Western Imperialists governments with their economic hitmen in collaboration with corrupt and unpatriotic current and past Kenyan leaders, have corruptly indebted Kenya with unnecessary loans in the interests of Western Imperialists governments, their monopoly corporations and Kenyan corrupt and unpatriotic leaders. Except all our leaders take similar stance against Western Imperialism, just as the leaders of the Sahel region are doing, we'll never have a hard currency, a thriving economy and full economic independence from the Imperialists. I wish Kenyans the best, all the way from Nigeria. [ i🇳🇬 ❤ i🇰🇪 ]
very interesting information . I stayed in an apartment made by one of the chinese developer , it looked fabulous and shiny but the pipes were leaking 😢paint fallen off 😢😢😢I hope this developers are better .
@BlessedMammy That can happen in any country, particularly in Nigeria. This is why developers were, and hopefully still are required by the City of Seattle in Washington to guarantee against such things for the next 5 years after the sale of a property. There are really crooked developers here in Nigeria who put the love for profit before the love for the precious lives of the innocent. "Lagos, dubbed by one expert who spoke to the BBC as " the building-collapse capital of Nigeria", has seen at least 90 buildings falling down in the last 12 years, leaving more than 350 people dead, according to the Council for the Regulation of Engineering in Nigeria". While BBC isn't really a reputable source, this one is actually true because I live here.
your first video of Nairobi inspired me to look deeper into buying an apartment there. We ended up with an acre in the bush😂, but still, thank you for the inspiration.
@@thomasschwinn1512 that's the number one thing you should never do when buying land or house in Kenya or anywhere in Africa. South Africa might be an exception because their cities have systems that actually work and the processes might not be as dubious as they are elsewhere. Even that one in the bush might not be your land. You should always avail yourself and still not lower your guard. To some extent, your skin color will give you some leverage.
This guy is a pro when it comes to asking the right questions with regards to these future project. Every time I watch similar videos of yours, you always leave no stones unturned.
Your questions were spot on. You're the second foreigner I know who has purchased at this particular development. Nairobi is a growing town. It holds the future of East Africa and in some aspects the world like Mpesa. All the best as you continue to put Kenya forward to your subscribers. Perhaps in the future you can take a volg when the development is complete in 2027.
Kenyan Living in Canada. Here is the reason why i rejected property purchase in Kenya. In dollar terms i have not seen price appreciation in well over a decade in the Kilimani to Westlands area. Rental yields are very stable if not flat. At the 1500 to 1kish range in that area. The density of that complex is rather high. There is money to be made in land. The other area i have looked at is low income housing. Its not sexy but between double digit rental yields and massive land price appreciation. it looks very attractive. When it comes to ethnicity each offer something different. Chinese is always on time on spec however you need to do a reno after two years cause its all cheap shit and looks dated very fast. Somalis also fast. They have a very European style but very tacky styling, and bang for buck i prefer them. In terms of where i would leave my money obviously i would pick a Kenyan Somali cause why would i give money to a foreigner to send it abroad. I'm speaking with some authority i have landed properties. However my focus is on rental income stability and growth. You analysis of the Kenyan economy is spot on they are in deep trouble.
Am in Kenya and the issue is the rate of apartments development. If you buy from one project, before long there are other better ones all aorund you so naturally everything slows down in terms on rental return coz options increase. In terms of project completion, Chinese are still the best. If you own the project maybe you can influence the quality level of materials you want but also be willing to pay for it and also be practical on your client target and location.
@@gw7768 This is a very good point. We are slowly getting to where i want us to get to. If you look at malaysia. The condos are amazing and only 90k usd with full pull gym yoga like 15 facilities on the property
@my0.02cents would love to pick your brain and get more insight, I'm considering making that move but need someone with deep knowledge like you to speak to. I'm in Trudeauland as well
There needs to be a lobby on the part of developers and society as a whole for local authorities to carry out good planning and projects to widen Nairobi's streets and sidewalks... I think this should be the first thing to be done before they build these new buildings, otherwise these streets will become impassable with so many cars
Most of this Chinese developers cut down trees to build apartments are messing up our ecosystem!..Nairobi is slowly becoming a concrete jungle!..while our government is watching the destruction of Trees!..they build apartments next to each other no place for side walks!..Narrow Roads for cars only!..no place where pedestrians can walk!..Can a Kenyan developer do the same mess in Beijing?..He will be Jailed..Corruption is messing up our country..Chinese developers do whatever they want coz they pay Bribes!..😂😂😂
Instead of affordable housing by government, focus should have been on horizontal infrastructure like sewers, roads, side walks, cleanliness, all over the nation.
This is a very good area! The best in Nairobi. I used to go to school near here. Even if Kenya has a crisis this will not go down that much. Soon all the good land around the city will be gone. The traffic is a nightmare with people taking hours to get to their jobs in the city. Kenya does not have rail abd drive like other large cities..ie you ride the train to the city and park at large parking lots all along the route out of the city. The traffuc is only going to get worse. Pollution will become a problem as we are a very long way from EV vehicles and infrastructure. Still lots oil around the world. It is sad as Nairobi has the best weather in the whole world! An average 74°F all year round!!! Most people assume all of Africa is hot and dry being close to the equator. Climate Change is real. With the large rain and flooding event will be more common..but that is all over the world...erratic weather..Spain suffered more deaths in their floods this year for a 1sr world country. So Nairobi and Kenya will be just like any country dealing with Climate Change. However Kenya does not have the wealth and infrastructure to recover from major weather catastrophes like the US for instance! However it is still a safer bet than like the Philippines which is on the Ring of Fire or island nations like Seychelles or the Maldives. Kenya has a lot of potential as it is an incredibly beautiful country but no effort was made by its leaders to limit population growth. I remember growing up in Kenya and 45 years driving to the coast from Nairobi and i would star out the car window looking for wild animals along the where as it was all open spaces. Sadly today these areas are full of population centers with mostly unplanned poor communities. Unfortunately tribalism is a huge curse for Kenya and unless Kenya does something like what Singapore with different communities competing against each other. Laws were put in place to force people to form associations with other ethnic groups and not live as separate communities. A nation divided will always fall. Sadly no politician. In Kenya wants to do the hard things for the good of the future of the country. Which leads to all common CORRUPTION. Each person wants to get ahead without concern for their neighbor. No sence of doing what is in the good of the nation. The government neefs to push the notion that one is Kenyan first and last! No Kikiyu or Luo etc. However politicians need to divide and conquer so Kenya may always have that problem. It is a huge loss to the country as you see a Kenyan form a stronger bonf with a foreigner than another Kenya. Adani from India was just charged with bribery in a major court in New York. One wonders how much was passed under the table for Adani to aquire his big project for the Airport system. Kenya could grow well if done right. But those jn charge are not looking at doing that. They lack the intelligence to see when the wool is pulled over their eyes by foreigner investors. Instead the weath and money of Kenya leaves and goes to India or China. The government will have custom agents to catch the small fry taking money out of the country when billions are going out the fromt door. The Railway Station building built in Nairobi by the Chinese was a prime example of complete waste of toms of money...but instead we will see the same thing happening over and over! One can build beautiful design without throwing away tons of money. Unfortunately i am not in a leadership roll as i don't come the royal families in Kenya. And for that reason Kenya will always stagnate. It is shame as Kenya is blessed with so much potential but its leaders will always fail its people. And unfortunately they say the politicians are a refection of the people. I will always love Kenya and its people and hope for a brighter future for all.
