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Foreigners whose countries similar land prices are 10 times.
Families of corrupt Garissa County officials, specifically from Hajj’s clan from Ijara.Wamekuja wakajazana Mvita
Somalis from Somalia laundering their donor money in Mombasa, specifically Nyali
Kenyans being hyped into buying plots in Mombasa and construct AirBnBs leading to the sector being flooded. Specifically Bamburi
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There is a part of Thika we told relatives to start finding a buyer the moment highrises poped up in their estate.They sold the place at inflated prices ,sasa wako those controlled developments in Tigoni. The counties around Nairobi and Mombasa have zero controls when it comes to even segregating commercial from residential and industrial, leave alone upgrading existing infrastructure. Nilisema ata wakati nilipata nyumba Athi River, the moment the Chinese came and randomly started building a factory in the literal middle of where two estates meet. Niliuza mbio!
Now the people who are still there may get Silicosis because of the amount of fine dust from whatever they use when cutting glass there in addition to noise.
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Na wa Naijo
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I don’t understand what you said up here
Investment in land vs investment in interest generating assets
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It is land that appreciates, not buildings on it. The price of land will keep increasing while that of apartments will decrease especially with the oversupply of apartments. Best investment is a house with own plot coz value of the land will always increase. You cant create more land but you can create more apartments by building taller apartment blocks. So demand vs supply dynamics will favour land.
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Meffi post
@Landlord and @GERALD9949
You’re partially right but like you said, there’s no more land being manufactured. Similarly, there’ll be no spaces left in Westlands, Kilimani and Kileleshwa to put up more apartment buildings.
When that time comes, construction will come to a sudden halt. Population increase will then create demand for these units as nobody wants to live far away from work. Prices will shoot up like nonsense similar to western cities like Perth, Sydney, New York, London, Vancouver…….see what happened to Cape Town.