Frequently Asked Questions
Question about selling
Yes, foreigners are allowed to purchase properties in Rwanda. There are legal procedures in place to ensure transparent and secure transactions.
The process involves several steps including property search, negotiation, due diligence, signing a sale agreement, and transferring the property title. It is advisable to work with a real estate agent and a legal advisor to ensure a smooth transaction.
Property buyers in Rwanda need to be aware of taxes such as property transfer tax and annual property tax. Consulting with a tax advisor can provide detailed insights specific to your purchase.
Question about renting
Rental costs in Kigali vary widely depending on the property’s location, size, and amenities. On average, rental prices range from $300 to $2,000 per month, with higher-end properties in prime locations commanding higher rents.
Typically, you will need identification, proof of income, and a rental application. Some landlords may also require a security deposit and references.