Where most Kenyans living in diaspora are buying land in Kenya

Where most Kenyans living in diaspora are buying land in Kenya

Statistics show that over three million Kenyans live in diaspora, a good number of them are looking forward to settle back in Kenya upon retirement. The real estate industry in Kenya has grown exponentially and below are top 5 areas where majority of Kenyans who are living in diaspora are investing in land in Kenya.

 Ngong

The town’s proximity to Nairobi CBD and Ngong Hills has attracted majority of Kenyans living in diaspora who would like to settle in a serene environment away from the hustle and bustle of the city. Ngong is a bustling town located Southwest of Nairobi and 30 kilometres away from Nairobi CBD. In the last couple of years, the town has undergone rapid growth in all sectors and this has driven up land prices. Ngong town is rapidly becoming another bedroom for Nairobi City residents and it is one of the best performing satellite towns attributed to the ongoing infrastructural developments such as Ngong – Kimuka – Suswa tarmac road, expansion of Ngong Road, the Southern Bypass and Ngong SGR and SGR Station.

Konza

Konza area is the second area that Kenyans in the diaspora have been investing in massively. This Is because Konza City has greatly taken shape and investors who invested are already reaping benefits. Key infrastructural developments have been completed including construction of the National Data Centre, administration block, access roads, power supplies, SGR & SGR Station among others. The Mombasa- Nairobi Expressway is currently under construction and set to will bypass the capital city to branch off just past Konza and terminate onto the Nakuru- Nairobi highway in Kikuyu. This road is set to make access from Konza to Nairobi CBD convenient and this will further open up Konza area for real estate investments.

 Kangundo Road

Kangundo Road is located within Nairobi Metropolitan area giving Kenyans an opportunity to live in Kamulu, Joska and Malaa areas. The anticipated construction of the greater Eastern bypass in the neighbourhood is gradually opening up the area and driving demand for real estate. The completion of dualling of the Outering road has also helped ease traffic between the city centre and Kangundo Road, adding to convenient access as well as the attractiveness of the area. From 2012 to 2017, Machakos County’s land prices have risen by an average of 8.54 per cent a year according to County Land Report. Its proximity to Nairobi, has positioned it as a lower cost alternative for investors especially young professionals.

Nakuru

Nakuru is the fastest growing town in East and Central Africa according to the United Nations. The Cabinet has also approved the Elevation of Nakuru to city status. The county enjoys a rich agricultural wealth that has seen land prices rise by 9.46 percent according to Nakuru County Land Prices Report. Preparations are ongoing at Lanet airstrip in Nakuru for an upgrade to an international airport. The 1.7 kilometres long and nearly 20 metres wide airstrip will be converted and expanded to accommodate large cargo planes transporting horticultural and floricultural products.

Matuu

The town has experienced rapid growth in recent years and it is now one of the largest urban centres in Machakos County. It is mainly an agricultural production area and a great economic hub that enjoys increased commercial activity as it is a key transit centre in the region to other areas including Nairobi, Thika and other parts of Central and Eastern Kenya. The area enjoys infrastructural growth with the recent tarmacking of Kivandini – Masinga Road and the upcoming cement factory according to Machakos Governor Dr. Alfred Mutua. Amazingly, properties in this area are selling with prices as low as Ksh 199,000 despite proximity to amenities such as schools, health facilities, shopping facilities, markets and religious centres.

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