Am I the only one who thinks that land speculation has outlived its usefulness? Sometimes, I seriously question the intelligence of anyone who buys land (especially around Nairobi), in the hopes of reselling it at a “profit” five years down the line. Most gullible Nairobians are buying land at its future value and still expect to make a return. It is a norm to see land in the middle of nowhere, with no electricity, infrastructure, water or development on site selling at hundreds of thousands or millions e.g Juja Farm. The era of buying land and waiting for its price to appreciate is long gone. It is all fun and games until you try to sell that land and realize that the prices that were being mentioned are hot air. Bottomline: Unless under very unique situations, buying land anywhere near Nairobi is not a wise idea if your expectation is for it to appreciate so that you can sell it later. It only makes sense if your plan is to build on that land and unlock its value. If your plan is speculating, it will take a long time because you just paid the actual price of that land in 2022, today. Occasionally, you might be lucky to get a greater fool, but this is a rarity.
It’s a gambling nation, bro. You’re preaching sobriety to passed-out junkies. Good luck.
Kwanza they are now targeting young people wa 20’s
I am slowly beginning to think that investing in anything for capital appreciation alone is a dumb move.
…land appreciation is secondary.
Land purchase postpones your present gratifications (liquid cash is tempting).
The same can be used as collateral if need be in future.
So technically, you use land as a means of savings…which is not wise because if you need the cash, you will have to take a loan. Indeed, the bank will loan you your own money. How is that wise (paying interest on your own money)???
I agree but don hate tha player.pple got money my friend.
wow
Read " if need be"
Advertisements all over by land selling companies means the demand is dwindling. Chema chajiuza
The most foolish of them all is the one buying land because his age-group is doing so.
It’s been over 10 years of people calling it a bubble. Wapi? People have money to spend, pole sana my friend.
Hapa Diaspora, 99% of folks coming from Kenya to talk about investments back home are always selling land.
Watu weko na bidii sana , it’s a rich fishing ground, kama wewe ni land broker.
Let’s revisit this issue after two rivers and that other mall (roselyn mall its called, I think) are up and running. Utaona vile bei za area ya ruaka zita peperuka
this party will go on forever…the population is growing, increased investment from foreigners(mukesh ambani etcs)…plus people just want to be in the “city” where you can live work and play…Demand is not slowing down at all it’s only taking longer to close down deals but people with exceptional pieces of estates for sale will definitely make a mill. a ridiculously high number of Kenyans still believe that land is the safest form of investment fueled by unending chants “buy land they don’t make any more of it”
Population is increasing and land shall not cease being an asset, wewe endelea kukaa hapo waiting for the bubble to burst utangoja hadi Yesu arudi
You buy a plot at 300K. You sell it for 3Million after 10yrs. The buyer builds rentals and makes 3Million in less than 6 months
Talk of the monkey trader in a monkey infested village.
Manufacturing is the way to go, just come up with innovative and practical products.
“Instead of buying land and sitting on it hoping to reap big from it after a few years, it is better for people who buy land to add value to it to make it more attractive, then sell it for a profit.”