What opportunities exist for foreign investment in Kenyan property?

By Soko Directory Team / Posted on Jun 20, 2022 | 4:07 p.m.

KEY POINTS

Kenya’s 2030 vision estimates that over 80% of Kenya’s population will migrate from rural to urban areas by 2030, an indication that demand for real estate will continue to rise in urban centers in the years to come. This is an important reason why foreign investors should consider investing in this industry.

KEY POINTS TO REMEMBER

Kenya is a vital commercial hub and a strategic entry point to the East African market. This fact, coupled with the growing population and expanding infrastructure, presents excellent opportunities for foreign investors in the Kenyan real estate sector.

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Kenya is a vital commercial hub and a strategic entry point to the East African market. This fact, coupled with the growing population and expanding infrastructure, presents excellent opportunities for foreign investors in the Kenyan real estate sector.

There is also a large number of informal settlements in Kenya, with nearly 61% of the people of Nairobi, Kenya’s capital, living in informal settlements. The demand for housing in Kenya is on the rise. A noticeable shortage of formal housing in Kenya has been caused by the growing increase in the number of middle class individuals between the ages of 24 and 35.

Kenya’s 2030 vision estimates that over 80% of Kenya’s population will migrate from rural to urban areas by 2030, an indication that demand for real estate will continue to rise in urban centers in the years to come. This is an important reason why foreign investors should consider investing in this industry.

Most local investors face a myriad of financial hurdles that prevent potential buyers from owning a property. The mortgage market in Kenya has yet to mature; for this reason, foreign investors with strong financial resources can venture into the real estate market more easily than most local investors. Funding is a major concern for the Kenya Property Developers Association (KPDA).

KPDA admits that most of its members find it difficult to venture into the real estate market due to a lack of funding. Although the association has constantly urged financial companies to open their coffers to future owners, this advocacy is far from being implemented. In the current circumstances, therefore, foreign investors have the upper hand in the real estate market in Kenya.

The demand for housing in Kenya can also be attributed to population growth, demand for executive offices and warehousing. Foreign investments in other sectors of the economy such as hospitality industry, construction, supply chain and manufacturing among others have contributed immensely to the growth of opportunities in the Kenyan property market. The increase in the number of wealthy investors venturing into other forms of investments such as malls, hotels and offices is making real estate a profitable business in Kenya.

Join a forum to enlighten you on foreign investment in Kenyan property

The Foreign Investment Opportunities in Kenya Real Estate Industry Forum is an early morning event bringing together players in the real estate industry and their affiliates.

The objective of the event is to bring together foreign investors and support their exposure to viable opportunities in the Kenyan property sector.

Organized by the Kenya Professional Realtors Association, this event will: Provide an overview of trends and opportunities for foreign investment in the Kenyan real estate sector and share best practices and approaches providing a peer learning opportunity from other foreign investors to across Africa and beyond.

“We invite you to attend the meeting and participate in exploring key challenges and opportunities, including how to facilitate the effort to do business in the sector, and how to leverage Kenya’s position as a hub. economic turning point for East Africa.”

Reserve your space via https://do.tutadoo.com/smDu_sd

Event details

Name: Foreign Investment Opportunities in the Kenyan Real Estate Sector

Date: Thursday, June 23, 2022

Venue: Nairobi Royal Golf Club

Ticket cost: Ksh 3,000

About the Soko Directory Team

Soko Directory is a Financials and Markets digital portal that tracks brands, NSE-listed companies, SMEs and trendsetters in the markets ecosystem. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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