September 27, 2022

FOUR Reasons Why You Should Own an Apartment in Nairobi

Nairobi is home to many businesses that attract investors from all over the world. The business-friendly environment opens doors for many investment opportunities for those who own units within Nairobi and its environs. The major reasons include strategic location, modern social amenities, economic stability, rising population and security.

  1. Strategic Location

Apart from being Kenya’s capital, Nairobi is well interconnected with road, air and railways networks that make it accessible to major towns in Kenya. This means you can easily find your way around once you acquire an apartment in Nairobi.+

  1. Modern Amenities

Nairobi has modern social amenities such as hospitals, schools, churches and stadiums. For instance, the Nairobi, Mater and the Agha Khan Hospitals are some of the modern health facilities in Nairobi. This means that you will not have to look for excellent healthcare services far away as they will be just a step away. Academic institutions are also strategically located in Nairobi and provide plenty for making the best choices.

  1. Economic stability

Nairobi county raises the highest amounts of revenues compared to all the other counties, hence significantly contributing to Kenya’s GDP. Therefore, investing in apartments in Nairobi County is bound to bring higher returns over time.

  1. Demography

The rising population in Nairobi in recent years means a higher demand for apartments. Therefore, owning a number of units will generate good returns for the investor within a few years. Furthermore, the cash flow of investments in new or modern apartments have a great potential of generating more income for apartment owners as compared to old apartments.

The major reason for this is that developers are now putting more consideration on modern facilities such as rooftops, gyms and swimming pools, laundry, courtyards and terraces.

  1. Security

Additionally, owning an apartment in Nairobi means that you are assured of a secure operational environment as most security agency headquarters are in Nairobi. Furthermore, many developers in Nairobi allow you to buy property off the plan giving you flexible payment schedules, high returns when the capital investments appreciate over time and providing you with an option of making customization to the pre-construction layout.

 

Therefore, the strategic location of Nairobi, modern social amenities, security and dependable developers are key reasons why one should own a unit in Nairobi.

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