10/14/2019 Real Estates and Construction - Visit Rwanda

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Rwanda has also earmarked six secondary cities to foster

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their growth and economic development.
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Overview
Real estate sector is a key sector and a potential driver of future economic growth.

The sector contributes more than 7% to the national GDP; in 2013/2014, the sector grew by
9.4%, because of sustained expansion in private constructions and public works.

Investment in the sector has grown from Us$ 100 million to Us$ 480million in the last 13 year,
driven by population growth, an emerging and growing mid- dle class, increased Diaspora
investment in Rwandan property markets and the government investment in infrastructure
expansion and modernization of urban and rural infrastructure

The demand for real estate, especially affordable housing, is on the rise. This is due to the
increased population growth and an emerging and growing middle class. In Kigali alone, the
demand for affordable housing is estimated at 186,163 Dwelling units (an average of 16,923
Units per year) by 2013-2020.

Among the notable opportunities in the real estate and construction sector is the
implementation of the Kigali City Master plan that entails a broad vision and guidelines for the
entire city serving as the basis for more specific planning at the District and the Central
business District. It presents the most advanced sus- tainability in land use, infrastructure,
environment, society and economy.

Rwanda has also earmarked six secondary cities ((Ru- sizi, Rubavu, Musanze, Huye, Muhanga,
Nyagatare) to foster their growth and economic development. The secondary cities present
enormous opportunities especially; in real estate and infrastructure develop- ment,
manufacturing and agro processing.

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