31/05/2022
Investors and real estate developers are going down to Mombasa and its environs(Kilifi and Malindi) to buy and construct houses. This has sparked the development of homes targeted at the middle-class.
One reason investors are showing interest in Mombasa could be the lower cost of land, compared to Nairobi prices in comparative neighborhoods.
Another explanation is the availability of raw construction materials.
Mombasa and its environs attract many Nairobi middle class who are looking to make extra money through investing in holiday homes for rental purposes.
Real estate is a safer form of investing compared to investing in shares and also brings higher long-term returns than other forms of investment.
