Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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MugundaMan wrote:https://constructionreviewonline.com/management/best-places-to-invest-in-real-estate-in-kenya/
Nairobi’s satellite towns
In recent years, Nairobi’s satellite towns have stolen the thunder as far as real estate investments are concerned. These include Kitengela, Kiserian, Athi River, Juja and Kangundo Road. Land availability and reasonable prices in these locations – commonly referred to as Nairobi’s bedrooms – are key drivers for developers looking to cash in on the growing middle class. Quote: In a recent interview, Francis Kihanya of Manyatta Investments International, a company that handles Diaspora investments says the drive towards satellite towns is unstoppable as long as land prices within the city continue on their upward trajectory.
“Recently, we have seen more than 60 per cent of Diaspora investments on real estate going to satellite towns. Most of these people are investing in land for the future and not necessarily for current construction needs,” he says. Didn't we say this over 5 years or more ago?
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