Real Estate in Rwanda
Last updated on Jan 08, 2024
Summary: An expat looking to buy a home in Rwanda should begin by researching the local real estate market. They should look for listings on popular real estate websites, such as Zillow, Trulia, and Realtor.com. Additionally, they should contact local real estate agents to get a better understanding of the market and to find out what properties are available. Foreigners are allowed to own property in Rwanda, but there are certain restrictions. For example, foreigners are not allowed to own land, but they can own buildings and other structures. Additionally, foreigners must obtain a permit from the Rwanda Development Board in order to purchase property. Houses in Rwanda typically include basic amenities such as running water, electricity, and sanitation. Many homes also have access to internet and cable television. Additionally, many homes have modern appliances such as refrigerators, stoves, and washing machines.
How do I find a place to live in Rwanda?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Rwanda is to use online resources such as websites and classifieds. Websites such as Rwanda Housing, Rwanda Real Estate, and Rwanda Property Finder are great resources for finding rental properties in Rwanda. Additionally, classifieds such as Rwanda Classifieds and Rwanda Ads are great for finding both rental and sale properties. Additionally, it is also possible to find a place to live in Rwanda by networking with people in the area. Talking to people who already live in Rwanda can be a great way to find out about available properties and to get advice on the best areas to live in," said one expat in Rwanda.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Rwanda?
"Expat homes and apartments in Rwanda tend to be modern and comfortable, with amenities such as air conditioning, internet access, and cable TV. Many expats choose to live in gated communities, which offer additional security and access to amenities such as swimming pools and gyms. Expat homes and apartments in Rwanda are typically spacious and well-furnished, with plenty of room for entertaining guests. Many expats also enjoy the convenience of having a housekeeper or gardener to help with daily tasks," remarked one member in Rwanda.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Rwanda?
If you are thinking about moving to Rwanda, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Rwanda varies depending on the location and type of housing. Generally, housing in Rwanda is relatively affordable compared to other countries in the region. Rent for a one-bedroom apartment in a city center can range from $200 to $400 per month, while rent for a three-bedroom apartment in a suburban area can range from $400 to $800 per month," explained one person living in Rwanda.
Should I buy or rent a home in Rwanda?
If you have not spent a lot of time in Rwanda, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Rwanda, it is important to consider your financial situation, lifestyle, and long-term goals. Buying a home can be a great investment, as it can provide you with a stable place to live and the potential for appreciation in value. However, it also requires a large upfront investment and ongoing maintenance costs. Renting a home can be a more affordable option, as it requires less of an upfront investment and no maintenance costs. However, it does not provide the same potential for appreciation in value. Ultimately, the decision to buy or rent a home in Rwanda should be based on your individual needs and preferences," said one expat who made the move to Rwanda.
What do I need to know when buying property in Rwanda?
When we asked expats what advice they would give a foreigner before buying a property in Rwanda, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Rwanda, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the title deed and any restrictions that may be associated with the property. 4. It is important to have a clear understanding of the local infrastructure and amenities in the area, such as access to water, electricity, and transportation. 5. It is important to have a clear understanding of the local laws and regulations regarding property ownership and use. 6. It is important to have a clear understanding of the local customs and culture, as well as any potential risks associated with the area. 7. It is important to have a clear understanding of the local real estate market and the current prices for similar properties in the area. 8. It is important to have a clear understanding of the local banking system and any financing options that may be available. 9. It is important to have a clear understanding of the local rental market and any potential rental income that may be available from the property. 10. It is important to have a clear understanding of the local property management services and any potential costs associated with them," explained one person living in Rwanda.
Are foreigners allowed to own property in Rwanda?
When we asked expats what advice they would give a foreigner before buying a property in Rwanda, they said...
"Yes, foreigners are allowed to own property in Rwanda. The Rwandan government has implemented a number of reforms to make it easier for foreign investors to purchase and own property in the country. Foreigners are allowed to purchase land and buildings, and they can also lease property for up to 99 years. However, they are not allowed to own land in rural areas, and they must obtain permission from the government before they can purchase property," said one in Rwanda.
What appliances are typically included in a rental?
We asked foreigners in Rwanda what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Rwanda typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, some may also include a water heater, water filter, and/or a generator," wrote one expat who made the move to Rwanda.
Additional Information about Searching for a Home in Rwanda:
We asked foreigners in Rwanda what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Rwanda by looking online for real estate websites that specialize in the area, such as Rwanda Real Estate, or by contacting local real estate agents who can provide more information about the available properties. Additionally, expats can search for homes in Rwanda by attending open houses or by networking with other expats who may have knowledge of the local housing market," explained one expat in Rwanda.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.