Wandering Investor .. You mentioned how nice and green this neighborhood is compared to the concrete jungles in other suburbs. Do you think that buying into such a mammoth building might be contributing to a degradation of the aspects of the neighborhood that you so much admire? Kilimani and Kileleshwa were just as nice before the developers swooped in.
In many ways yes you are right. This specific area though was specifically more built out, so replacing many of the older homes / buildings with a lot of greenery won’t happen. Greenery will remain. Does this building help? No.
@TheWanderingInvestor I confess I didn't understand all of your reply but I agree with the last sentence completely. I could see that you already had a concern about losing your views even before the place is built, which is just one of the unpleasant results of runaway development. Much better to take time to look for an existing property in a nice area IMHO, rather than new behemoths that end up destroying what you liked in the first place.
We all want to live in the city and still enjoy low-density housing in leafy suburbs with efficient energy and waste management. Our buildings will continue to get taller and thinner with 10x more waste that will end up in the same clogged “green” rivers and landfills.
@@TheWanderingInvestor you are part of the problem. This area is not meant for apartments, and you know that very well! The Chinese and Indians bribed there way from the city council to getting permits for this project! You are promoting illegal projects. You should know better
Great Wall Gardens is a Chinese project which has taken over 4 years to complete phase 5. Not all Chinese developers are as efficient as stated in the video
Yes! I've heard from a RUclipsr who lived in China and bought an apartment there that a lot of the high rise buildings were poorly built and have structural problems. Never mind the fact that they over estimated how many they'd need. Aren't most of them (in China) still empty?
I have been following you since your first Nairobi Video when you went to Syokimau and Great wall apartments, Athi River. Well, congratulations on your first purchase.
La patience paie toujours après les anciennes vidéos sur le marché de l’immobilier à Nairobi tu as fais un excellent choix selon moi de te placer dans ce pays prometteur avec une qualité de vie extrêmement intéressante vu le nombre d’afro-américaine américains qui s’installent de plus en plus Congratulations 👏
Greetings, After carefully listening to your presentation, you pretty did great. As an investor in kenya , I too encourage more investors to buy property in kenya especially Nairobi and the coastal areas
Very interesting video and deep analisys. I didn't know that Kenya is such good oportunity for invetors. Just a few days ago I saw a document about a huge slums in Nairobi. Now I see the other face of this town.
How are you. Your very first video was so inspiring I ended up buying an apartment at Great wall Gardens phase 6. I want to thank you and let you know You Did It!!!
@@emo7696 Thanks. Yes. For example this developer realized that just handing over apartments was not good enough because the maintenance was poor. So now they stay in charge of maintenance after handover in order to preserve their brand.
Great video, thanks for insights 🙏 Super interesting to me as I just bought the apartment in Cape Town in brand new off plan project for Airbnb investment purposes. Just curious You have any units in Cape Town? Can we also get info from you about this project if they have still available units? ✌️
@@furkanbaskak5647 Thank you. I don’t own real estate in CT, but amazingly beautiful city for sure. You can reach outnto Pratik, he ca let you know which units are still available: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
I'm very impressed by your content and the way you give an expert analysis of the current and future real estate outlook. I'm a Kenyan living in America and when I was building apartments, I was surprised that two bedroom apartments are highly sort after. In America most people prefer 3 bedrooms. My apartments are two bedroom ensuite and are always occupied. That really surprised me.
I lived very close (Mpaka Road, Parklands) to Westlands for a decade in the 80s. Westlands Administrative Division consists of 7 subdivisions of which Parklands is one of them. Westlands is a beautiful and affluent mixed residential and commercial neighbourhood, with a sizeable expat population, and is located close to Nairobi's central business center. It is a preferred choice by many as it close to top hospitals and schools, banks, malls, offices, hotels, restaurants, bars and clubs. 3 key things that I would look for in a residential apartment in Nairobi or elsewhere are the area (neighbourhood), reputation of the builder, and amenities provided (should include top-notch security).
I've been burned buying off plan in other countries. Many developers promise the world but deliver very little but I'm sure Nairobi does better in this regard. Gl
Fantastic video on property investment in the heart of beautiful Nairobi ,Kenya. Unlike other property investment videos seen ,this one stands out in my view ! All the relative important questions in respect to investment along with all pros and cons when investing and buying property were well captured excellently ,not too mention ,taking we the viewers to the actual sites where intended construction is believed to happen and the real deal braker in my opinion 😀was showing property investors to always be keen on finding out who their next door neighbours are or will most likely be in future which in true honesty many property agents never show who the neighbours are very well knowing the beautiful interiors they are showcasing online have views that are already obscured with no natural light that is a beautiful part whilst investing in a luxurious property. Undoubtedly an important key point that sealed it for me in the video when you showed the viewers the aerial view of the property and what could possibly happen most likely if the neighbours were too sell , extremely key factor whilst investing in a multimillion beautiful apartment. Needless to say ,congratulations on your apartment investments and most assured with the rate of beautiful properties coming up you will be highly enticed to invest again 😊👍🏾 Kenya 🇰🇪 is a beautiful country and indeed it is your second home now.😊👍🏾 All the best in all your future endeavours and do enjoy the beauty of your new home Kenya and the amazing wonderful adventures that come along with it.
