Affordable Housing Investment Opportunities in Rwanda | Mbvoni
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Rwanda

HOUSING IN RWANDA

In Rwanda, there is currently a backlog of over 344,068 housing units, just in Kigali. If we consider that Rwanda’s Vision 2020 initiative is planning for an urbanisation rate of 35% by the year 2020, then an additional 350,000 homes will be required to support the demand.

US$38,000 is the lowest cost of a newly built house which is 95m2 in size. Construction costs are inflated somewhat by the higher price of concrete compared to the continental average – 50kg of concrete is priced at US$12.00. There are existing government-funded housing projects, but in order for these to come to fruition, they must meet a number of criteria and beneficiary profiles. These criteria include; projects must offer a variety of housing unit sizes and categories and designed using locally sourced materials as far as possible.

WHY INVEST IN RWANDA?

  • We have previously mentioned the demand for housing units in Rwanda, and the deficit concerning this demand. A key point to consider is that over half of the demand has been received from households with an average income of US$250 – much lower than Rwanda’s national average GDP per capita of $718. The low earners of Rwanda are most in need of housing units, and investment in effective projects is crucial to helping them achieve their aims.
  • In a boost to local and homegrown companies and workers, any housing project is expected to include an on-site training programme, as well as contract small to medium local and national businesses to carry out more than half of the required work.

INVEST IN SOMETHING GREAT

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