Introduction

As a Kenyan living abroad, you might be considering investing in property back home. Kenya’s real estate market is dynamic and offers opportunities for both financial growth and a connection to your roots. In this blog, we’ll explore how you, as part of the Kenyan diaspora, can invest in real estate, particularly land. Whether you’re looking to secure your future, grow your savings, or strengthen your ties with Kenya, this guide will help you get started on your property investment journey.

 

 

Diaspora Remittances to Kenya

The Kenyan diaspora plays a crucial role in the country’s economic growth. With approximately four million Kenyans living and working abroad, their financial support—often referred to as remittances—has consistently increased over the past decade. In 2022, diaspora remittances surged by 8.34 percent, reaching an impressive $4.027 billion. These funds are used for various purposes, including real estate investments, mortgages, and household expenses.

Reasons Why Kenyans Move Abroad

Kenyans, like people from many other countries, relocate abroad for several reasons:

  1. Economic Opportunities: Seeking better job prospects and higher earning potential drives many Kenyans to move to countries with stronger economies.
  2. Education: Pursuing higher education motivates Kenyan students and their families to study abroad, gaining access to prestigious institutions and diverse academic programs.
  3. Family Reunification: Reuniting with family members already living abroad is a common migration reason.

Investing in Real Estate While Abroad

Here’s how you can own property in Kenya while in the diaspora:

1. Research and Understand the Market

  • Familiarize yourself with the Kenyan real estate landscape, property laws, and market trends.
  • Explore different regions and assess their growth potential.

2. Leverage Technology and Professional Services

  • Use online platforms to search for properties, connect with real estate agents, and view listings.
  • Consider hiring a reputable real estate company to guide you through the process.

3. Choose the Right Type of Property

  • Land: Investing in land is a popular choice. It appreciates over time and provides flexibility for future development.
  • Residential Properties: Consider apartments, townhouses, or single-family homes.
  • Real Estate Investment Funds: Explore investment funds that pool resources for property development.

4. Secure Financing

  • Explore mortgage options or consider paying in cash.
  • Work with local banks or financial institutions to facilitate transactions.

5. Legal Considerations

  • Appoint a trusted attorney to handle legal matters.
  • Ensure proper documentation, including title deeds and land registration.

Fortcom Realtors Limited: Your Partner in Property Ownership

At Fortcom Realtors Limited, we understand the unique needs of Kenyans in the diaspora. We offer prime land for sale in Isinya, Kajiado County, at a discounted price of Ksh 850,000 for a 50 by 100 plot. Here are the details:

  • Location: Isinya, approximately 5km from the highway.
  • Size: 50 by 100 feet (1/8 acre).
  • Amenities: Access to social amenities and infrastructure.
  • Payment Plan: Make a 10% deposit (Ksh 85,000) and clear the balance within 90 days.

Investing in Isinya offers the perfect blend of tranquility, growth potential, and affordability. Contact us today to secure your piece of Kenyan soil and build a lasting connection to your homeland.

For more information,Call Mr ngugi 0722 226 198 or talk to Mr wilson 0704 981 879

Remember, owning property while in the diaspora is not only an investment—it’s a way to stay connected and contribute to Kenya’s development.