4 Reasons to buy property for sale in Kisumu
Before you invest in property for sale in Kisumu, there are certain facts you need to know. Kisumu City is the largest city in the Western region of Kenya. Located in the Western part of the country, Kisumu is the third largest city in Kenya with a population of around 500,000 people. It is an inland port city next to Lake Victoria.
Kisumu City is currently one of the places that each investor would want to put their money. If you are thinking of whether to invest in any property for sale in Kisumu, then we are here to encourage to invest. In every market, demand pushes supply and sometimes demand can be projected based on the ongoing developments.
Kisumu City is seeing some major developments which create new demand in the region. In this article, I will talk about four reasons why we think you should invest in property for sale in Kisumu.
New Port in Kisumu means more business opportunities
The three billion Kenya shillings project is one of the big projects that Kisumu City is witnessing. The once vibrant Kisumu Port is headed for good times after the government embarked on a Ksh.3 billion upgrade that will see Kenya Ports Authority construct 1000 capacity container yard as well as an 8.8 million litres capacity oil jetty. This will transform Kisumu into East Africa region’s petroleum export hub.
The upgrade will also see the construction of s ship assembly yard and a dry dock. Upon completion, there will be increased commerce in the region with ships expected to ply Lake Victoria with some ships already assembled.
The Kisumu Port is expected to handle over 95000 tonnes of Cargo by 2022 according to Kenya Ports Authority. The neighboring ports like Jinja (Uganda) and Mwanza (Tanzania) are also upgrading to accommodate the increased business from Kisumu port. Rwanda, Burundi, South Sudan as well as the Democratic Republic of Congo are some other countries expected to benefit from the port.
Organizations will be looking for offices
With at least six countries expected to benefit directly from Kisumu Port, more organizations are likely to come in to benefit from the increased commerce. This will create demand in Kisumu for properties and therefore an opportunity for a property for sale in Kisumu is one which should be considered by any investor.
Some investors are relocating their investors elsewhere because of change of residence or strategy. As an investor, you should always look out for such opportunities so that you better equip yourself to ripe form the growth prospect.
Kisumu is a central hub for Cities and towns around the lake
Though the old governance structure of provinces and districts were abolished, Kisumu still silently headquarter counties in the region. Many counties come to Kisumu for training, benchmarking and planning meetings. Vihiga, Kakamega, Nandi, Homabay, Migori, Siaya and Busia are among the counties that often find their meetings taking place in Kisumu.
This is boosted by the fact that it’s only Kisumu in the entire Nyanza and Western regions that have an international Airport, Kisumu International Airport. All visitors coming by air to the counties in these regions first land in Kisumu before they go to their destinations. This means that you can invest in land for sale in Kisumu and develop a great accommodation facility that can host these visitors.
More foreign investors than ever before
We expect more foreigners especially from Uganda, Rwanda, and Burundi, Democratic Republic of Congo plus other regional countries due to increased business at the port. As an investor, you need to identify what area of real estate you can put your money.
As a real estate company with a national reputational and regional foothold in this area, we understand in deep the region and can advise you on the best way. Scout for property for sale in Kisumu or even land for sale in Kisumu through us. We are here to make your dream comes home.