The Future Of Real Estate Market In Egypt Is Bright
For two decades, the real estate market in Kenya has grown exponentially as real estate and construction sectors contribution to GDP has been increasing from 10.5% in the year 2000 to 12.6% and 13.8% in 2010 and 2016 respectively. The factors that triggered this growth are:
- Improved infrastructural developments
- Stable GDP at 5.4% (last 5 years)
- Rapid urbanization
- High total return rate on investment averaging 25% compared to 12.4% from traditional asset classes.
Kenya presents a key investment opportunity for investors seeking attractive and long-term returns as:
Office sector is rapidly growing – More and more multinational firms are setting up their offices in the country as Kenya is considered as the leading economic center in Sub-Saharan Africa and is very accessible to East African countries.
Demand for mall space increases – There is a potential for growth of retail sector due to increase in purchasing power, based on growth of middle class. Local and international investors and developers can now take the opportunity to venture into the ready market of shopping centers as top retailers like Carrefour, Burger King, and Adidas have already done.
Residential sector offers also a suitable place to live, work, and play – Like the office sector, modern residential parks are being built in the country to provide an ideal place to live, work, and play for the local population, making it a worthwhile opportunity for investing properties in these places and have it rented.
AMS Africa is confident that the real estate market in Kenya will be a sound choice for investors, so let us be your partner if you want to invest in this country.