Inasmuch as they do so well compared to other sectors in
Kisumu, properties Kisumu real estate have to deal with wide range of
challenges now and again in their endeavors. However much the sector strives to
become the highest, these challenges suppress its efforts until it becomes so
difficult for it to breakthrough.
Below are some/Here are a few of the challenges that the
sector faces, that make it damn hard for it to thrive.
Land acquisition- the entire land acquisition process takes
a time frame. To begin with, meeting the agent to take you for viewing, get the
documents for purposes of conducting the search is expected to take another
longer time. Another thing that again may take a large part of your time and
effort is the search process itself. These processes, being cumbersome, after
everything else derail the growth that would have already been in Kisumu city
and county in general. Poor infrastructure- poor infrastructure gives rise to
inaccessibility by say investors. The moment the infrastructure is poor, it’s
evident that investors will not consider having to put up projects in that
particular place since individuals will never be able to access. Though when
the infrastructure is useful, it is undoubtedly apparent that there will be
establishment of businesses in the entire county. Overvaluation of
properties-when properties are overvalued, investors in turn shoot the costs
high, forcing those keen on purchasing the properties to part with a large part
of money in order to acquire the desired property. This has greatly affected
properties Kisumu real estate sector as people also do not purchase properties
due to the increased prices. Decrease in support from the County government-
the county government has a role to play in the development of properties Kisumu
real estate sector. The problem is, it isn't playing its role in helping
develop the sector. Amongst the major ways in which the county government can
help up the sector is simply by constructing good and accessible roads,
constructing sewers lines and also in financial aids. As an alternative of
offering a helping hand in this, the county government has taken a back seat
and this has totally taken aback the sector. High cost of building
materials-high costs of construction materials is yet another huge challenge
that properties Kisumu real estate is facing. When the construction materials
are costly, the investors, both local and international will most definitively
be forced to go hard on their pockets so as to have the quality and most recent
materials. It is evident that with this, they’ll definitely put high charges
upon the properties, but this won’t be any favorable to individuals who have
the intention of buying the properties, hence, won’t buy them. What impact does
that have on the sector? It basically curtails its progress and in the end, the
sector just remains in the same state. Read more about this at <a
href=\"http://www.westkenyarealestate.com\"
data-mce-href=\"http://www.westkenyarealestate.com\">www.westkenyarealestate.com</a>
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