Most reasonable places to purchase a home - Land market

International property consultants Knight Frank are pleased to introduce the first edition of the Kenya Property Report. In Queensland, they are primarily in the South West (including Ipswich area and outer west) and South (Stapylton, Yatala), set against a background profile of the country’s economic status and structure, together with an assessment of the operational characteristics of the Kenyan real estate industry. An exact valuation of area is basic for theorists, contract banks, buyers, move down arrangements and merchants of veritable property of area.

This report is designed to be of interest to both domestic and overseas occupiers, developers and investors and places particular emphasis on Nairobi. The publication of this report coincides with the opening of Knight Frank Kenya – a joint venture between First Chartered Securities and Knight Frank.

Headquartered in Nairobi, Knight Frank Kenya offers a complete range of agency, professional and consultancy services to the East African real estate market. This is well above compound growth over the last five years, which has been 7% with the assistance of the Directors of Knight Frank’s East African operations.

Following recession in the early 1990s, the Kenyan economy has expanded steadily through this decade. However, in line with the increased weight of investment dollars in the industrial space and strong growth in the transport and logistics sector experienced around four years ago, when plans for the M5 were announced four years ago (delete), investment commenced well prior to completion of the road.

Powerful forces of change have and will continue to shape the Kenyan social and economic landscape. Multi-cultural demo -graphic growth, rapid urbanization and infrastructure overload represent major challenges to the authorities. Regardless of political complexion, the completion of the Elections late last year should ensure administrative continuity.

Successful investment in Kenya is predicated upon the ability to understand a complex and dynamic commercial and cultural environment. To attract such investment, the authorities must demonstrate stability and cohesion.

Real estate is a dominant investment medium in Kenya with ownership an important collective and individual objective. Asset weightings are as high as 25% and more. This partially reflects the positive returns associated with retaining developed assets in recent years.