Why not go to Mombasa? The coast of Kenya is undergoing major infrastructure development from highways to highrise buildings and malls! Kenya isn’t Nairobi only! 😊 6:17 You’re right! The sources of FDI coming into Kenya is much more diversified compared to those going into West Africa or Southern African countries! No wonder Kenya’s economy is quite resilient!
Quick question regarding the anticipated currency devaluation. On face value you are definitely right it would be cheaper for you if the currency devalues over the construction period but wouldn’t this currency devaluation also impact the developer negatively ? Their cost of materials and labor( in shillings) would increase and eat away their profits which could in the worst case mean a bankruptcy and a total loss of investment? So there seems to be a sweetspot of the devaluation rate of the shilling🤔
@@Blizzadman Correct. The labour part would be fine, the import of materials less so. They’ve been operating a long time in Africa and hopefully have learned from this. But yes, you are right, there is a (fairly wide) sweetspot.
The best places to invest in Kenya are the upcoming towns near Nairobi eg Kiambu, Thika, Ruiru, Athi River, Ngong and Kitengela. In those areas rent is growing and property prices are lower.
How do you plan to manage power blackout or shortages that come without notice sometimes: Imagine a Blackout on the Last floor up of this building and you have an emergency matter like a sick person; And about sometimes water shortages >
@@lizo7898 I ASK THAN BECAUSE AM A KENYAN; ISSUE OF POWER SHORTAGE WITHOUT NOTICE AND CUT OF WATER WITHOUT NOTICE IS POSSIBLE; SO WHEN YOU ARE IN SEARCH BUILDINGS BUDGET AND HAVE BUCKUP ALWAYS
Thank you for this great video, very detailed with invaluable info. Looking to relocate next year and was crunching numbers to potentially buy a property to live in as well as invest. Your video couldn't be more timely! :)
Thank you for marketing Kenyan real estate. I hope the prices are the same for everyone....not raised prices for foreigners. That would outprice the locals. Otherwise investing in Kenya is wise...Africa is the future. But Kenya needs jobs for the younger generation. So, bring investors who will invest in productive activities....èg...I lived in Canada....lots of vegetables are sliced and packaged. In Kenya lots of produce is lost after harvesting. Bananas should be dried. We need food packaging industries. Mashed potato flour and couscous with dried vegetables.
Please elaborate on insurance policies of the apartments in case of partial or total destruction of the apartments due to natural disasters or human destruction. More over If there's insurance, what is the premium price, and what does it cover it.
Thanks for your response. Here in USA, some condominium associations fee covers the structures of exteriors of the apartments, basically the skeleton of the apartments. Owners responsible for anything inside the apartments and owners buy additional insurance for that purpose. There are owners association bylaws that stipulate share and individuals responsibility in case of lost due fire or some othe natural disasters.
I would like to be part of your wandering investor community. Happy to travel and invest with you. Any opportunities/events that you'd progress in expanding your team?
Hawa wanakuja kununua Mashamba kwanza cheap juu wanatumia Dollar mwishowe Wakenya watabaki shambaless na bei ya chakula kubandishwa hawa hiwezi wa affect juu pesa yao ni valuable
@@PatrickMaina-u9l What do you mean ? Poor Tanzanians are just affected as the poor in Kenya. Having a land is only valuable when you put it to use , kenyans sell and buy land for development purposes that's why they are richer. Hata DRC watu wengi wakona mashamba but they are still Very poor.
@@PatrickMaina-u9l Kindly name me one person that has ever died in Kenya due to starvation , that stereotype should stop. Everyone knows Kenya is 80% dry and people are due to face draught but y'all forget there are global , local and government organisations that daily feeds this people. And please, being a richer country doesn't mean everyone will live perfectly, the richest economy In the world still has beggars wallowing for money in their city streets
@@Smerzone Maintenance and property management standards have improved, and relatively speaking to the rest of the world Nairobi has become very affordable
Very interesting idea. I especially like the idea of buying the property with a loan in Kenyan Shilling. Just wondering... Let say a devaluation would happen. Would be property developer not go bankrupt? All cost would go up, but you bought in at a long price. I imagine property developers in Kenya have experience with inflation but how would it work as an investor?
@@wubbebos You’re right. It’s one of the risks. Generally speaking these Chinese developers who have been operating on the continent are well versed in this risk.
There is always Provision for Risk which is part of the pricing when cost valuation is being done and this can be done in dollars converted to kenya shillings which is still the same.
My understanding of Chinese developers in KE is that their finishing is subpar. The buildings look good but the finish starts to break or peal 1.5 years in. Buyer beware. This is Kenya. Corruption is everywhere.
Do you have seen the previous projects of this developper? I am asking coz in the video there was no information about the quality of the construction. have seen many new built in Nairobi from chinese developpers, most deliver low quality which is okay regards to the price. But some years later problems are starting... So if you bought 3 apartments, one strategy might be to sell 2 of them after construction is finished for a high price and get the remaining one for free.
@@justlimo6944 this would be true if we were buying existing appartments. But we are investing in new appartments. This means the supply of rentals will increase. This helps reduce/stabilize rental prices and increases the quality of the rental stock.
@@TheWanderingInvestor The market overall did not really crash that hard, but it is important to be on the ground, it is a very peculiar market, lots of time on the ground to understand the local game and when that work is done , the local market is full of opportunities.
This is nothing but a marketing speal Chinese developers don’t go bankrupt ??? Have a look at the dozens of abandoned apartment constructions in Cambodia (Sihanoukville)
In Kenya. Sihanoukville was different, it was mostly money laundering and a way past Chinese capital controls. Very different dynamics. Here in Kenya the demand is local.
