The east African factbook clearly states that in its
opinion Kenya is a ‘Central and eastern Africa success story’, and the
government of Kenya is keen to expand on the country’s success and have
announced the implementation of a seven year plan for the economic expansion of
the country.
To this end they are actively encouraging international
real estate investors and those looking for a retirement or second home
overseas to come to Kenya and explore its exciting and affordable property
market.
The Kenyan real estate market is one of the most exciting
in Central and eastern Africa right now as a direct result of the Kenyan
government’s commitment to promoting the property sector. With the implementation of a series of tax
breaks and investment incentives available to overseas real estate buyers the
success of the Kenyan property market is practically guaranteed.
For those looking purely for real estate investment
opportunity, Kenya offers two main angles for property investors to explore: -
Firstly as the natural beauty of Kenya proves an
irresistible draw for more and more travelers and those in search of the
perfect getaway, so the demand for rental and hotel accommodation in Kenya is
on the increase. The supply of quality
accommodation in Kenya cannot meet current demand and this situation is likely
to deteriorate as the popularity of the country increases. The government is well aware of this fact and
is keen to attract those wishing to develop specifically for the tourism
market.
Secondly Kenya is becoming increasingly popular with the
soon to retire USA and other westernized countries baby boomers who are
actively seeking an affordable and attractive location in which to retire. Because Kenya enjoys relatively low crime, is
neutral, has a relatively high standard and low cost of living it is gaining a
reputation among pre-retirees as a must-consider destination. There is therefore room for the development
of real estate to suit this particular market or for the purchase and long term
lease of real estate to this market.
This particular group of people also represents a strong resale demand
for those who buy now, improve property and intend to resell in the medium term
to release gains accrued.
The real estate investment climate in Kenya is hot right
now with the government working flat out to attract sustainable foreign direct
investment – those interested in making a move should consider committing to
the market sooner rather than later while it remains a buyer’s market and
before opportunities for the strongest investment gains are eroded by increased
levels of investor awareness and interest.
Browse through www.Kenyan-real-estate.com for
more exciting tips.
No comments:
Post a Comment