Opportunities in Real Estate

Real estate opportunities are visible all over Kenya. Turn around where you are sitting; open you bright eyes and you’ll most likely see one. After all, real estate experts will confirm to you that housing units developed annually in Kenya average approximately 30,000 units and this is way below the demand of around 150,000 units. So, just go ahead and cater for the deficit. The other day we had a chat with a buddy of mine and we concluded that there is so much for all of us; we cannot exhaust opportunities in housing people.

How about speculators? Obviously when you hear rumours about some upcoming road, it is time to move in. But many people wait until there is tarmac for them to buy. That time, investors are busy taking their profits. Just like in the stocks, buy!

Just a few upcoming roads you may have heard about:

1.     Greater Eastern bypass ….it is past design stage so it is just a matter of sourcing funds and starting the project. I have not enquired from that KURA guy on the latest.

2.     LAPPSET corridor. Need I say more…Lamu, Isiolo, Meru and many other areas.

3.     There is this road from Ngong to Mai Mahiu via Suswa. Sometimes back I went to those sides, up to some 50kms inside from Ngong and I can assure, there is cheap land upto 50k per acre those sides. Try that and you will definitely enjoy massive appreciations. By the way, when the bulldozers land there, you will be surprised to find the price of an acre shooting to 500k.

4.     They are also upgrading the Syokimau Katani road…

5.     Meru and Nakuru by-passes. Did u know that Naks is the fastest growing town in Africa?

6.     Around Konza, the ICT city

7.     By the way, Kisumu is another hotspot serious need for houses.

The opportunities are rather too many. By the way, if you have any interest in these infrastructural developments, visit http://www.kura.go.ke/index.php

And by the way in real estate we got so many other businesses that one can get into:

1.     You know sometimes am shocked at the kind of bills I receive from the Hardware guy every week. Massive opportunities here especially in places where developments are upcoming.

2.     Transport of Ndarugu stones, foundation stones, ballast, sand and what have you. By the way, did u know that for a single lorry of Ndarugu stones, the transport takes more than 50% of the entire cost?

3.     Contractor business?? Most large scale developers engage contractors

4.     Metal fabricators are also in huge demand…

I cannot exhaust the available opportunities in real estate, not in a single posting. If you are business minded, surely you can fit somewhere. More in the next post.