held to address the issues […]

Government Intervention & Support Required by Real Estate Players

Government Intervention & Support Required by Real Estate Players

It was revealed to industry players during a lecture arranged in Kigali City entitled “Dynamics of Commercial Real Estate Market of Kigali” that 10 percent of Kigali’s commercial real estate developers sought government intervention to boost their feasibility of their projects. The event consisted of city authorities, stakeholders, and others. Senior Research Fellow at IPAR-Rwanda, […]

Global Experts See a Huge Potential in Rwanda Real Estate Market

Global Experts See a Huge Potential in Rwanda Real Estate Market

“You will always need to create strong ties among the Public and Private Partnerships to develop a successful real state environment”, learned industry players on Monday. A meeting was called out in Kigali where Walid Moussa, who is the acting president of the FIABC, was present along with other stakeholders belonging to the Rwanda real […]

CNBC Africa in Conversation with Paul Rwigwamba About Covid ’19 Impact on the Real Estate Market in Rwanda

CNBC Africa in Conversation with Paul Rwigwamba About Covid ’19 Impact on the Real Estate Market in Rwanda

As the drastic effects of the Covid ’19 virus hit worldwide, it has impacted everyone no matter what race, class, or region. CNBC Africa spoke to the Director of Project and Property management, Paul Rwigwamba asking him about the impact and future implications the coronavirus could have on the Real Estate sector in Rwanda. According […]

Rwanda:  Urbanization and Housing Transformation in Kigali

Rwanda: Urbanization and Housing Transformation in Kigali

Despite the breaking Genocide news in 1994 that left over a million Rwandans dead and thousands of orphaned children and widows, Rwanda has made significant steps of development. Various sectors including manufacturing, housing, and rural settlement, infrastructure and urbanization have been steadily growing. This has benefited the Rwandan community and boosted the country’s economy to […]

Rwanda: Real Estate Industry among the major Sectors propelling Economic Growth

Rwanda: Real Estate Industry among the major Sectors propelling Economic Growth

Rwanda: Real Estate Industry among the major Sectors propelling Economic Growth Last year, Rwanda posted an increase in economic growth mainly contributed to increased growth in the service sector, especially the real estate industry. This is according to a report released by the National Institute of Statistics of Rwanda (NISR). The economy grew by 6.0 […]

Rwanda: Reasons why Kigali’s Real Estate Sector has outperformed other major Regional Cities

Rwanda: Reasons why Kigali’s Real Estate Sector has outperformed other major Regional Cities

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 […]

Rwanda: A look into Kigali’s Real Estate Sector- Opportunity or Crisis

Rwanda: A look into Kigali’s Real Estate Sector- Opportunity or Crisis

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 […]

Call for Real Estate Investors in Rwanda

Call for Real Estate Investors in Rwanda

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 […]