by Dorothy Okhako Anangwe
January 29, 2024
Benefits, Buying Land, Did You Know, Kenyan Real Estate, Real Estate
02 Mins

4 Reasons Why Kenya is a Favorable Real Estate Investment Market

As individuals seek to diversify their investment portfolios, the real estate sector is increasingly becoming a popular investment option. Investors are seeking to build generational wealth through owning diverse properties, securing their future by having retirement homes and increasing their source of revenue through renting out or selling real estate properties.

Investing in the real estate sector has been proven to be a wise financial decision, as it provides predictable cash flow, excellent returns, tax advantages, and diversification that can help in building wealth, and an even wiser decision when you choose to invest in the Kenyan market that highly values the sector.

Photo businessman protecting paper cut out house with hand

Are you wondering whether to invest in the Kenyan real estate sector? Do you wish to invest in the Kenyan real estate sector but are unsure? Well, below are some reasons why you should choose to invest in Kenya:

Government policies and regulations

The relaxed Kenyan regulatory environment ought to encourage you to invest in the Kenyan market. The Economic Survey 2023 explains how the number of buildings that were approved by the Nairobi City County increased by 58 per cent in 2022, paving the way for increased real estate investments. There have also been efforts to push for the implementation of the Sectional Properties Act which can be used to clarify and regulate ownership of apartment and office units that have increasingly taken shape in urban areas. As an investor looking to invest in the Kenyan market, such regulations should help you cement your decision.

Infrastructure

The country’s great infrastructure, road and rail systems, which extend as far as the remote areas provide access which is a good incentive for real estate developers seeking to tap into such areas. These infrastructures are enabling real estate players to attract more and more people seeking to move away from the hustle and bustle of the city. Safaricom Investment Co-operative’s Olpajeta Ridge in Nanyuki is an example of a remote area with graded access roads that is greatly attracting investors.

Financial benefits and prestige

As the Kenyan population grows, there is increasing demand for land and houses in the Kenyan real estate market. This demand points to the opportunities in the Kenyan property sector. The Kenyan real estate sector offers numerous opportunities to reap financial benefits, from being able to rent out that house, offer Air BnB services, conduct commercial agriculture, to even being able to sell that piece of land which has increased in value, therefore giving you great returns on your investment. Furthermore, owning your own piece of land or house increases your level of prestige in a society that values ownership of land and homes.

Diverse investment options

Do you wish to invest in agricultural land, a commercial property, or a rental property? The Kenyan real estate market offers a variety of investment options such as rental and commercial properties, real estate investment trusts, and land, which cater for investors’ needs. The provision and availability of different options to choose from is an encouragement to the investor who needs to diversify their real estate investment portfolio and benefit from different avenues.

Are you convinced to invest in Kenya? Safaricom Investment Cooperative offers you real estate properties worth investing in. Visit https://sic.co.ke/ to get in touch with your investment partner of choice.