Invest in Nairobi Property for High Returns
Posted by PARTIK on June 7th, 2016
enya’s real estate sector is in a state of surge with the early push having come in the mid to late 2000s. The demand really started galloping after international businesses started focusing on Kenya. Capital Nairobi is East and Central Africa’s top business and financial centre.
Located on the east-central African coast, Kenya is flanked by the Indian Ocean. This hottest business hub of East Africa has strengths like connectivity, immense natural beauty, incredible scenic charm and abundant wildlife. They have made real estate investment Nairobi a big bet in Africa.
Nairobi’s skyline is dotted with prominent buildings including City Hall and the Parliament Building.
Many skyscrapers jut and jag across the skyline. Most of them belong to multinational companies. One of the iconic buildings is the Kenyatta International Conference Centre.
Uhuru Park, Central Park, University Way, Moi Avenue, Haille Selassie Avenue and Uhuru Highway surround the CBD.
Nairobi’s property development is driven by global forces. The Wealth Report by real estate management company, Knight Frank has placed Nairobi as the fastest-growing real estate market in the world, edging past Miami and Monaco.
Large estates can be found all over the city mostly in west Nairobi at Langata, Karen, Parklands, Westlands, Hurlingham, Milimani and Nairobi Hills.
The fast-growing middle class is also pushing numerous housing and apartment developments as in Greenpark where 5,000 apartments, houses and villas have come up alongside commercial centres.
The retail market of Nairobi has outgrown the city precincts and expanded to Mombasa, Kisumu, Eldoret and Nakuru.
Kenya's property sector is also graced by the expanding tourism sector fuelling real estate investment in commercial game lodges. Among the coastal properties investing in retirement homes, holiday resorts and commercial ventures can fetch big returns.
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About the AuthorPARTIK
Joined: May 15th, 2015
Articles Posted: 291
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