WHY NAKURU

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REAL ESTATE OPPORTUNITIES IN NAKURU 

A few days ago i visited the City Of NaxVegas ( NAKURU)

Its one of Kenyans Newest City and comes with Immense opportunities.

Lake Nakuru National Park, just a three-hour drive from Nairobi in the Great Rift Valley of southwestern Kenya, boasts an abundance of wildlife and spectacular landscapes. 

Think black and white rhinos, lions, leopards, cheetahs and hippos occupying euphorbia forests, acacia woodlands, savannah grasslands and rocky escarpments around a shallow, alkaline lake.






















7 best real estate business ideas to get started in the property market 


Real Estate

Real Estate has been proven to be one of the most profitable investment opportunities currently available in Kenya with relatively low variability of returns. It involves the purchase, ownership, management, rental and/or sale of real estate for profit.

Why invest in Nakuru County


However, things are about to change as Nakuru County is poised to become the next great investment destination.

Recent survey findings by various institutions show Nakuru is rising to become the most preferred region by investors.

In September this 2022, results of a survey released by the Institute of Economic Affairs showed that it is easier to start a business in Nakuru town compared to five other populous urban areas.

This was mainly because of a reduced tax burden that has made the county more attractive to investors.

The study gave the county an overall score of 89 in the tax sub-cluster followed by Eldoret (78) and Machakos (67).

The bottom three in the category were Kisumu (64), and Nairobi and Mombasa (56).

The county saw its land prices rise by an average 12.7 per cent in 2017, according to the County Land Price Report, 2018.

To cap it all, the potential of the county as the next investment distinction is captured by the World Bank Survey of 2015, which showed Nakuru County gross domestic product per capita at $1,413, which was the fourth highest in Kenya after Kiambu, Nyeri and Kajiado.

The Commercial Real Estate
These properties are used solely for business purposes and an investor (developer) usually owns the building and collects rent from each business that operates within the structure. Sometimes, the developer could build for outright sale and subsequently appoint a facility manager. 














Some of the major categories of commercial real estate include:

·         Ultra-modern malls and event centers

·         Office buildings

·         Recreational Centers

·         Concessions including Roads, bridges, Free Trade Zones and ports

·         Hospitality

·         Restaurants & Fast-Food Outlets 

We estimate that 60% of global investment in real estate is in commercial real estate.

The Residential Real Estate
This type of properties is meant for living purposes. Shelter, it is said, ranks second in the hierarchy of human needs; being most important after food. 


Available statistics show that majority of the total household population in Kenya lives in rented apartments. This fact, no doubt, makes Kenya a viable investment destination for local and foreign investors, given the mammoth size of her population.




Industrial Real Estate
These properties are used for manufacturing and production. Usually involves the construction of warehouses and factory floors. This sector of the industry is not so robust in Kenya, due to the current low level of manufacturing activities in the country.

Overview Of the Kenya Real Estate Market
In the past year, private equity firms have taken Africa’s real estate market by storm with millions of dollars in investments, especially in the commercial and hospitality sectors.

The growing interest in the Kenyan market is as a result of huge demand buoyed by increasing urban population and changing shopping culture among the expanding middle class, which has resulted in the construction of numerous shopping malls.

Click: www.optiven.co.ke/properties

Growth in the sector has also been enhanced by the entrance and expansion of new and existing multinational companies in sectors such as ICT, oil and gas, retail merchandizing and finance. Discerning developers have focused on the construction of high-end residential houses, commercial developments as effective demand has been strongest for these groups of developments. There has also been an encouraging increase in the construction of flats and condominium –type house, to aid affordability.

Outlook
The Kenyan market remains attractive as there are numerous opportunities available in the sector. There are opportunities for both institutional investors and real estate developers. We have identified viable opportunities in the following segments of the market for the immediate term:

·         Hospitality;

·         Shopping malls; and

·         Office blocks

·         Serviced flats, AirBNBs, etc

Read This Post:  MUGO MUNENE: MEN OHH MEN... ...........  WHEN TO START

For More Real Estate Ideas:


SMS/ CALL/ WHATSAPP: +254708459336

DON"T WAIT TO BUY LAND, BUY AND WAIT FOR APPRECIATION.


James Ploti Quote: " Land Manufacturing company closed down"


Comments

  1. Anonymous25 January 2023 at 00:26

    Amazing Property 👏

    ReplyDelete
  2. Anonymous25 January 2023 at 02:19

    Nakuru is definitely an investment hub

    ReplyDelete
  3. Anonymous25 January 2023 at 05:59

    Always in love with your writing skills especially in business blogging. Nakuru county is indeed rated by the current surveyors as one of the counties that has immense business opportunities for investors. Can't just sit pretty and wait for the purchasers to have their shares with optiven as I watch without taking any substantive action. Am now out of the cocoon.

    ReplyDelete

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