How August 2022 Elections in Kenya will impact the Real Estate Market in Nyeri County.

With voting patterns expected to change in the upcoming general elections, Nyeri is one of the counties that commands large voter registration and high turnout when referred to the last general elections conducted in August 2017. These huge figures attract various political aspirants in the region. We want to see how the numbers bargain for the people in terms of the share of resources from the government and how it may impact the real estate market in Nyeri after the August polls.

Contents hide

1 Facts about Nyeri

2 Places to visit in Nyeri

3 Nyeri Town

4 Related Posts.

5 Estates in Nyeri

6 Nyeri Real Estate Market

7 Hotels in Nyeri

8 Roads in Nyeri

9 The construction sector in Nyeri

10 Conclusion

Facts about Nyeri

Nyeri is known worldwide as it hosts the tomb of Robert Baden Powell, the founder of the Scout movement. It is also home to the late Nobel laureate Wangari Maathai who was one of the greatest activists in Kenya championing forest conservation. Nyeri is located in the former Central Province of Kenya about 153km North of Nairobi.

It has a population of about 759,164 people according to the 2019 census and its headquarters is Nyeri town. The county is strategically placed in the fertile and densely populated highlands with Mt.Kenya lying to the East and Aberdare lying to the West. Nyeri County is bordered by Kirinyaga County to the East, Nyandarua to the West, Muranga to the South, Laikipia to the North, and Meru to the North East. The county consists of 8 sub-counties and 30 wards.

Places to visit in Nyeri

Nyeri County boasts a number of tourist attraction sites that have led to the flocking of tourists into the county. Some of the best places to visit in Nyeri include the following:

National Museums of Kenya-Nyeri Mesuem
Baden-Powell Information Center and Museum
Chinga Dam and Waterfall
Italian War Memorial Church
Nyeri Hill
Aberdare National Park
Mau Mau Caves
The Giraffe Ark

Nyeri Town

The area where Nyeri Town stands was a large part of an uninhabited forested area. The town began from a military activity from 1902 to 1905. A fort was built there surrounded by a deep defensive ditch leading to the present name of the central area of Nyeri Town.

Transport connectivity is well established in Nyeri Town as it has a well-tarmacked road network within the town which also connects to neighboring towns. It also has a railway, Nyeri Airport, an airstrip at Mweiga, and an airstrip at Nyaribo. Minibusses and saloon cars are a common mode of public transport within the town. Nyeri Municipal Council is one of the four local authorities in Nyeri Town with Mutahi Kahiga as the current Governor of Nyeri County.

Estates in Nyeri

Nyeri has a high population density which has led to high demand for housing and the establishment of estates hence a boom in the real estate market. Some of the estates in Nyeri include the following:

Balozi Estate
Kimathi Estate
Chania Estate
Majengo
Bluevalley
King’ong’o

Nyeri Real Estate Market

Some of the factors driving real estate investments in Nyeri are:

Devolution as it has opened Nyeri town attracting government institutions such as Davis & Shirtliff.
Former Central Kenya Regional headquarters as it is centrally located and borders over 5 counties in the Mt. Kenya Region thus attracting both local and international companies.
Relatively high income in terms of GDP per capita.
Tourism
Growth of Small and Medium Enterprises
Improving Infrastructure

As we head towards the general election, the real estate market in Nyeri faces some challenges such as lack of structured planning regulations, inadequate infrastructure, demand for residential units, and unavailability of development land. These are issues that need to be addressed by those seeking elective posts.

Perceived as his stronghold as we head towards the polls according to InfoTrack polls. DP William Ruto has promised the residents of Nyeri a review of the tax laws that may lower the operating expenses of firms at large. This may motivate potential investors to venture into the real market. He also promised the farmers reduction in the cost of fertilizers and the elimination of brokers when selling their produce. If implemented, this will lower the cost of production and increase incomes in the commercial real estate of the agricultural sector.

On the other hand, ODM leader Raila Odinga has promised farmers in the region subsidies which if implemented will lower the production costs of coffee. He has also promised cheaper loans for investors which may increase mortgage financing if implemented.

Hotels in Nyeri

Due to high tourism activities in, there has been an increase in hotel accommodation facilities which are shaping the real estate market in Nyeri. Some of the best hotels in Nyeri include:

Eland Safari Hotel
The Peak Meadows
The Trumpet Inn
Kuniville Guest House
The Ark Lodge
Legacy Gardens Nyeri
Thayo Place
Adorable Ring Road Guesthouse
The Hillbrow

Roads in Nyeri

Nyeri County Government set aside sh.450 million that would be used to upgrade 250 km of roads across all the 30 wards in March 2021. This has opened up remote areas for real investments and property developments.

Also, a 30 billion highway is linking Nairobi to Nyeri. Stretching through Kenol, Sagana, and Marua in Nyeri County, the dual carriageway will connect the Northern Corridor to Thika and Nairobi, with the ongoing Lamu Port-South-Sudan-Ethiopia-Transport (LAPSSET) project. According to the project report, about 1.15 million people will benefit from the upgraded highway with beneficiaries being mostly farmers, manufacturers, and traders.

The construction sector in Nyeri

Some of the ongoing projects in the county construction of a modern cinema theatre at Wangari Maathai Arts and Cultural Center in Nyeri town and the rolling out of dairy machinery for small-scale dairy farmers in Kieni.The above-mentioned projects will significantly promote economic growth in the region which will, in turn, spur the real estate market in Nyeri. The question left is whether elected leaders from the grassroots to the national level will ensure the completion of the mentioned projects after the polls.

Conclusion

The county’s population is high in need of settlement which rises the demand for housing. This is actually a big fish to the real estate available in the area county. The need for housing is market to the real estate companies both in the county and all over the country. West Kenya real estate ltd is an all-in-one real estate that provides construction, management, property letting, property sales, and property valuation services all over the county at affordable prices. You can contact us at info@westkenyarealestate.com or SMS, call, or via WhatsApp (+254789217685/+25424481087). You can also visit us in our offices in Kisumu or Nairobi.