As
the real estate market in Kenya takes a nose dive, alternative investments like
Diani beach Kenyan Real Estate could keep you afloat and in the sun! In times
like this it’s good to have an alternative to futures, options, and hedge
funds. The real estate market in Diani is said to be one of the most stable in
south coast region of Mombasa. It has been quietly booming for a few years and
is expected to continue on its path.
What
makes Diani beach Kenyan Real Estate such a promising investment?
About
15 years ago, you could buy a piece of land 50 meters from a beach of powder
white sand and aqua blue water for Kshs.900,000 and it would be worth more than
Kshs.45,000,000 today. There are still investment opportunities like this
available in undeveloped coastal areas, and up and coming trendy tourist
destination. Although there are fewer than in the past, steals like this can
still be found.
But
more importantly, foreigners continue to move to Diani, bringing their savings
with them. Many are retiring or buying a second home, some are retiring young
and some are coming to do business. There are several reasons for the influx.
Property is cheaper than in the other counties in Kenya, as is the cost of
living, and a familiar standard of living can be maintained with the added
benefit of beautiful beaches.
Furthermore,
in 2010 the baby-boom generation will start to turn 65 and retire. Baby-boomers
will retreat from their failing retirement plans and insufficient Medicare
system and move to independent retirement in the sun. Diani will become the new
Florida of the US, and you can already see the retirement developments going up
and banking services for transferring Medicare checks.
Real
estate has always been a great investment in terms of providing cash flow,
assets and tax breaks. With the US market in the dumps, Diani offers the
opportunity to invest in a new growth market, in a country with a stable
economy, and a friendly foreign policy. Diani beach Kenya real estate is an
excellent alternative investment offering high returns with low risk.
For
more visit www.kenyan-real-estate.com
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