Rank: Veteran Joined: 4/1/2009 Posts: 1,885
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NewMoney wrote:NewMoney wrote:Ms Mkenya wrote:Are there any apartments available for sale in Nairobi for the 3.5 - 5.5M budget and are not con jobs?
Mainly for rental income. In the 3.5-5m range you can get a studio apartment in Kileleshwa, Kilimani, Valley arcade area which can rent for 30k, and even more if you put it on airbnb A good portion of new buildings under construction have them especially those done by the Chinese developers. When passing by a construction site just pop in and ask .. The studios are always the first to sell-out. Note that, the price for off-plan is usually the same as the final price at the end, the only advantage of buying early is you will have more options for choosing the size and position of your unit since it is a matter of first-come first-serve. hii mambo ingine ya wakenya kujifanya apartment ina appreciate after construction ni artificial appreciation which gets corrected by the market sooner or later, never buy into such @mugunda my argument about new york studios and Nairobi were completely different statements, let me excuse you for being too slow in following my thought process. Valley arcade studio today is 30k, a few years ago it was probably half that (i.e SQs since studios have only started popping up now), in the future, the sky is the limit and to prove it I gave you an example of New york studios just so that you understand that studios are not just a 'local' phenomena. Let those with eyes see and those with ears hear hao wengine we can't help them indeed. infact if one does airbnb they would make more money from such studios. I know of at least four people making about 90k a month per studio with studios in kilimani area. the most important thing is the location. then your network is the next important one. you can't get such from kitengela/kajiado. kitengela/kajiado is a great investment area for a smart investor but not the only one. mungundaman unfortunately comes across as very one track minded. he's like the proverbial man with a hammer - everything is a nail to be hammered in.
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