Africa History: [RwandaLibre] Rwanda grapples with low-cost housing crisis

Sunday, 12 January 2014

[RwandaLibre] Rwanda grapples with low-cost housing crisis

Rwanda grapples with low-cost housing crisis

By BERNA NAMATA The EastAfrican
Posted Saturday, January 11 2014 at 15:41

Rwanda grapples with low-cost housing crisis - Business - www ...
Rwanda is facing a housing shortage with developers blaming high cost
of land, building materials and mortgages for a fall in the number of
low-cost

Country requires at least 25,000 housing units every year, but
developers say the cost of land, mortgages and building materials have
made it difficult for more investment in the sector.

Rwanda imports almost 80 per cent of construction materials from
neighbouring countries and overseas.

While commercial banks recently repackaged their home and mortgage
products to make them attractive to buyers, they remain too expensive
for ordinary Rwandans.

"If the mortgage rates can be lowered, we feel the demand is there,
and this will drive massive construction because with the free flow of
labour in the region it is easier to get the skilled people to get the
work done," Mr Dale said.

http://www.theeastafrican.co.ke/business/Rwanda-grapples-with-low-cost-housing-crisis/-/2560/2142584/-/8vrh2a/-/index.html

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***Transmission Time Interval (TTI) on Sunday January 12th, 2014:
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