Wacha wajenge na pesa zao!..wakuje wote Kenya..kila mtu aite watu wake!..wajae Kenya..wajisahau Kenya siku yao itafika!…the more Kenyan youth hawana jobs..na hawana makao..wakenya watachukuwa Hizo nyumba!..
UN&Red cross claim tò help the poor ,showing US children on the Television with flies on their in EUROPE while the y router in Kenya buying Luxurious houses. What a Pity
Luxury houses, 80k USD salary and free school fees for the "expat kids" not to mention hardship pay and a brand new SUV every three years.😂😂😂 Helping indeed, helping themselves for sure.
I see you've changed your mind to get on the Nairobi property bandwagon. But your main reason in the past was the 30% rental tax imposed on non-residents. How do you now feel about it?
@@neonomad1939 Yes, and property management / maintenance levels have improved. About the tax issue, it doesn’t seem to be too much of an issue. And I’m in it for capital gains as well.
Rental tax is 7.5% for small retail investors. My concern would be over- supply of apartments and excessively high density with no set back from neighbours, too many floors, no trees, no green space. We don't want our city to be a concrete jungle and Rapthta Road has always been green.
So one concern I have is that are foreigners allowed to buy property for rental income? I currently live in Nairobi and am very interested in buying property
Please don't bring your white supremacy attitude to Kenya. The Kenyan youth are about to take over the country in the 2027 elections and we will deport foreigners who behave badly
It sort of sounds like the injunction is a background factor of instability and risk. Also it seems strange that no African entrepreneurs are being interviewed.
Because they still think we're not good enough and all you have to do is live in Europe to know African construct way better houses than the. The only thing Africans are behind on is finishing due to lack of regulations but quality and functionality Africans win hands down.
Nairobi a construction site, but funny enough Kenyan engineers lack jobs. The international property developers are coming with structural designs already done. No jobs for professionals are created from these projects.
I suspect its his currency speculation and the fact they structure the payment plan in the local currency vs USD. Even if you are negative on something, when the price goes down, it offsets your risk.
Unfortunately, the properties that were going for $40,000 at the time are currently like $60,000+. The value is increasing tremendously. Not sure what is pushing that!
Are you able to address some of the concerns you mentioned in your 2021 video? Operationsal challenges.... Poor maintenance and property management issues? Poor staff and dodgy deals being done without the landlord or property manager knowing? Issues with money laundering and poor reputation of developers, has this improved? Does Kenya offer any permanent residencey or CBI options? You mentioned concerns regarding Nirobi having lots of space, and how oversupply is growing faster than the pace of growth? Are you able to talk more about the 30% tax on gross rental with no deductions? You also mentioned listed Equities as being a better option and higher dividend yields? Thanks ruclips.net/video/_wI8xjrTNv4/видео.html
@@melaniesmith3954 Income tax is ambiguous. Pratik can explain. Residency possible if you buy through a local corp but expensive to maintain due to heavy immigration fees.
Surprised you buying off the plans. Cant add or create value. So you're either speculating on rising unit prices or you believe the developer is leaving something on the table. Both seem unlikely. Good luck.
Wow so good to see they are still walking free, dear unsuspecting investors, booking fee ? from other projects to start this project. Water sources? Nema approval, Court injuction s 😂 Maintenance ? Anyway everyone has to discover on their own, my 2 cents. Like watching a bad movie all over again. Cheap building materials Lets just say be ready to repair something every month, lessons learnt never ever again this developer.
Invest in real estate Of Morocco, they’re hosting the African cup 2025 and World Cup 2030. You could get as many apartments you can afford and utilized them as an AIRBNB
How long does a World Cup or African cup last? Would that be a prudent decision just based on an event that would likely not return to the same location in eons 🤔
Great video and thank you for an insightful perspective. I am Kenyan living in Nairobi and I am 61 years old. I am interested in leaving Nairobi for the outskirts of Nairobi city. I would like to get in touch with the developer Alex. I am wondering if he has considered venturing into development in the countryside in say Machakos, Kajiado or Limuru? There is a growing demand for for "Over 55" semi retired or retired Kenyans who would like to move away from the hustle and bustle of Nairobi city life and live in the countryside. The houses would be two or three bedroom bungalow in a managed community with all the amenities available. Their location would be close enough to drive into Nairobi once or twice a week but then runnaway to the countryside where they reside permanently where it is quiet. I have seen single story bungalow developments for the "over 55" market working very well in Arizona, USA and I think it is an opportune time for this model. Please let me know how I can contact the developer.
![Lethal Company Music Video 🎵 "Follow The Orders" [VERSION A]](http://i.ytimg.com/vi/QeooZB4Z7RA/mqdefault.jpg)
🇰🇪 Find out more about the project: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
Western Imperialists governments with their economic hitmen in collaboration with corrupt and unpatriotic current and past Kenyan leaders, have corruptly indebted Kenya with unnecessary loans in the interests of Western Imperialists governments, their monopoly corporations and Kenyan corrupt and unpatriotic leaders.
Except all our leaders take similar stance against Western Imperialism, just as the leaders of the Sahel region are doing, we'll never have a hard currency, a thriving economy and full economic independence from the Imperialists. I wish Kenyans the best, all the way from Nigeria. [ i🇳🇬 ❤ i🇰🇪 ]
this is great ,welcome to Kenya and feel free to visit the GREEN TOWN kericho ,I take you around.full support n blessings ❤
very interesting information . I stayed in an apartment made by one of the chinese developer , it looked fabulous and shiny but the pipes were leaking 😢paint fallen off 😢😢😢I hope this developers are better .
@BlessedMammy
That can happen in any country, particularly in Nigeria. This is why developers were, and hopefully still are required by the City of Seattle in Washington to guarantee against such things for the next 5 years after the sale of a property. There are really crooked developers here in Nigeria who put the love for profit before the love for the precious lives of the innocent.
"Lagos, dubbed by one expert who spoke to the BBC as " the building-collapse capital of Nigeria", has seen at least 90 buildings falling down in the last 12 years, leaving more than 350 people dead, according to the Council for the Regulation of Engineering in Nigeria". While BBC isn't really a reputable source, this one is actually true because I live here.
