Real estate investments to boom—Riepa

The real estate investment sector is expected to grow with help from the expertise of mortgage brokerage firm Amani Holdings, Rwanda Investment and Export Promotion Agency (Riepa) says. Charles Haba, the firm’s General Manager, said Amani Holdings offers specialised services for real estate promotion and also addresses financial constraints faced by the public who intended to acquire dream houses by negotiating deals with financial institutions. He added that the firm has a partnership with financial institutions, estate developers, surveyors, and constructors that ease their efforts. Against that backdrop, the Director General of Riepa, Francis Gatare, said having a specialised firm in the business enhances growth as citizens’ dreams come true.“With the firm’s specialties in advocacy, advisory, property management and consultancy, it’s expected that the real estate sector will have a cluster development,” Gatare said. Jackie Mutesi, the DN International Sales and Marketing Manager, said since working closely with Amani Holdings, business has increased in the last month. “They have brought buyers, advised us where necessary and made considerable developments on our properties before the buyer takeover,” Mutesi explained. The considerable developments here include finishings such as paint colours, furniture and gardens. With more than 25,000 units needed annually to address the housing shortage countrywide, the government formulated an urbanization and town development policy in 2006. According to the 2006 Urbanisation Report from the Ministry of Infrastructure, the policy is supposed to take into consideration the country’s existing conditions such as limited land area and the anticipated objectives for national development in Vision 2020. Gatare said this is a commendable initiative for the sector’s investment promotion in the country. Rwanda is currently growing its potential for real estate investment. This has seen real estate developers in the likes of Dubai World, the United Arab Emirates investment arm, Global Village Investments, DN International and the government pension body, the Social Security Fund, attracted in the sector. Ends

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Real estate investments to boom—Riepa