The Craze For Commercial Investment Has Seen Investors Scrambling For Land In Kisumu

With the unemployment rate standing at eight million people who are eligible for employment in Kenya, majority of Kenyans have come to the harsh reality that white collar jobs are not easy to come by anymore and therefore many youths are going the business route as a way earning a living. With more people joining the business world in Kisumu, the demand for commercial buildings have reached an unprecedented high with the demand exceeding the supply. Many investors have spotted this viable opportunity and have been rushing to occupy land in Kisumu.

Kisumu lands are up for grabs for anyone keen on engaging in any investment venture like commercial investments, rental units or even farming. However, with commercial buildings being on demand and also capable of fetching a lot of money in a short while, it has grabbed the attention of most investors. What therefore makes Kisumu land for sale suitable for commercial investment?

Most lands are freehold: Most lands in Kisumu are freehold. This means it goes at a very affordable price. It also means that the moment you buy it, you become the absolute owner. This will also be the case with the title deeds, as you’ll be issued with them immediately you finish paying for it. This is however contrary to a leasehold land, which will require some additional land rates payments. Kisumu lands also have clean documents, so you really can be sure it is a genuine land as well.

 Strategic location: Kisumu is a strategic town with a lake view and an international airport. This makes it prime for any type of business to thrive. It does not matter the kind of business you may want to operate, it is suitable for whichever kind of business ranging from 5 star hotel business, a health care facility, a supermarket, a financial institution or even a learning institution.   

Enhanced security: Security is paramount where there is any type of business going on. Every investor including even the small businesses, want to do business in a secure place. This is because whenever there’s insecurity, it is the businesses that are always targeted so as to be looted and vandalized.  

Easier process of land acquisition: One thing with land in Kisumu is that the moment you finish its payment, it is directly transferred to you by the owner as it then belongs to you. The entire process of acquiring it is also very straight forward as you will deal with very genuine agents. Many times, many have fallen into the hands of fraudsters who in turn took off with their money.

Good infrastructure: Both transport and communication networks are up to date making business in the region more efficient and easier. This has helped to attract more people to start businesses in the region hence necessitating the need for more commercial ventures. With good infrastructure in place, land in Kisumu is set to be the next big thing in investment.