Are Apartments a Yes or a No?

Business
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It looks like a lot of developers are building high-rise luxury apartments in Nairobi.

Is there a market for them? I was reading about how Centum went down but it looks like they’re back. How are the apartments they built in two rivers mall and are they worth it?

I wouldn’t buy one but surely there’s something they know that I don’t. I hate apartments but one look at the location and it’s a really good deal I think.

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As an investor ama tenant?

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Apartments are ok if you are a member of MGTOW gang…mimi nimezoea kucheza futa na kijana na kuchoma nyama na marafiki so apartment siwezani

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Mkuu vipi

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Easy part: Mortgage an apartment then lease it to a tenant.
Hard part: The rent you charge should: be reasonable for the tenant, cover the mortgage AND return a worthwhile profit.
So no. Unless you are rich enough to mortgage multiple apartments, no. Don’t bother with apartments. It should also go without saying that leasing an apartment is not a smart financial decision.

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Sometimes there is not much choice. Most people cannot afford Standalone Units in a reasonably ideal location. That leaves apartments as the only option…

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I think such apartments in leafy suburbs are most ideal for people in the diaspora who just need to have a place to go to once they fly in ; away from nosy relatives

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As a tenant. Apartments for investment are a bad idea. I see how an apartment makes sense for someone from the diaspora who needs a place for privacy reasons instead of having to stay with relatives

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Kwa mtu ako diaspora it makes sense. These are people coming in for three weeks or so na hawataki kukaa na nosy relatives

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For folks in diaspora, who are used to living in squeezed apartments for top dollar, they’ll not think twice investing in high end apartments in kenya.
For the locals, investing in apartments doesn’t make a lot of economic sense and would rather live in an old asbestos roofed house in Wangige than a modern apartment with all amenities available

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Imagine ununue apartment lavington alafu munashare balcony na pharmacy. Ananyambanyamba usiku kwa mlango yako

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Have been to any apartment in Lavington ama ni kelele ya 150 inakusumbua

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They know something that you don’t, they know the masses are unenlightened, heads hit by a donkey.