Economic growth is another factor that drives real estate investments. To begin with, the UN-Habitat listed Nakuru City as one of the fastest-growing urban centres in East and Central Africa due to its strategic location. It is also the second richest county after Nairobi with a 6.1 percent share of the Gross Domestic Product (GDP) according to the Kenya Bureau of Statistics.
The newest city has been attracting investors from all over in terms of NGOs, industries and local companies. This continues to create employment opportunities for residents who in turn invest in real estate products. Kisumu is thriving with sugar and rice irrigation industries, whose contribution to the National economy is immense due to its natural resources and as the epicentre for business in East Africa. In both cities the presence of industries and businesses contributes to the demand for real estate.
To make an informed decision, it is advisable to conduct thorough market research, evaluate the specific investment opportunities available in each city and consider factors such as property prices, rental yields, demand-supply dynamics and government policies that may impact real estate investments. Consulting with local real estate experts or professionals can also provide valuable insights tailored to your investment objectives.
Last but not least is infrastructural development. Nakuru has witnessed significant infrastructural development in recent years. This includes the expansion of road networks, improvements in transportation systems and the establishment of social amenities.
These developments enhance connectivity within the city and with other major towns, making it more attractive for real estate investments. This is the same case with Kisumu which is also enjoying key infrastructural projects such as the Port, the upgrading of the airport to international status, tarmacking of Nyamasaria - Magadi- Manyatta Road, Kisumu-Ahero Interchange, Kisumu - Mamboleo road and Kisumu - Kisian Highway etc.
In conclusion, in comparison to Nairobi, properties in Kisumu and in Nakuru are relatively more affordable. This affordability attracts investors looking for entry-level investment opportunities or those seeking higher returns on investment.
A real estate company such as Username Investment Ltd is offering ideal residential plots in Nakuru and Kisumu at affordable prices. As an investor looking for higher returns for investments or generate income from real estate investments, you can choose from either or both cities based on your personal preference.
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