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, […]
“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 […]
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 […]
Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably […]
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 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 […]
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 […]
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’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 […]
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 […]