@@XY-rh3if...*Corrupt
your first video of Nairobi inspired me to look deeper into buying an apartment there. We ended up with an acre in the bush😂, but still, thank you for the inspiration.
@@thomasschwinn1512 haha nice!
That was a better idea than a box in the sky i promise you.
How now? Did you end up buying the acre in the bush? Did you buy land in Kenya while in Europe?
@ yes, we bought it while not being in Kenya
@@thomasschwinn1512 that's the number one thing you should never do when buying land or house in Kenya or anywhere in Africa. South Africa might be an exception because their cities have systems that actually work and the processes might not be as dubious as they are elsewhere. Even that one in the bush might not be your land. You should always avail yourself and still not lower your guard. To some extent, your skin color will give you some leverage.
This guy is a pro when it comes to asking the right questions with regards to these future project. Every time I watch similar videos of yours, you always leave no stones unturned.
Brown nosing much?
Your questions were spot on. You're the second foreigner I know who has purchased at this particular development. Nairobi is a growing town. It holds the future of East Africa and in some aspects the world like Mpesa. All the best as you continue to put Kenya forward to your subscribers. Perhaps in the future you can take a volg when the development is complete in 2027.
Interested in checking them out too. What is the name of the development?
Wewe ni mjinga kweli kweli...how does mpesa hold the future of the world......too colonised to see the big picture...
Kenyan Living in Canada. Here is the reason why i rejected property purchase in Kenya. In dollar terms i have not seen price appreciation in well over a decade in the Kilimani to Westlands area. Rental yields are very stable if not flat. At the 1500 to 1kish range in that area. The density of that complex is rather high. There is money to be made in land.
The other area i have looked at is low income housing. Its not sexy but between double digit rental yields and massive land price appreciation. it looks very attractive.
When it comes to ethnicity each offer something different. Chinese is always on time on spec however you need to do a reno after two years cause its all cheap shit and looks dated very fast. Somalis also fast. They have a very European style but very tacky styling, and bang for buck i prefer them. In terms of where i would leave my money obviously i would pick a Kenyan Somali cause why would i give money to a foreigner to send it abroad.
I'm speaking with some authority i have landed properties. However my focus is on rental income stability and growth. You analysis of the Kenyan economy is spot on they are in deep trouble.
Am in Kenya and the issue is the rate of apartments development. If you buy from one project, before long there are other better ones all aorund you so naturally everything slows down in terms on rental return coz options increase.
In terms of project completion, Chinese are still the best. If you own the project maybe you can influence the quality level of materials you want but also be willing to pay for it and also be practical on your client target and location.
@@gw7768 This is a very good point. We are slowly getting to where i want us to get to. If you look at malaysia. The condos are amazing and only 90k usd with full pull gym yoga like 15 facilities on the property
@my0.02cents would love to pick your brain and get more insight, I'm considering making that move but need someone with deep knowledge like you to speak to. I'm in Trudeauland as well
@@my0.02centsbro is that a good thing....Kenyans cant afford this properties
Ndio komana tanzania nitaishi kuwaheshimu....no property for sale to foreigners...
There needs to be a lobby on the part of developers and society as a whole for local authorities to carry out good planning and projects to widen Nairobi's streets and sidewalks... I think this should be the first thing to be done before they build these new buildings, otherwise these streets will become impassable with so many cars
Most of this Chinese developers cut down trees to build apartments are messing up our ecosystem!..Nairobi is slowly becoming a concrete jungle!..while our government is watching the destruction of Trees!..they build apartments next to each other no place for side walks!..Narrow Roads for cars only!..no place where pedestrians can walk!..Can a Kenyan developer do the same mess in Beijing?..He will be Jailed..Corruption is messing up our country..Chinese developers do whatever they want coz they pay Bribes!..😂😂😂
Everything is there, the most recent was made by JICA but the corrupt officials at city hall don't care
Instead of affordable housing by government, focus should have been on horizontal infrastructure like sewers, roads, side walks, cleanliness, all over the nation.
This is a very good area! The best in Nairobi. I used to go to school near here. Even if Kenya has a crisis this will not go down that much. Soon all the good land around the city will be gone. The traffic is a nightmare with people taking hours to get to their jobs in the city. Kenya does not have rail abd drive like other large cities..ie you ride the train to the city and park at large parking lots all along the route out of the city. The traffuc is only going to get worse. Pollution will become a problem as we are a very long way from EV vehicles and infrastructure. Still lots oil around the world.
It is sad as Nairobi has the best weather in the whole world! An average 74°F all year round!!! Most people assume all of Africa is hot and dry being close to the equator.
Climate Change is real. With the large rain and flooding event will be more common..but that is all over the world...erratic weather..Spain suffered more deaths in their floods this year for a 1sr world country. So Nairobi and Kenya will be just like any country dealing with Climate Change. However Kenya does not have the wealth and infrastructure to recover from major weather catastrophes like the US for instance! However it is still a safer bet than like the Philippines which is on the Ring of Fire or island nations like Seychelles or the Maldives.
Kenya has a lot of potential as it is an incredibly beautiful country but no effort was made by its leaders to limit population growth.
I remember growing up in Kenya and 45 years driving to the coast from Nairobi and i would star out the car window looking for wild animals along the where as it was all open spaces. Sadly today these areas are full of population centers with mostly unplanned poor communities. Unfortunately tribalism is a huge curse for Kenya and unless Kenya does something like what Singapore with different communities competing against each other. Laws were put in place to force people to form associations with other ethnic groups and not live as separate communities. A nation divided will always fall.
Sadly no politician. In Kenya wants to do the hard things for the good of the future of the country.
Which leads to all common CORRUPTION. Each person wants to get ahead without concern for their neighbor. No sence of doing what is in the good of the nation. The government neefs to push the notion that one is Kenyan first and last! No Kikiyu or Luo etc. However politicians need to divide and conquer so Kenya may always have that problem.
It is a huge loss to the country as you see a Kenyan form a stronger bonf with a foreigner than another Kenya. Adani from India was just charged with bribery in a major court in New York. One wonders how much was passed under the table for Adani to aquire his big project for the Airport system. Kenya could grow well if done right. But those jn charge are not looking at doing that. They lack the intelligence to see when the wool is pulled over their eyes by foreigner investors. Instead the weath and money of Kenya leaves and goes to India or China. The government will have custom agents to catch the small fry taking money out of the country when billions are going out the fromt door.
