If you are a Real Estate investor in Kenya, it pays to keep your eyes on what’s happening in your local area. Just take Nairobi for example, prices of land in Karen or Riverside often out way the house on the plot. The wise investor watches for changes in businesses and amenities that can affect the future equity of Real Estate in the area. There is definitely an opportunity to buy investment Real Estate with either an eye to selling in the future or renting.
Is it now officially a Buyer’s Market? …….who knows the answer to that question.
Nairobi is currently experiencing some of the best Real Estate situations in Kenya, with developers and investors making favourable profits, normally through large apartments or spacious office complexes. But with most cycles a down turn is never far away. However always remember that investors play the long game and usually never commit totally in one project. When the climate changes to a buyer’s market most investors decide to rent property that keeps on putting money in your pocket. Alternatively go for a quick sale and settle for a more modest profit than hoped for.
Monitor local improvements in Nairobi, Kenya
There are many developments and expansions you should be monitoring, shopping centres, popular restaurants, coffee shops, medical facilities, schools and recreation facilities. Keep your eyes opened for deals and be ready to take advantage of them before local improvements drive property prices up. Many pundits say the crash is coming soon to Kenya but honestly the tell tell signs are not there in great enough numbers yet. Most Kenyans are playing a waiting game and that means opportunity in the Market as some sellers will play there cards first.
About the Author
(ArticlesBase SC #1162062)