Which Opportunities Exist For Foreign Investment In Kenyan Real Estate?

By Soko Directory Team / Published June 20, 2022 | 4:07 pm

KEY POINTS

The vision 2030 of Kenya estimates that more than 80 percent of the Kenyan population will migrate from rural areas to urban areas by 2030, an indication that demand for real estate will continue to increase in urban centers in the coming years. This is an important reason why foreign investors should consider investing in this industry.

KEY TAKEAWAYS

Kenya is a vital business hub and a strategic point of entry into the Eastern Africa market. This fact, coupled with the growing population and the expanding infrastructure, presents excellent opportunities for foreign investors in the Kenyan real estate industry.

Welcome to a series of stories focused on living a more fulfilling life in partnership with Tutadoo. Tutadoo.com is a lifestyle platform for free & paid events & activities. Tutadoo is an easy way for event creators to create, market, & build communities around their events, and for the event, lovers to find, participate & connect with events and activities they love to do.

There is also a large number of informal settlements in Kenya with nearly 61 percent of the people who live in Nairobi, the capital city of Kenya, living in informal settlements. Demand for housing in Kenya is on the rise. A notable undersupply of formal housing in Kenya has been caused by the increased rise of middle-class individuals between the ages of 24 and 35.

Most local investors face a myriad of financial hurdles that limit prospective buyers from owning property. The mortgage market in Kenya has not matured yet; for this reason, foreign investors with strong financial resources can more easily venture into the real estate market than most local investors are able to. Financing is a major concern to the Kenya property developers Association (KPDA).

KPDA admits that most of its members find it tricky to venture into the real estate market due to a lack of funding. Although the association has continued to urge financial companies to open their coffers to prospective homeowners, this plea is far from being implemented. Under the prevailing circumstances, therefore, foreign investors have an upper hand in the real estate market in Kenya.

Demand for housing in Kenya can also be attributed to population growth, demand for executive offices, and warehousing. Foreign investment in other sectors of the economy such as the hospitality industry, construction, supply chain, and manufacturing, among others, have contributed immensely to the growth of opportunities in the Kenyan real estate market. The increase in high-net-worth investors who are venturing into other forms of investments such as shopping malls, hotels, and offices makes real estate a profitable venture in Kenya.

Join a forum to enlighten you on foreign investment in the Kenyan real estate

The opportunities for foreign investment in the Kenyan Real Estate sector forum is an early morning event bringing together stakeholders in the real estate industry and their affiliates.

The goal of the event is to bring together foreign investors and support their exposure to viable opportunities in the Kenyan Real Estate Sector.

Hosted 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 good practices and approaches providing an opportunity for peer learning from other foreign investors across Africa and beyond.

“We invite you to attend the meeting and participate in exploring key challenges and opportunities, including how to ease the effort of doing business in the sector, and, how to leverage Kenya’s position as an economic hub for Eastern Africa.”

Book your space through https://do.tutadoo.com/smDu_sd

Event Details

Name: Opportunities For Foreign Investment in the Kenyan Real Estate Sector

Date: Thursday 23rd June 2022

Venue: Nairobi Royal Golf Club

Ticket cost: 3,000 Kshs

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team