29/08/2024
In Nairobi, the population of people living in is around five millions or even more with diverse people coming from all over the world daily. During the day, the population of people visiting for various reasons like business engagement, tourism purposes, and medical reasons is close to seven millions.
This is because Nairobi has great facilities and infrastructure that can satisfy everybody who visits it.
Currently Nairobi enjoys rapid growth in construction of houses, offices and commercial centres within the CBD areas and also premier places like Kilimani, Kileleshwa, Lavington, Westland, Parklands, Eastleigh and more areas.
Almost all properties, are sold in the periods of construction times. All the companies involved sell the houses by way of off-plan meaning individual buyers interested in housing investment pay 20-30% upfront to secure the houses or floors they are interested in. The rest of the payment is done while construction is ongoing. One is required to have fully paid when your keys 🔐 are delivered to you.
The returns of investment is around 14-18% for the buyers whose purpose is to rent out. I know many also buy to live in to run from rent payments cycles.
Kilimani Kileleshwa and Lavington majority of investors are from China and Somalia. Chinese and somalis nationalities are the one driving the construction industry in these part of the city. They mainly construct houses in the range of...
1. 1.Bedroom with sitting and dining
2. 2.Bedroom with sitting and dining
3. 3.Bedroom with sitting and dining
📍 Their price ranges from 5-7 Millions for 1 bedrooms
📍 Two bedroom from 9-12 Millions
📍 Three bedrooms from 13 -18 Millions and more depending with locations and sizes.
Many Chinese construction companies focus on Airbnb or furnished houses that are rented on short stays for between 160,000K to 210,000K depending on the size and location also the finish and looks of the units being rented.
As for rental they starts from 60,000K to 150,000K or even in some houses.
Tijaari properties deals in property sales and buying for its clients.
The house constructed by somalis tend to be big in size largely to cater for people bigger families. Their house offer up to 5 and 6 bedrooms.
If you are interested in buying a property in Nairobi and it's environment call or WhatsApp us on
📞 0727 373480
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Tijaariproperties Investments
