Interesting Ways to Invest in Real Estate in Mombasa
With the land costs being lower compared to the prices in Nairobi, there is easy access to raw construction materials at the Coast, a factor that is an incentive to the investors.
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Investing in real estate can be quite daunting especially if one is a first-time investor. However, when done right, real estate investment is a very rewarding venture.
While investing in Nairobi, Kenya’s capital is lucrative, the market is a bit crowded hence a number of investors going down to Mombasa and its environs to buy and construct houses.
With the land costs being lower compared to the prices in Nairobi, there is easy access to raw construction materials at the Coast, a factor that is an incentive to the investors. The following are real estate investment ideas at Mombasa:
Holiday Homes Investment
Being a coastal region, the area attracts thousands of tourists, both domestic and international all throughout the year. This presents an excellent opportunity for an investor to get holiday rental income. Some of the towns where such investment can thrive include; Nyali, Diani, Mtwapa, Vipingo, and Kilifi.
Hotels and Resorts
Mombasa is famed for being a beach holiday destination, attracting tourists from the world over. Doing detailed research and investing in and constructing a resort or hotel can be quite worthwhile. Getting land on the beachfront or 2nd row to the beach is one to be envied and can be sure of always getting clients.
Entertainment joints
Many people associate Mombasa with partying and good times, if one is interested in running an entertainment joint, club, restaurant, kids’ playground, watersports or any other enjoyment/recreational facility is for you.
High-Income Homes for Sales or Rentals
The best things about Mombasa are the weather, entertainment spots, and activities, the calming ocean, the general slow-paced environments, wonderful shopping malls, and great food joints. These factors make Mombasa an attractive option for many who are looking for places to migrate to or purchase “second homes” for when they are in the Coastal city.
Low Income Housing
A lot of the low-income populace lives in Swahili Houses, which is a housing structures comprising at least 10 bed-sitters or 10 units sharing communal washrooms. This presents an excellent earning opportunity for passive income, ranging from 2,500 per unit to 6,000, depending on the location.
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