The Railway Station building built in Nairobi by the Chinese was a prime example of complete waste of toms of money...but instead we will see the same thing happening over and over! One can build beautiful design without throwing away tons of money. Unfortunately i am not in a leadership roll as i don't come the royal families in Kenya. And for that reason Kenya will always stagnate.
It is shame as Kenya is blessed with so much potential but its leaders will always fail its people. And unfortunately they say the politicians are a refection of the people.
I will always love Kenya and its people and hope for a brighter future for all.
Yep, unfortunately our African leaders in general are happy to swim in money while the citizens struggle to make ends meet!!!
Wandering Investor .. You mentioned how nice and green this neighborhood is compared to the concrete jungles in other suburbs. Do you think that buying into such a mammoth building might be contributing to a degradation of the aspects of the neighborhood that you so much admire? Kilimani and Kileleshwa were just as nice before the developers swooped in.
In many ways yes you are right.
This specific area though was specifically more built out, so replacing many of the older homes / buildings with a lot of greenery won’t happen. Greenery will remain.
Does this building help? No.
@TheWanderingInvestor I confess I didn't understand all of your reply but I agree with the last sentence completely. I could see that you already had a concern about losing your views even before the place is built, which is just one of the unpleasant results of runaway development. Much better to take time to look for an existing property in a nice area IMHO, rather than new behemoths that end up destroying what you liked in the first place.
The fact that there are 15 developments on hold in that neighbourhood should be an indication of the impending disappearance of all the green.
We all want to live in the city and still enjoy low-density housing in leafy suburbs with efficient energy and waste management. Our buildings will continue to get taller and thinner with 10x more waste that will end up in the same clogged “green” rivers and landfills.
@@TheWanderingInvestor you are part of the problem. This area is not meant for apartments, and you know that very well! The Chinese and Indians bribed there way from the city council to getting permits for this project! You are promoting illegal projects. You should know better
Great Wall Gardens is a Chinese project which has taken over 4 years to complete phase 5. Not all Chinese developers are as efficient as stated in the video
Yes! I've heard from a RUclipsr who lived in China and bought an apartment there that a lot of the high rise buildings were poorly built and have structural problems. Never mind the fact that they over estimated how many they'd need. Aren't most of them (in China) still empty?
@@emilybh6255you heard. Stop listening to propaganda
@@Benkimaru It isn't "propaganda" if it came from someone who has been there, saw it first hand, and documented it.
and now i believe allegedly it has a court case if i am not wrong allegedly
I have been following you since your first Nairobi Video when you went to Syokimau and Great wall apartments, Athi River.
Well, congratulations on your first purchase.
Thank you 🙏
La patience paie toujours après les anciennes vidéos sur le marché de l’immobilier à Nairobi tu as fais un excellent choix selon moi de te placer dans ce pays prometteur avec une qualité de vie extrêmement intéressante vu le nombre d’afro-américaine américains qui s’installent de plus en plus Congratulations 👏
@@benbukerakadonbenito merci
what about the land thuggery going on in nairobi by actually this alleged foreigners allegedly
Welcome back to kenya your visit is always beneficial
Greetings,
After carefully listening to your presentation, you pretty did great. As an investor in kenya , I too encourage more investors to buy property in kenya especially Nairobi and the coastal areas
Thanks for that constructive conversation, deep insights
Very interesting video and deep analisys. I didn't know that Kenya is such good oportunity for invetors. Just a few days ago I saw a document about a huge slums in Nairobi. Now I see the other face of this town.
They normally don't show the real picture of Africa 😂😂😂
Slums are there but at the same time the place is super great. Weather awesome, businesses thriving
How are you. Your very first video was so inspiring I ended up buying an apartment at Great wall Gardens phase 6. I want to thank you and let you know You Did It!!!
Did you find a tenant already? Just wondering how long to search in the outscirts of nairobi.
...Some don't rent but they buy for vacation or business purposes@@stephanmunstercity6371
wow, such a small world lol. i live in phase 4
I’m so surprised from your video thought you would not come back. Congratulations!! In past you mentioned a concern about maintenance has it improved?
@@emo7696 Thanks. Yes. For example this developer realized that just handing over apartments was not good enough because the maintenance was poor. So now they stay in charge of maintenance after handover in order to preserve their brand.
You are giving a good explanation concerning economy.Kenyans need to share this video.
Great video, thanks for insights 🙏 Super interesting to me as I just bought the apartment in Cape Town in brand new off plan project for Airbnb investment purposes. Just curious You have any units in Cape Town? Can we also get info from you about this project if they have still available units? ✌️
@@furkanbaskak5647 Thank you. I don’t own real estate in CT, but amazingly beautiful city for sure. You can reach outnto Pratik, he ca let you know which units are still available: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
Welcome back to nairobi sir
@@gikanganjugi6116 Thank you 🙏
Mnakaribishanga kila kitu
@@decoloniz_afroUyu ni wale collaborators waliokaribisha wakoloni
nyinyi ndio mngebebwa kama slaves zile siku. ati sir. jiheshimu mzee
@@decoloniz_afro hadi anamwita sir. yaani imagine ati ni baba ya mtu or mzee wa familia
I'm very impressed by your content and the way you give an expert analysis of the current and future real estate outlook. I'm a Kenyan living in America and when I was building apartments, I was surprised that two bedroom apartments are highly sort after. In America most people prefer 3 bedrooms. My apartments are two bedroom ensuite and are always occupied. That really surprised me.
Are those apartments yours or you're just an architect?
@artisthusnatalal3099 they're mine. Thanks for your response
Kenya real estate is growing rapidly, Hope you buy more and more properties.
I lived very close (Mpaka Road, Parklands) to Westlands for a decade in the 80s. Westlands Administrative Division consists of 7 subdivisions of which Parklands is one of them. Westlands is a beautiful and affluent mixed residential and commercial neighbourhood, with a sizeable expat population, and is located close to Nairobi's central business center. It is a preferred choice by many as it close to top hospitals and schools, banks, malls, offices, hotels, restaurants, bars and clubs.
