Insight

New mortgage products could reduce home buyers’ woes

Every working person dreams of owning a decent home some day. However, raising the money to buy or construct your dream house is not always an easy task, especially for the majority of Kigali’s over one million residents.  The biggest challenge for city dwellers has always been that most of the houses on market today are out of their reach as real estate developers target the upper segment of the market. These are people that earn at least Rwf3m net pay a month.  With the city population projected to hit two million in eight years, the situation could only get worse, which calls for urgent interventions to ensure people acquire homes.
Some of the potential home buyers who participated in the KCB property bus tour listen to bank officials at one of they estates the visited. The bank looks to ease access to mortgages for salaried individuals.  The New Times / Athan Tashobya.
Some of the potential home buyers who participated in the KCB property bus tour listen to bank officials at one of they estates the visited. The bank looks to ease access to mortgages for salaried individuals. The New Times / Athan Tashobya.
Times Reporter