Category: Kenya real estate
The beauty of Kenya Real Estate market lies in how it has evolved and what lies ahead. Before the new constitution which came into effect in 2010, the picture of Kenya Real Estate Market could be analyzed by looking at the then provinces.
How?
We had 8 provinces in Kenya namely; Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley and Western provinces. During the period of the province, the growth in Kenya Real Estate was largely dictated by the status of a place and their perceived support to the ruling party. Nairobi, Mombasa and Kisumu were the only Cities and so the City status drove growth in those segments of Kenya Real Estate. Nairobi is the capital city led the pack and Kisumu came last due to the perceived inclination to opposition politics.
The birth of 47 Counties
With the coming of the new constitution in 2010, the Kenya real estate market changed for good. The new 47 county governments came with the new drive to attract investors and grow their regions. Nine years later, there are a lot of positives to pick from the existence of the 47 counties. These can be seen in the form of;
New road networks opening up towns, estates, market Centre, villages
More investors at the county level
More construction projects to host county governments and their staff
More police posts and station hence revamped security.
Apart from the original three cities that were driving Kenya real estate, i. e Nairobi real estate, Mombasa real estate and Kisumu real estate, there are also new frontiers for Kenya real estate market championed by the counties. Places like Machakos, Kajiado, Narok, Kakamega, Eldoret and Nakuru are the new frontiers of Kenya real estate growth. construction company in Kenya
There are more to write about Kenya real estate growth but perhaps a better look can e achieved if analyzed county per county.