3 key things that I would look for in a residential apartment in Nairobi or elsewhere are the area (neighbourhood), reputation of the builder, and amenities provided (should include top-notch security).
I've been burned buying off plan in other countries. Many developers promise the world but deliver very little but I'm sure Nairobi does better in this regard. Gl
I’m managing my expectations. There’s only so much one can expect for super prime real estate at $1000-$1200 per m2.
The main thing here is to get it delivered as promised
Big mistake. Never buy offplan, including here in Nairobi.
@@TopWriter-hd9jhI have bought in Tatu city and I will do it again. Scared money makes no money 😅
@@MikeJones-lu7fk Please share. Where is this Tatu city?. What opportunities are there?
Fantastic video on property investment in the heart of beautiful Nairobi ,Kenya.
Unlike other property investment videos seen ,this one stands out in my view !
All the relative important questions in respect to investment along with all pros and cons when investing and buying property were well captured excellently ,not too mention ,taking we the viewers to the actual sites where intended construction is believed to happen and the real deal braker in my opinion 😀was showing property investors to always be keen on finding out who their next door neighbours are or will most likely be in future which in true honesty many property agents never show who the neighbours are very well knowing the beautiful interiors they are showcasing online have views that are already obscured with no natural light that is a beautiful part whilst investing in a luxurious property.
Undoubtedly an important key point that sealed it for me in the video when you showed the viewers the aerial view of the property and what could possibly happen most likely if the neighbours were too sell , extremely key factor whilst investing in a multimillion beautiful apartment.
Needless to say ,congratulations on your apartment investments and most assured with the rate of beautiful properties coming up you will be highly enticed to invest again 😊👍🏾
Kenya 🇰🇪 is a beautiful country and indeed it is your second home now.😊👍🏾
All the best in all your future endeavours and do enjoy the beauty of your new home Kenya and the amazing wonderful adventures that come along with it.
@@YUSUFSAIDMUHIDINGATIBARU-d2m Thank you my friend 🙏
St Michael's is a little quiet road, really a lane. Incredible that such a giant edifice is being planned here.
If you can afford the bribe if you can get anything in Kenya.
Why not go to Mombasa? The coast of Kenya is undergoing major infrastructure development from highways to highrise buildings and malls! Kenya isn’t Nairobi only! 😊
6:17 You’re right! The sources of FDI coming into Kenya is much more diversified compared to those going into West Africa or Southern African countries! No wonder Kenya’s economy is quite resilient!
Yes, the coast is very interesting as well.
Someone went on a shopping spree 😄 looks good. Love you're channel, no nonsense and good research.
@@bananacy thank you 🙏
Quick question regarding the anticipated currency devaluation. On face value you are definitely right it would be cheaper for you if the currency devalues over the construction period but wouldn’t this currency devaluation also impact the developer negatively ? Their cost of materials and labor( in shillings) would increase and eat away their profits which could in the worst case mean a bankruptcy and a total loss of investment? So there seems to be a sweetspot of the devaluation rate of the shilling🤔
@@Blizzadman Correct. The labour part would be fine, the import of materials less so. They’ve been operating a long time in Africa and hopefully have learned from this.
But yes, you are right, there is a (fairly wide) sweetspot.
The best places to invest in Kenya are the upcoming towns near Nairobi eg Kiambu, Thika, Ruiru, Athi River, Ngong and Kitengela. In those areas rent is growing and property prices are lower.
This developments and others reducing the green space in the area. Complete environmental pollution.
How do you plan to manage power blackout or shortages that come without notice sometimes: Imagine a Blackout on the Last floor up of this building and you have an emergency matter like a sick person; And about sometimes water shortages >
@@sly274 They have backup generators
Hmmm don't imagine this is a reality for some of us, never again.
@@lizo7898 I ASK THAN BECAUSE AM A KENYAN; ISSUE OF POWER SHORTAGE WITHOUT NOTICE AND CUT OF WATER WITHOUT NOTICE IS POSSIBLE; SO WHEN YOU ARE IN SEARCH BUILDINGS BUDGET AND HAVE BUCKUP ALWAYS
This is amazing id really appreciate getting the chance to meet the investor and also work for him
Thank you for this great video, very detailed with invaluable info. Looking to relocate next year and was crunching numbers to potentially buy a property to live in as well as invest. Your video couldn't be more timely! :)
All the best
Thank you for marketing Kenyan real estate. I hope the prices are the same for everyone....not raised prices for foreigners. That would outprice the locals. Otherwise investing in Kenya is wise...Africa is the future. But Kenya needs jobs for the younger generation. So, bring investors who will invest in productive activities....èg...I lived in Canada....lots of vegetables are sliced and packaged. In Kenya lots of produce is lost after harvesting. Bananas should be dried. We need food packaging industries. Mashed potato flour and couscous with dried vegetables.
Thank you 🙏. Same prices for everyone.
Thank you...
Thank you for visiting my country Kenya 🇰🇪, Your videos are so encouraging
Please elaborate on insurance policies of the apartments in case of partial or total destruction of the apartments due to natural disasters or human destruction. More over If there's insurance, what is the premium price, and what does it cover it.
Good point. I haven’t looked into it. This being said, people mostly self-insure.
Just make sure that your property does not sit on riparian land
Thanks for your response. Here in USA, some condominium associations fee covers the structures of exteriors of the apartments, basically the skeleton of the apartments. Owners responsible for anything inside the apartments and owners buy additional insurance for that purpose. There are owners association bylaws that stipulate share and individuals responsibility in case of lost due fire or some othe natural disasters.
I would like to be part of your wandering investor community. Happy to travel and invest with you. Any opportunities/events that you'd progress in expanding your team?
@@egykicsitmindenhol Thank you 🙏. Feel free to reach out on the website.
This is great we offer travel and relocation services to Kenya. He is telling the truth!!
