As the effects of the Covid-19 pandemic continue being felt world over, Rwanda real estate market have being impacted in different ways depending on region and asset class
Prior to the global pandemic, the occupancy rate of commercial buildings in Kigali was at 85 per cent. The Covid-19 pandemic brought with it a change in consumer behaviour, forcing many to work remotely.
The number of commercial and residential property sales drops, people abandons their apartments in metropolitan areas, and household occur payment difficulties in redeeming their mortgages among others.
Consequently, Rwanda Real Estate market is becoming a very brilliant one. On average, the houses for rent in the sought after neighborhoods are at least with 3 bedrooms that are normally en-suite. They come at a standard of USD1200/month.
As well as, Apartments for rent start usually at USD500/month and come with 2-3 en-suite bedrooms. In Kigali, houses for rent are more fully furnished than unfurnished. Mostly preferred neighborhoods are Nyarutarama, Gacuriro, Kibagabaga, Kacyiru and others.
The selling market for real estate is such that houses start from RWF50million. Apartments for sale generally cost RWF100million and above, however demand for houses for sale is much higher, hence its widespread availability.
When properties are furnished, you can expect double beds with mattresses and bed sheets, kitchens with fridges, washing machines, microwaves and cookers, living rooms with sofas, coffee tables, flat screen TVs and cable TV connection as well as dining rooms with tables and chairs. Averagely, at least 3 cars can be parked on premises. Apartments for rent are usually maintained for a service fee that may be included in the rent.
Gone are the days of scouting for a reliable real estate company or broker and then scouring the whole town just to find a good house you can make a home. We’ve already done the heavy lifting for you by collating the most premium real estate in Kigali in one clean and easy to use database that you can filter hassle-free.
