The Specifics of Real Estate Market in Kenya

Kenya is among leading countries of the Africa continent. Its rapid industrial and business development attract the attention of many investors all over the world. That's why the real estate market in Kenya is in its prime.

What should you know about the specifics of real estate in this country? Let's get it out.

The Geo Matters!

Kenya is a large country with its megalopolises and small villages that look like hundred years ago. If we talk about investments in real estate, there are two profitable locations to buy a property. The first one is, no doubt, Nairobi, the capital of Kenya. Nairobi has become a real business center and one of the world's most developed cities. It is full of modern hi-raise buildings and business centers. It has first-class hotels, shops, restaurants and an elegant International Convention Center.

One more city of Kenya worth the attention of a future investor is Mombasa, the former capital of the country. Today Mombasa is a large city with an abundance of beaches. This is a famous world resort with beautiful nature. There are almost no old buildings left here. The few houses that have survived in the center are designed in the Arabian style: with carved front doors, staircases and balconies. The modern seaport in Mombasa is the second-largest African port after Cape Town. Today, all Kenyan exports pass through it: tea, coffee, leather and cotton.

What About Real Estate Items?

Real estate market in Kenya offers lots of options. Here are bungalows, cottages, apartments, maisonettes, townhouses, etc. Here you can find luxurious colonial-style estates with their own farms on huge plots, and modest houses in Kenyan villages. Their choice and location are far more interesting than buying apartments in metropolitan skyscrappers or hi-rise constructions.

When seeking for real estate for sale in mombasa, be aware of some specific traits of local real estate.

·         The bulk of new real estate objects is gathered in Nairobi and Mombasa.

·         If you want to buy smth exclusive, take a look at a new district in Nairobi named Tatu City. It's first residential properties were available in 2012 and in 2021 it will be fully handed over.

·         When seeking for a mansion for you and your family with the highest-class floorplanning and construction, take a look at houses for sale in Mombasa. Here, a wonderful climate and overwhelming sights are combined with active business life.

·         Real estate prices in Kenya are not high. The majority of transactions are held for the property from $120.000 to $250.000.

·         As Kenya is an agricultural country, you can invest ina full-fledged farm here. Flower plantations, coconut gardens, bananas plantations – all these are available for sale along with households or mansions.

Despite its affordability and exotics, the real estate market in Kenya needs from the investor to be careful. It's necessary to check out the location of a house you want to buy if it's not a suburb. Also, you may need to check out roads condition in the neighborhood, electricity and Internet supplying, And it's essential to put attention to legal registration of the transaction as in Kenya, it is a sore spot. To do this, it is better to deal with a professional real estate agent who knows exactly all the peculiarities of a local real estate market.

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