Why Kisumu real estate provides a big opportunity for investment

Kisumu city presents a vast opportunity for investment. This is seen in the various developments in the city, which ranges from the improvement of infrastructure, the expansion of companies and the intervention of the county government in the effort to revive some of the industries that collapsed. As a result of this, you also can take a step and purpose to invest in Kisumu real estate today.

Now, there’s something interesting that I have come to notice with this sector of late. Currently, a one acre plot in Riat for example, goes at Ksh 3 Million. I’m trying to calculate the amount this particular one acre plot in Riat will sell in four years to come, and getting a very huge figure, of around Ksh 50 Million. This is not just an imagination, but the reality. If you want a proof, let’s see. In Nairobi for instance, a one acre land went for Ksh 30 Million in the 2007. Today, if you would enquire the price of the same one acre plot, you’d be in for a rude shock, to hear that the amount has moved from Ksh 30 Million to Ksh500 Million within a span of 7 years.

I found this very interesting. I loved the deal actually. I do not know about you. I realized I can buy a plot then sit back, and then be able to sell it after some years at a very huge price. It is a lucrative business anyone can do. Now, these are some of the opportunities I started by saying that Kisumu real estate is offering.

Kisumu is an urban center where both residential and commercial investments can do well. For instance, in the Central Business District, (CBD), the cheapest amount of money you can get a one acre plot with is Ksh 100 Million as at now. This tells me that in the coming four years, the same one acre plot will go at around Ksh 500 Million. Since the area is also prime for commercial investments, you can invest in Kisumu real estate now by purchasing a plot at the CBD and then wait to sell in years to come, when the price will be high. This will definitely give you good returns.

It is anticipated that Kisumu, in the near future will be more developed than it is today. For instance, some of the big industries that used to be in the past like the Kisumu Cotton Mills (KICOMI) which collapsed as a result of the introduction of the second hand clothes in the market, commonly known as Mitumba, among other industries will be revived. The county government is currently working hard to ensure that such opportunities of investments are not just left like that. This will definitely result to employment opportunities for the locals. Such industries will also attract a good number of investors, and as a result of this, there will be lots of investments in the city.

It is undoubtedly true that Kisumu will be a different city altogether in a few years’ time. You also can take advantage of this and invest in Kisumu real estate.