Investor · Nashville, TN · Member since 2016 · 15 posts · 1 vote
Anyone with experience investing in East Africa? I lived in Rwanda for the majority of 2009-2014 and considering a move back. If the move happens I'll be looking to invest in real estate. Would like to meet others who may be familiar with the system, market and procedures there.
Investor · Nashville, TN · Member since 2016 · 15 posts · 1 vote
2y
I realize it’s been a while since I posted here. Will try to answer everyone’s inquiries in one post.
I had two plots of land in Rwanda and sold them during covid around 2021. I wish I had kept them because land is appreciating very fast there, especially near the new airport as @Benjamin Timungwa has said. There is a plot I am looking to purchase now which is situated just next to it overlooking the new runway.
Rwanda is certainly going to grow in the years ahead, although it is difficult to finance deals there with local funding (banks, etc.) due to the rates. Last I checked around a year ago they were 13-18% for a 20 year mortgage!!! BUT, many developers are building new homes and selling for under $100K. If you’re looking to do a rental property it may be difficult, but not totally impossible.
I love Rwanda and will continue investing there into the foreseeable future. The future is very bright.
Specialist · Dallas, TX · Member since 2019 · 7 posts · 1 vote
5mo
@Raina B. I've invested in South Africa and Nigeria, as stated by others there is tremendous upside but unfortunately there is a challenge financing or drawing equity out of the assets. What is your primary goal for Rwanda?