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OVERALL SITE PROGRESS
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ON THE SPOTLIGHT
Part II: Challenges Facing Land Investment in Kenya
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Land investment has the potential for great returns. In our previous newsletter edition, we looked at factors that influence land prices in Kenya. The prices of land have been going up since it apparently became clear that it is a non-renewable resource and everyone wants to own one. Consequently, the increased demand for highly productive land has brought about its own share of challenges. This month in the part II of a six-part series, we delve into the challenges facing land investment in Kenya and what you should be cognizant about when prospecting for a suitable land deal.
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DIAMOND RESIDENCES UPDATES
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RUBY BEACH HOUSES UPDATES
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EMERALD CONDOS UPDATES
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DEVELOPERS NOTE
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As far as land investment challenges go, did you know that the land Sultan Palace Beach Retreat rests on was once an abandoned quarry? Well, that was our challenge five to six years ago when we began investment work in developing the next global holiday destination. The villas, townhouses, apartments and all the holiday lifestyle facilities have since been completed; now ready for occupation. However, the villas and townhouses are sold out but we have a few units remaining. In hindsight, we are glad that we were able to transform the land beaches of Kikambala paving way to a vibrant hospitality industry perfect for those looking for lucrative returns on holiday homes. Even so, while challenges abound any effort, the future of real estate investments including land is still poised for strong growth.
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