Buy land in Nyamasaria for a variety of ventures that land in Kisumu offers

There are certain areas that have a unique ability of supporting numerous investment opportunities and Nyamasaria is just one such area. Located alongside the busy and recently completed Kisumu-Nairobi road, Nyamasaria location has cut a niche for itself as an ultimate option for investors to pitch tent in land in Kisumu. Recent statistics provided real estate firms demonstrate that Nyamasaria has one of the most enquiries for land to purchase. The once dormant area has caught the eyes of investors, both local and foreign who are now rushing to have parts of plots in an area that is slowly transforming into a town by itself. In fact, Nyamasaria residents find no reason of going to town as they can buy all they require inside the estate, whether it is food, supermarkets, restaurants, hotels or clubs.

Its strategic location (along the main road) makes it to be a possible commercial hub. With commercial ventures already taking place in this particular location, this is a clear indication of the potential vested in this region. Nyamasaria boasts lots of businesses including Ukwala supermarket, Royal city hotel, plus a petrol station. There are a number of other small enterprises inside the area that happen to be doing quite nicely. With the big number of pieces of plots still found in this prime area, this leaves room for setting up of more business premises.

Many more are finding Nyamasaria a fantastic destination to reside in. This calls for construction of more rental units to fit the increasing number of persons seeking to inhabit this area. There's demand to stretch the estate to the neighboring Kasule and Manyatta estates due to the reason that the area is growing too small for residents.

This growing number of residents implies that there is pressure on the available social amenities like dispensaries, hospitals, schools. This is certainly another opportunity for a scheming investor to build such facilities in Nyamasaria and immediately take advantage of the high demand versus the low number of these facilities. A hospital for instance would be considered a most welcome idea and can certainly be highly embraced by local homeowners. More schools too ought to be built to accommodate the rising number of children within the area who need learning facilities. With regard to these, there is also the demand for more hostel facilities and not to mention institutions of higher learning. The neighboring Kisumu polytechnic plus the Nairobi university branch situated in megacity are tertiary institutions with a number of students in dire need of hostel facilities and Nyamasaria is a viable place to offer these accommodation facilities because it is the nearest estate to these institutions.

Nyamasaria estate, just like most available land in Kisumu is exceedingly ideal for farming activities along with cattle keeping. Previous residents have still maintained these practices and even some newcomers embracing agriculture which is doing very well in Nyamasaria.

I'd therefore urge any investor in search of an investment opportunity in land in Kisumu to give Nyamasaria a chance.

A look at tourism in relation to lands for sale Kakamega

Kakamega is found in the Kakamega County which is in the western part of the Country. It's a formerly the headquarters of the now defunct Western province. The area is well known for its farming activities but recently, tourism has dawned as an economic powerhouse in lands for sale Kakamega. The tourism industry in the area lately emerged as amongst the major contributors of the region’s gross domestic income, alongside other vital sectors such as the real estate, fishing and of course the predominant agricultural sector.

Kakamega takes pride the legendary Kakamega forest which offers unique wildlife and scenic beauty. This is a suitable place for tourists who are into bird and butterfly watching. It is solely because of the wide variety of bird and butterfly species that the forest has (300 and 400) species respectively. Additionally, the forest has 27 species of snake, in excess of 350 species of trees and 7 primate species including Debrazza monkey, white and black colobus monkey and vervet monkey.

There is also the Kakamega national reserve which is situated in the Lake Victoria basin. It offers a range of rare species of wildlife and a great scenic beauty. The Kakamega national park offers another tourist spot site within the area. The crying stone of llesi is yet another significant feature which will strike you in this region. It's a stone resembling a human being, perpetually in tears from head to feet. The parable surrounding this peculiar stone amongst locals only adds flavor to its existence. This certainly is one feature you cannot just ignore while visiting this interesting area of lands for sale Kakamega.

The tourism sector within the region is set to receive a major impetus as a result of the formation of Kakamega Forest Ecosystem Tourism Association (KAFETA) that is a culmination of efforts by Nature Kenya to put together the stakeholders so to market the region as an ecotourism destination. The body seeks to diversify tourism within Kakamega forest and western Kenya as a whole. Its main functions include though are not limited to the following:

Protection of environment

Income generation

Promotion of tourism activities

Marketing of sustainable tourism activities

Preserve and conserve the natural and cultural heritage of the Kakamega forest ecosystem

Promoting domestic tourism

These activities are set to ensure the tourism sector within the region grow by a big margin as it is set to give the sector the incredibly helpful impetus to further steer its growth. Thus the County is set to generate more income. With these set up, Kakamega is set to become a major economic hub in western Kenya and even within the entire Country at large.

Any keen reader would surely have noted that every of these tourism activities will most probably have built a dire need of major hotels to be constructed in the region for the purpose of accommodating the increasing range of tourists in the region; which is still set to rise with time

How to become successful in Kenya real estate investment

Becoming a successful investor in Kenya real estate requires being able to find good real estate investment deals and putting them together. This can only be achieved by employing the services of professionals.

You must learn how to appraise and find the true value of real estate. This information will help you make better investment decisions. Realtors, appraisers, and banks determine what a property is worth by looking at comparable sales usually three to five sales of similar property that has recently sold in the same neighborhood. You must be able to do the same or alternatively look for journals about properties and their prices.

Getting a list of comparable prices of properties  bought or sold and when they are sold-for the neighborhood you need information about, and asking active Kenya real estate investors in your area what the market is like will be helpful in making a better investment decision.                                                                                                                                                                                                              

It is also important to note that there is no such thing as an ideal real estate market for investing. It tends to be more difficult to find bargains in rising markets if the market keeps rising, the probability of selling the property quickly for a large profit increases. In contrast, when property values are falling more bargains become available. It is wise to place yourself on the right side of the bargain in this aspect. You need to be able to assess the true value of properties based on when you expect to sell. Your purchase must be made at a good enough discount to allow for a profitable sale at a later date.

