The Rise Of Kenyan Real Estate

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  • Mar 31, 2023

The Rise Of Kenyan Real Estate


The Kenyan real estate market has grown significantly in the last 20 years, contributing to the country’s GDP, which increased from 10.5% in 2000 to 12.6% in 2012 and 13.8% in 2016, fueled by:

  1. Infrastructure improvements such as upgraded roads, utility connections, and airports;
  2. Consistent GDP growth averaging 5.4% over the last 5 years, compared to the Sub-Saharan average of 4.1%;
  3. Demographic shifts, including rapid urbanization at 4.4% annually compared to the world’s 2.5%, and population growth averaging 2.6% annually; and
  4. High total returns averaging 25.0% compared to 12.4% in traditional asset classes.

These factors have led to distinct trends in various real estate themes as investors seek high returns and buyers desire aspirational lifestyles and quality products.

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