The Exciting Rwandan Real Estate Sector
Real estate investment in Rwanda is a booming business due to the country’s rapid economic growth and infrastructural development projects.
With a rapidly growing middle class and high demand for rental units, the real estate sector contributes significantly to Rwanda’s GDP and has experienced strong growth in recent years, In fact, the sector grew by almost 10% just 5 years ago leading investors to ramp up initial investments of $100 million to almost $500 million.
The demand for rental units particularly in the capital city of Kigali has been driven by the growing middle class, Kigali alone has seen the development of over 16,000 units between 2013 and 2020.
The government has also identified six secondary cities like Rusizi, Rubavu, Musanze, Huye, Muhanga, and Nyagatare to accommodate the urban growth of Kigali. These cities are expected to see strong growth in the real estate market in the coming years.
To meet the demand for affordable housing, the government is collaborating with investors to build publically affordable housing projects, In Kigali, 10 hectares of land have already been allocated to potential investors for future affordable housing developments.
Additionally, the Kigali Innovation City a 70-hectare development featuring world-class universities, technology companies, biotech firms, retailers, and residences, is being built in the capital and this project is expected to position Rwanda as a globally competitive, knowledge-based economy and make investing in real estate in the country a no-brainer.
If you’re looking for top and affordable houses for sale or houses for rent in Kigali, Quick Homes Rwanda can help you find the perfect property.
Contact us today to start your real estate investment journey in Rwanda and take advantage of the exciting opportunities the market has to offer.