If your plan is to secure your financial future, construct your dream house or generate a steady stream of passive income, then buying the right piece of land is definitely a smart move. But what exactly makes land such a fantastic investment option in Kenya? Well, let’s dive into the reasons why land investment Kenya is a clever choice.
What Is the Land Appreciation Rate in Kenya?
One of the main reasons land is such a rock-solid investment is that it tends to go up in value over time. Land in Kenya , especially in the areas close to the major cities, has been showing some serious growth.
Take satellite towns around Nairobi or rather, places Kitengela and Kikuyu which are now fast becoming land investment options. In fact, more and more people are now looking to live outside the hustle and bustle of the city’s immediate environs.
This demand has pushed land prices up, making it a super attractive investment.
A recent 2024 land appreciation study shows that the value of land in these Nairobi satellite towns has been increasing by as much as 10% each year. That’s huge! It turns land into an asset that just gets more valuable with time, especially in the rapidly growing parts of the country.
How to Know if a Piece of Land is a Good Investment
It’s worth noting not every piece of land is a good investment! So, how do you pick the right one?
Here are some tips to help you make the best land investment kenya:
- Location: The golden rule in real estate! Invest in areas that are growing fast, like Kikuyu, Kitengela, Machakos and the likes. These are the places that are likely to give you the best value for your money.
- Infrastructure Development: Check if there are plans for or existing developments like roads, schools and shopping centers. These are the kind of things that make an area more appealing and can really boost the value of your land.
- Legal Documentation: Make sure the land has all the right papers and isn’t caught up in any disputes. Make sure the land you intend to buy has a clean title deed.
- Future Prospects: Think about what the area might look like in the future. Will it attract more residents and businesses? This can really affect the value of your land down the line.
Here is our detailed guide in how to buy the right piece of land for investment in Kenya
Is It Good to Take a Loan to Buy Land in Kenya?
Now, what about taking out a loan to buy land?
Well, it can be a brilliant idea if you’re buying the right land in the right place. If you’re confident the land will increase in value or you’re planning to develop it soon, a loan can help you make that investment. Just make sure you have a solid plan to pay it back and that the land’s future worth will be more than what you’re paying in interest.
Lots of savvy investors are using loans to buy land in high-growth areas because they know the appreciation will cover their loan costs and then some. In places like Kikuyu and Kitengela, where the land value is skyrocketing, a loan can be the perfect way to jump on the investment train.
Wrapping Up
So, is land in Kenya a good investment? Absolutely! It’s a stable and promising way to build your wealth. With land appreciation values shooting up and great potential for the future, it’s a no-brainer. Whether you’re interested in satellite towns or rural areas, now’s the perfect time to invest.
Give us a call at +254 723 97 97 97 or send us an email at sales@fusiongroupafrica.com to explore our affordable land investment options in Kikuyu, Kitengela and other growing locations to start off your land-ownership journey!
