Get quick bucks by investing in Kisumu property for sale
Kisumu property for sale is set for a major boom going by the current trend whereby the prices of property are doubling after every two to three years.
Increased operations of Non Governmental Organizations in the area have given the lakeside town a new lease of life by creating employment to a number of residents and even outsiders. This has created an increased demand for vital services like housing facilities and banking services and other social amenities like hospitals and schools. The employment opportunities provided by these NGOs has seen a number of foreigners coming into the city to settle down, sometimes with their families. But with barely enough modern housing facilities even for the locals, these people sometimes find it difficult to get decent housing in the area. This is a great area for property developers to shift their attention and develop structures to accommodate the growing number of population in Kisumu.
The transformation of Kisumu airport into an international airport means that the airport can receive regular international flights. This has greatly changed how investors view this region because the international airport comes with improved business activities. This has further made Kisumu property for sale more attractive to investors.
The transport sector will be further buoyed by the planned billion dollar rail investment from Kisumu through to Nairobi and Mombasa and goes all the way up to Uganda. All these act as subsidy to the Lake Victoria which is majorly used for shipping fish and for cargo transit.
Kisumu has over the years achieved a lot in terms of development; improved road networks, improvement in electricity supply, better supply of clean and fresh water through the Kisumu Water and Sewerage Company (KIWASCO) and improved communication networks.
With this infrastructure in place, Kisumu is set to benefit from general investments such as training, food programs funded by international donors, health, science, jobs and education.
Areas like Riat have emerged as the place of choice for investment for the high and mighty Kisumu. From this area you can have an aerial view of the city and Lake Victoria.
Improved business activities in the region have resulted into more demand for more commercial buildings and apartments. Commercial buildings are where there is good money in Kisumu property for sale. Property developers can either build large commercial complexes and immediately re sell them for a quick buck or construct one and rent out for a monthly check.
Rental units too can do well in Kisumu property for sale, especially with the increase in population of the working residents. This is another lucrative area where you can never go wrong as a property developer or as a landlord because there can never be a time when people will cease to be in need of rental units in Kisumu. Under this there is also the option of building and re selling for a lump sum at once or renting out and collecting rent every month end.
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