Resicom – Holiday Investment – 04-21 – LB

Wealthy Property Investors Game for Kenya

With a wealth of game reserves, 19 in all, and a beautiful Indian ocean coastline, Kenya is now attracting wealthy property investors from around the world.

While Kenya is among the top-five most popular second home locations for the wealthiest people in Africa, it has also come to the attention of overseas property investors.

According to a new report from London-based real estate consultant Knight Frank, around 4 per cent of the global high-net-worth population has interest in owning a home in Kenya, with UK investors leading the way.

The British represent the largest group of potential buyers interested in Kenyan property, followed by 16 per cent of wealthy South Africans, and 11 per cent of Spanish, Mauritian, and Americans.

The tourist season lasts for about 40 weeks of the year, one of the longest of any beach-based locations, and benefits from having no typhoon season or extreme weather conditions.

The long season and temperate climate offers ample opportunity for overseas property investors to receive strong rental returns for their investment.

The Malindi area houses many luxury beachfront resorts, offering idylic sunshine break potential.

Just south of Malindi is the beach town of Watamu, with the added attractions of the Watamu Marine National Park and Reserve and Arabuko Sokoke National Park.

In addition to the beautiful beach resorts, Kenya is obviously most famous for safaris. With no fewer than 19 game reserves, Kenya is known as the World’s number one destination to go on safari.

Nanyuki is the gateway to Mount Kenya National Park and also offers easy access to smaller parks and reserves in the area.

Another popular park is Maasai Mara National Reserve, which shares a border with Tanzania, and is one of the top destinations in Kenya. The park is home to cheetahs, leopards, lions, elephants, and zebras. There are also private game conservancies within the park and surrounding it.

With so much to offer, it is no surprise that Kenya is starting to attract wealthy overseas property investors from around the world.

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