Land is a precious asset and a wonderful investment option if you are looking for ways to make money in Kenya. Buying land for speculation is just one of the ways to invest in Kenya. There are actually many other creative ways you can buy land and turn it into income!
If you are looking for ways to earn money from land, you are in the right place. This guide will explore some of the best land investment options you can explore in Kenya.
Why It is Wise To Invest in Land in Kenya
For starters, it is definitely an excellent decision to buy land as an investment option in Kenya. Well, land is a tangible investment that almost always doesn’t depreciate in value.
It is actually one of the least risky investments with one of the highest returns in Kenya. The population growth trend in Kenya coupled with infrastructural developments and government projects around the country means that land in many places will likely keep accelerating in the coming years.
This is pretty much why investing in land at the moment when prices are still affordable is a wise decision.
What’s The Most Profitable Type of Land To Buy in Kenya?
The profitability of land is generally hinged on an array of factors including the type of investment in your mind.
If you are looking to do small scale farming for example, you will likely go for fertile land with favorable climate like cheap agricultural land for sale in Kikuyu.
Generally speaking, you want to go for plots for sale in areas with good road connectivity, accessible to social amenities and schools, near to major towns/cities and those places projected to grow in population in the coming years.
Once you have found the right property, there are many ways you can turn it into cash.
Here are some of the ways to make money with your land property:
Best Ways to Make Money with land in Kenya
1. Start Farming on Your Land
Agriculture is a major economic activity in Kenya especially in fertile and climate-conducive areas like Kiambu where you can buy cheap agricultural land for sale in places like Kikuyu and start farming.
For example, you can choose to venture into animal or crop farming or both. Animal farming including dairy farming and poultry will give you products like milk, meat, and eggs which are in high demand in urban areas.
2. Lease the Land
Leasing land is another way to make money with land in Kenya. There are many entrepreneurs who need land to start a business.
Leasing them your land can be a wise idea especially if you don’t plan to use your land once you buy.
The key is to get the right leasing terms that are favorable. You can decide to lease at a flat rate or percentage of the profit generated from the economic activity.
Tip: Ensure the contract document is clearly outlined and signed by both parties to avoid future disputes.
3. Develop Your Land
You could also turn your piece of land into a developed or rather more usable land by humans. One of the most profitable ways to develop land in Kenya is by building residential or rental units.
Again, it depends on the location of your land and the demand for the units. This is a great way to make money with your land in the Nairobi Metropolitan areas like Kiambu. You can find cheap plots for sale in fast growing areas like Kikuyu and build good rental units as a long-term investment strategy.
4. Use your Land as a Wedding Venue
Depending on the nature and size of your land, you could also hire out the land as a wedding venue. While wedding organizers desire a breathtaking venue, your land can offer enough space and strategic location.
Again, you will need to assess the market size and find out if there is demand for wedding venues in the area. You can then work on landscaping the land to make the place appealing to impress and attract potential clients. Once the venue is ready for clients, you can start marketing the services.
5. Eco-Tourism and Hospitality
If your land boasts scenic views or is located in an area with rich biodiversity, consider venturing into eco-tourism. You can develop eco-friendly lodges, campsites, or resorts that cater to tourists seeking a unique and sustainable experience. As you know Kenya’s abundant wildlife and natural beauty make it an attractive destination for both domestic and international tourists, presenting a promising opportunity for entrepreneurs in the hospitality sector.
FAQs on Land Investment in Kenya
1. Is buying land a good investment in Kenya?
Yes, buying land in Kenya is a sound investment decision, offering several compelling advantages. As a finite resource with an ever-increasing demand, land in Kenya is likely to appreciate in value over time, providing a hedge against inflation and ensuring its worth in the long run. Also, land can serve as a source of income through leasing or development, generating revenue streams that can supplement your financial goals.
2. Can foreigners buy land in Kenya?
Yes, foreigners can purchase land in Kenya, but they are restricted to leasehold ownership for a maximum of 99 years. They cannot acquire agricultural land.
3. What are the potential returns on land investment in Kenya?
Land values in Kenya have historically appreciated, offering long-term potential for capital gains. However, returns may vary depending on location, type of land, and market conditions. For instance, investing in land with Nairobi Metropolitan areas like Kiambu, Kikuyu, Kajiado, Athi River, Juja offers higher returns
4. How can I find land investment opportunities in Kenya?
There are different places that you can find land investment opportunities in Kenya including online property listings, real estate agents, and local networks can provide information on available land investment opportunities.
Buy Land for Investment in Kenya, Today!
In a nutshell, Land in Kenya offers many ways to generate money with relatively lower risks. Fusion Estates is one of the top land selling companies in Kenya and we are here to help you start your land investment journey in Kenya.
Call us via +254723 97 97 97 or send us an email via email@example.com to start your land investment journey with Fusion Estates, Today!