Ensure that you have a little leverage over other investors by acquiring properties at the lowest possible value. Leverage is very important for investors because the less cash you put down on each property the more profits you are likely to realize. You could also sell at a slightly lower rate than the competitors hence attracting more clients. If you are a long-term Kenya real estate investor leverage will work in your favor if the markets in which you invest appreciate in the long run and your income from the properties can pay for most of your monthly debt.                                                                                                                                                                                                            Strategize to limit risk as they can plunge you into huge debts.

Get necessary information about your local real estate market first by understanding the large scale trends from global down to national regional and specific neighborhoods. This will help you minimize risks. Learn about target neighborhoods with the help of successful real estate investors in your area along the way. Real estate investors can help you interpret market indicators such as the average length of time houses have been on the market this month versus last month or last year. With this information it will help you make better investment decisions.

It is important not to guess the future of a local real estate market; you need to have a clear plan in mind when purchasing property. As a real estate investor you must know exactly how you will sell the property before you buy. And have a backup plan or two in case the first course of action doesn't work. You must know your market and your plan before you begin to invest. With these put in place, you are likely to enjoy working in Kenya real estate.

Major factors that affect the sale of lands in Kenya

Land is a very precious commodity in Kenya considering that its value is always appreciating with time. As such land continues to elicit both positive and negative reactions among different members of the Kenyan society even contributing to some of the worst tribal clashes in the history of Kenya. More people are jostling and fighting for land through dubious means and even forcefully evicting members of different tribes from their rightfully owned lands. There are various cases of land grabbing by the mighty members of the society of the society. This gives real estate agents a hard time in the course of their work of selling lands in Kenya.

Negative ethnicity or rather tribalism in the local dialect is the biggest threat to sale of lands in Kenya. The Country has experienced ethnic clashes over time since independence over land related issues. These clashes have led to loss of lives, multiple reported rape cases, forceful eviction and increased animosity and mistrust among members of different tribes in Kenya. Our national leaders have not been of any help as they are the same people who usually fund and fuel these animosities for personal and selfish gains. The result of this is a scared people who are not willing to venture outside their comfort zones i.e. out of their tribal lands. Most people would rather buy property within the precincts of their ancestral lands for fear of tribal attacks if they buy property in other tribally unfriendly zones. This eventually slows down economic progress by a significant margin since loaded investors are not able to invest in places of their choice and sometimes they are forced to let go of very prime lands.

There is an urgent need for government intervention in this crucial matter. Stringent laws should be put in place to deal with perpetrators of ethnic violence and cleansing that take place in Kenya from time to time. It is important to stress and see through to it that any citizen of Kenya is able to buy land and settle in whichever area he/she chooses to so long as due procedure is followed in the process of land acquisition. Leaders who fuel ethnic propaganda should also be held accountable to their actions. In addition to this they should be forced to vacate office immediately such allegations are brought against them.

Real estate agents in Kenya also face the hurdle of sibling rivalry in the process of their work. This may seem like a small matter but on a broader perspective, no transaction can take place until the wrangling parties come to an agreement. This is because either party usually rushes to court to stop the buying process from going through. When this happens, the court puts an injunction stopping further transaction until the matter is put to rest. This immensely affects the sale of lands in Kenya because the aggrieved parties may take ages to sort out their differences.

What makes Kenya real estates best suited for investment?

Kenya has long been and yet still remains among the finest places in East Africa and in Africa at large for investment. The state goes on to attract foreign investors with its fertile lands and other viable opportunities. Kenya real estates sector has recently left a mark as among the most attractive investment opportunities in Kenya catching the attention of both local and foreign investors.

A number of factors are at play in the Country’s economic and real estate standing. Highlighted below are a number of the factors that make Kenya really glowing in terms of investment and economic development;

Enhanced security- Security is among the things which any business person should have guarantee on before beginning an investment venture. It is because when there’s an outbreak of robbery attacks for instance, the target is often businesses. Fortunately, Kenya real estates have always worked hard along with the concerned stakeholders so that they can enhance security, for better and smooth running of their investors’ businesses.

Improved infrastructure- Investors always prefer setting up businesses in places which are easily accessible for through so, they are able to reach their clients with much ease. Improvement of infrastructure in Kenya has always been in process and this has always given a green light to investors that the entire infrastructure is a thing being worked on.

Accessibility to land and commercial premises at fair prices- Kenya real estates always ensure to give their properties and land to their investors at reasonable prices. This is mainly to captivate and pull each of them to put their finances back in the sector. This, for a good period of time has enabled them work so well with their investors because of the good and established rapport. Owing to this, a large number of investors are always recorded yearly to have invested in the real estate sector.

Support from the national government- The full support made available by the government of Kenya has immensely helped the growth of real estate industry in Kenya. The support is in various ways including improvement of infrastructure so to enable easy transportation of goods in and out of the country plus within the country. Another different way can also be by enhancing security and as well by leasing out lands to be rented by the investors at lesser costs. Alongside the support by the government, the sector has also received support from the citizens, who've always provided support by giving themselves for variety of services needed by the investors, helping in beefing up security among many other supports.

Flood of investors- here’s another point to take into account that makes real estate rank top in the list of top ranked sectors. It is the continuous flow of investors who are initiating businesses in the Country. The large number of investors arriving for businesses in the Country has led to lots of developments, hence making the sector record the high profits.

These are a number of the factors that contributed to the upper ranking of Kenya real estates plus the consequent inflow of more investors.

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.