Kenya is a country that’s known for its beauty and natural resources, but it’s also one of the fastest growing economies in the world. The real estate market in Kenya is booming and this means that there are plenty of opportunities for investors looking to make money from owning property. However, there are also some risks involved with investing in this market. If you’re planning on buying land or apartments before they go on sale then you need to be aware of what these risks are so that you can mitigate them as best possible before making any decisions about investing in real estate in Kenya.
Is it a good idea investing in real estate?
Real estate is a good investment because it can help you save for the future, diversify your investments and hedge against inflation, currency fluctuations and other risks that may affect your portfolio.
Does it matter where my property is located?
Location is key to real estate success. The right location can increase your property’s value, as well as its appeal to prospective tenants and buyers. The wrong place could make you lose money on your investment or even prompt an eviction from the landlord if they find out that they’re not getting enough rent from their properties in the neighborhood.
Here are some things you should consider when deciding where to locate your home:
- Price – It’s important that you choose a good price for your property so that it’ll sell quickly (or at least within a reasonable amount of time). If there isn’t enough demand for housing in this area due to low population growth rates, then people won’t be able to afford buying homes here either! It will also affect how quickly these products are sold on marketplaces like open houses/auctions websites like e-bay etc..
- Rent – Renting out units while they’re still being built would mean less money spent on maintenance costs such as electricity bills during construction stages thus saving up money towards building materials needed later down stream when completion date comes nearer after completion phase has been reached successfully with minimal setbacks encountered along way due lack thereof.”
To summarize everything above, there are many factors that go into choosing where to locate your home. If you’re interested in learning more about this topic, check out some of our other articles on real estate trends and how to find the best locations for investing in real estate.
Kenyan Hotbeds for real estate activities
Real estate activity is increasingly popular in Kenya. As a result, there are now more than half a million real estate transactions each year, which means that it’s not uncommon for people to have their own homes or apartments bought by someone else.
This fact makes Nairobi and its surrounding areas the most popular places for property investment in Kenya. Although these areas are expensive compared to other parts of the country, they’re also some of the safest places you can buy property: crime rates here are low and taxes low as well. Mombasa lies somewhere between these two extremes; while it isn’t as safe as Nairobi, it’s still cheaper than most cities when considering both costs related to housing (rent) and taxes on properties owned by foreigners (land)
While real estate can be a good investment and an opportunity to build wealth, it is important to understand the risks involved. For example, if you’re planning to buy a property in Nairobi or Mombasa, be sure to do your due diligence before buying into the market. If you are looking for something else entirely then there are other options available such as renting out an apartment or house instead of owning one yourself.