Investing In The Kenya Real Estate Sector Will Likely Pay Huge Dividends

By Imani Kimatt

The Kenya real estate industry is one of the swiftest growing sectors of the economy. This is due to the fact that the country is witnessing an appalling deficit of decent and cheap housing. So investing in middle-income home town houses or flats can help to meet this need while also enabling you to smile all the way to the bank. Also, the government has instituted a range of fiscal incentives and tax breaks to encourage investment in low and middle income property.

Choosing tourism-related real-estate investments are one of the surest ways of achieving a positive investment return in the country. Kenya is one of Africa's leading tourist destinations with well over one million overseas travellers visiting each year. Further, the demand for accommodations by business travelers and vacationers surpasses demand. As such, the opportunities for earning a generous return simply by catering for the needs of this discerning segment are really unending.

Bustling cities and coastal towns are patently associated with larger returns on investment. So it is highly advised that when searching for real-estate investment opportunities, you concentrate your search in Nairobi, Mombasa or Kisumu.

Nairobi which has a population of 4 million people doubles as the capital of Kenya but also the financial and aviation hub of the greater East African region. The port city of Mombasa is a prospering metropolis that's also world famous for its soft white beaches. It is no surprise that the majority of the Kenya vacation rentals are concentrated there. Kisumu city is located on the shores of Lake Victoria. The lake is the second biggest freshwater body on earth and the source of the Nile which is the planet's longest river. And the best part is that you do not have to pay the entire price up front. Most property developers will accept a 10-20 % down payment of the selling cost. The remainder of the acquisition price can be subsidized through a mortgage. The majority of the commercial banks in Kenya offer interesting mortgage solutions which make investing in real estate in Kenya attractive for astute investors around the world.

About the Author:

Imani Kimatt lives and works in Kenya. She loves writing about several Kenya vacation rentals and the priceless opportunity these present to see the real, unrehearsed Kenya.