Property Prices in Kigali, Rwanda

Index Info
Price to Income Ratio: 322.78
Mortgage as Percentage of Income: 5,534.69%
Loan Affordability Index: 0.02
Price to Rent Ratio - City Centre: 128.07
Price to Rent Ratio - Outside of Centre: 340.65
Gross Rental Yield (City Centre): 0.78%
Gross Rental Yield (Outside of Centre): 0.29%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 657,142.86 RF 350,000.00-1,250,000.00
Apartment (1 bedroom) Outside of Centre 400,000.00 RF 250,000.00-650,000.00
Apartment (3 bedrooms) in City Centre 1,271,428.57 RF 800,000.00-2,800,000.00
Apartment (3 bedrooms) Outside of Centre 600,000.00 RF 350,000.00-900,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,763,351.61 RF 251,797.51-4,645,113.34
Price per Square Feet to Buy Apartment Outside of Centre 2,554,812.34 RF 1,393,534.00-3,716,090.67
Salaries And Financing
Average Monthly Net Salary (After Tax) 360,000.00 RF
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.50 15.00-18.00

These data are based on 60 entries in the past 18 months from 10 different contributors.
Last update: June 2024

Sources and References
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1 Comments so far
Anonymous on Jul 04, 2021:
Why is it cheaper to buy inside city than outside makes no sense