Extremely cheap real estate in Nairobi, Kenya, a good investment?
Africa is the world’s youngest continent, with an average age of 19.7 years. African population size will increase from 1.3 billion people today to 2.5 billion in 2050 when 1 in 4 people will be African. Many scholars debate whether these projections predict a demographic dividend or a demographic catastrophe. The answer lies in how the continent tackles a myriad of challenges, including climate change, energy poverty, food crises, education, health care, conflict, and the continent’s vast infrastructure gap.
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About the cheap real estate house
Some of the best quality real estate in Africa can be found at very affordable prices. The owner of this house lives in luxury. These houses especially have many facilities which are usually available in all real estate houses.
This house has 3 bedrooms and 3 bathrooms of 100 sq. meters and is being sold at a very cheap price. These houses have fantastic kitchens.
This place is livable like other developed places. You can live very well with your family in these houses. A really nice environment to enjoy.
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About the video
The Wandering Investor channel’s YouTuber travels around the world investigating investment, residency, and citizenship opportunities.
Some of the cheapest real estates in the world can be found in Africa. In this episode, he visits a Chinese-built real estate development in Nairobi where new 3-bedroom apartments sell for $250 per m2. He talks to tenants and potential buyers to gain insight into who the target market is. On the road to development, we can see all the infrastructure works currently underway in Nairobi, Kenya.
This video has 235,061 views with 5.3 likes and 1,664 comments. Click this link to watch the video.
Some of the comments
Some of these comments are given below.
temper44
The interview with the first tenant was awesome. He was very open and content about his living situation. It was quite telling when he was asked if he didn’t have trouble with the traffic situation and the long commute, and he said he doesn’t even consider it. All that matters to him is the safety and security of his wife and two kids at home. That’s a good one, guys.
Damaris Koel
To the content creator thanks for letting the world see the positive side of Kenya.
Dennis Mombo
Wow, I’m in Construction in Kenya, and very impressed with how this guy does his research. Goes to the ground to see whether reality and what is being marketed is true. Very few people are that thorough even in Kenya. I’m impressed
Brian Odongo Christopher
Wonderful and enlightening content as always. Good to see an outsider’s perspective on the Kenyan property and capital investment market. You’d be happy to know that Kenyan law is very flexible in terms of investment structuring from individual investment to structured investment. I’d be pleased to break down this for you further.
Danny N
1st time watching it and greatly enjoyed it. Finally, a channel showcasing opportunities in Africa that can be translated into business speak, risk analysis, profit potential, and yields, for the average investor to make quick calculations. great work & keep it up!
lillie wanjiru
Insecurity is not a big issue as you emphasized in Kenya and as a person living in Kenya, I must correct you on that point. Kenya is quite a safe country, although some places are more secure than others as is everywhere in the world.
Ruby Sailor
What I like about your review and analysis is that it’s impartial, you have no vested interest in the properties and you are drawing accurate comparisons from an established market in Europe and USA. Great piece.
Hermance Fotchine
Thanks for this video! I was planning to go to Kenya in November for a month, to check the opportunities and life there. Economic growth in East Africa is crazy!
TOKYO CHANEL
I like how affordable these projects are but I’m concerned for my brothers and sisters because these buildings are similar to projects in America. I hope this doesn’t play a negative effect on the people that chose to live there and also, I hope they don’t smuggle drugs into the neighborhood, or else it would be like the crack epidemic in the US. Thank you for this video, and great content, and stay safe everyone.
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Conclusion
Despite the political turmoil, Ethiopia and Rwanda are doing quite well in improving the health and living standards of the people. Maybe one day, leaving behind this old poverty and neglected life, Africa will also come forward in the list of the most prosperous countries in the world.
So much interest from US investors in African countries is really exciting. It is through these investors that the economic conditions of neglected African countries can be expected to improve. In the video we saw, these high-quality real estates are a good investment sector.
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