Last news

BUSINESS

Malindi top for real estate business in Kenya

Land and buildings, time for investments

25-01-2021 by redazione

Leading Real Estate agencies in Nairobi have ranked Malindi second overall, after Nanyuki, for the desirability of its land and as a possible real estate investment of the near future in Kenya.
"Place of development for residential and business holidays" was the reason why more and more Kenyans are looking at the coastal town as a new frontier for buying houses and plots. Unlike the now over-subscribed Mombasa with its populous holiday suburbs such as Nyali (now a town in its own right) and Bamburi Beach, Malindi still has vast areas in the immediate hinterland, but also in the strip from the road to Mombasa to the ocean, all in need of development. This will hopefully bring development but at the same time inevitable deforestation. However, there are also areas of just scrubland and coral rock that could benefit from housing projects.
One of the changes that has brought Malindi into the consideration of local investors is the construction of new paved roads that branch out into the suburbs and former villages behind the town. Thus some decentralised areas, such as Kwachoca, Kaoyeni and Takaye near the airport or Ganda and Kakuyuni on the Tsavo road, are no longer seen only as "shamba" situations, i.e. for agricultural development only, but also as new residential frontiers, even bordering on social housing. In short, the enlargement of Malindi may lead to the design of a new suburb, perhaps even less degraded than the Nairobi or Mombasa model slums, also to maintain its identity as a place for holidays and meetings.
What are the prices, another aspect that attracts investors?
They range from 10,000 euro per acre (about 4,200 square metres) upwards, for the immediate suburban area.
Typical plots of land for building a private home measure a quarter of an acre, the classic 1,000 square metres, and sell for 4,000 euros or more. Clearly there is a profit to be made from splitting up the land.
Another aspect that makes Malindi the place of choice for investment in the sector is the availability of land for sale and the property titles attached to it. This is also due to the presence of foreign residents who have in the not too distant past started the process of obtaining title deeds to secure their investment and have now decided to sell their properties.
There are always plenty of bargains in Kenya's online agencies concerning Malindi and its environs. Examples ranging from western villas in Malindi city from 150,000 euros to 300,000, up to simpler solutions but in quiet and safe areas that go down to 60-70 thousand.
As for flats and cottages in groups of houses in the working-class neighbourhoods of Malindi, with 25 thousand euro you can buy them, although that kind of solution is particularly managed by renting (from about 100 euro upwards).
For those who are planning to sell or buy, in short, the time has come for Malindi to attract. For information on how to properly advertise the sale of your business in Nairobi and Kenya, you can write to info@malindikenya.net.

TAGS: case malindiimmobiliare malindiinvestimenti malindireal estate malindi

by redazione

by Freddie del Curatolo

Bringing joy and education to the outskirts of an African town is both a pleasure and a heartfelt need...

READ ALL THE ARTICLE

by Leni Frau

by Massimo Santolini

by redazione

by Freddie del Curatolo

30 million euro ready from domestic and foreign investors to launch industrial projects in Kilifi County.
This was announced by Governor Amason Kingi on the sidelines of the conference on the economy Kilifi and investment in the county, which closed yesterday...

READ ALL

The second issue of "What's Best in Kilifi County", produced by the Italian graphic art studio Artemysia and co-ordinated by us at Malindikenya.net, has been released in recent days, in collaboration with the Kenya Tourist Board, THR, Kenya Airport Authority...

READ ALL AND SEE THE MAGAZINE

by redazione

by redazione

The buffalos of the savannah with their majestic dignity and the verve of perennial pissed off, but ...

READ ALL THE ARTICLE

On Malindikenya.net we told you about the genesis and the path of the football academy of ...

READ ALL THE ARTICLE

Put on an Italian summer evening in Malindi: what can't you miss? Good food, good...

READ ALL THE ARTICLE

It is time for property investments in Malindi, considered one of the most advantageous and...

READ ALL THE ARTICLE