Quite informative video. I thinking of going over to have a look myself
Hawa wanakuja kununua Mashamba kwanza cheap juu wanatumia Dollar mwishowe Wakenya watabaki shambaless na bei ya chakula kubandishwa hawa hiwezi wa affect juu pesa yao ni valuable
Wakenya ukiwaambia hivi , wanasema hujasoma....ndio komana tz wako na maisha bora....they dont compete with foreigners for land
@@PatrickMaina-u9l What do you mean ? Poor Tanzanians are just affected as the poor in Kenya. Having a land is only valuable when you put it to use , kenyans sell and buy land for development purposes that's why they are richer. Hata DRC watu wengi wakona mashamba but they are still Very poor.
Stop electing Must Go and maybe this type of issues will be properly streamlined
@@muiruri_44 kenyans are richer, are you crazy....kenyans die of starvation
@@PatrickMaina-u9l Kindly name me one person that has ever died in Kenya due to starvation , that stereotype should stop. Everyone knows Kenya is 80% dry and people are due to face draught but y'all forget there are global , local and government organisations that daily feeds this people. And please, being a richer country doesn't mean everyone will live perfectly, the richest economy In the world still has beggars wallowing for money in their city streets
Very informative video Nairobi is one of the most interesting markets for many reasons thanks for the in depth reviews sir!
You have discussed a lot of things, it is very good
Thanks for your love react
Great video ! Very informative
You said you wouldn't invest in Kenya. What made you change your mind? Did you get around the taxes?
@@Smerzone Maintenance and property management standards have improved, and relatively speaking to the rest of the world Nairobi has become very affordable
@@TheWanderingInvestorbut very expensive to the locals...
Shocking...Kenya has no money.
Nairobi is a true hub in Africa. Well said. Thank you for marketing Nairobi to the world.
Very interesting diversification. Thank you for showing the pro and the pros and the cons
Very interesting idea. I especially like the idea of buying the property with a loan in Kenyan Shilling. Just wondering... Let say a devaluation would happen. Would be property developer not go bankrupt? All cost would go up, but you bought in at a long price. I imagine property developers in Kenya have experience with inflation but how would it work as an investor?
@@wubbebos You’re right. It’s one of the risks. Generally speaking these Chinese developers who have been operating on the continent are well versed in this risk.
There is always Provision for Risk which is part of the pricing when cost valuation is being done and this can be done in dollars converted to kenya shillings which is still the same.
Kenya needs to restructure their debt and diversify their economy to make it more robust. Skilled labor & high wage high skill jobs are key 😉
as a kenya why sould a chinese build in our land and profit from our land Ruto government is a joke
Exactly
is there someone stopping you?
u r a fool join ruto government and continuing your foolishness'
Your observation exposes some deficits on education level.
How many Kenyan companies have the capital, expirience and technology to deliver such massive projects expeditiously within reasonable cost?
My understanding of Chinese developers in KE is that their finishing is subpar. The buildings look good but the finish starts to break or peal 1.5 years in. Buyer beware. This is Kenya. Corruption is everywhere.
Chinese are bribing our corrupt officials and doing shoddy jobs
NA si kwa ubaya...
Do you have seen the previous projects of this developper? I am asking coz in the video there was no information about the quality of the construction.
have seen many new built in Nairobi from chinese developpers, most deliver low quality which is okay regards to the price.
But some years later problems are starting...
So if you bought 3 apartments, one strategy might be to sell 2 of them after construction is finished for a high price and get the remaining one for free.
Insightful questions you asked,amazing development there
you are the people who are coming to kenya and rising the prices in our country
@@justlimo6944 this would be true if we were buying existing appartments. But we are investing in new appartments. This means the supply of rentals will increase. This helps reduce/stabilize rental prices and increases the quality of the rental stock.
Very nice video ,watching from Kenya
Hey, does it come with parking?
How about electronic door key?
@@vahidd6835 Yes to both
The beautiful tree lined neighbourhood will soon be a concrete jungle with these mamoth developments
Have you considered anything in SE Asia? Vietnam, Thailand, Cambodia, Malaysia, Indonesia etc
Yes. I have in the past and never liked the numbers. The market has crashed hard since then in Cambodia and will go back there.
@@TheWanderingInvestor The market overall did not really crash that hard, but it is important to be on the ground, it is a very peculiar market, lots of time on the ground to understand the local game and when that work is done , the local market is full of opportunities.
Upperhill is more premium than westlands
Is upperhill kilimani?
This is nothing but a marketing speal
Chinese developers don’t go bankrupt ???
Have a look at the dozens of abandoned apartment constructions in Cambodia (Sihanoukville)
In Kenya.
Sihanoukville was different, it was mostly money laundering and a way past Chinese capital controls. Very different dynamics. Here in Kenya the demand is local.
Wakenya mtahamia chalbi desert Sasa. Hamna lenu, ng'o!
Whats your point?
What do you want to do with my point?
Hatuwezi hama!..aje sasa!..kama ni mbaya hawa ndio wataondoka!..😂😂😂
@@fatmahnoor3717 hapo Sasa 😅
Wacha wajenge na pesa zao!..wakuje wote Kenya..kila mtu aite watu wake!..wajae Kenya..wajisahau Kenya siku yao itafika!…the more Kenyan youth hawana jobs..na hawana makao..wakenya watachukuwa Hizo nyumba!..
Good stuff!
Karibu!
This is just a masterclass on how to invest in real estate
UN&Red cross claim tò help the poor ,showing US children on the Television with flies on their in EUROPE while the y router in Kenya buying Luxurious houses. What a Pity
Luxury houses, 80k USD salary and free school fees for the "expat kids" not to mention hardship pay and a brand new SUV every three years.😂😂😂 Helping indeed, helping themselves for sure.
Those are just scammers
They get extream salaries.
It is a Scam.
Look at how much the CEO earns - more than an person's salary in Africa.
Very poor yields, you get better yields in he NE of England, and Germany!
I see you've changed your mind to get on the Nairobi property bandwagon. But your main reason in the past was the 30% rental tax imposed on non-residents. How do you now feel about it?
@@neonomad1939 Yes, and property management / maintenance levels have improved.
About the tax issue, it doesn’t seem to be too much of an issue. And I’m in it for capital gains as well.
Rental tax is 7.5% for small retail investors. My concern would be over- supply of apartments and excessively high density with no set back from neighbours, too many floors, no trees, no green space. We don't want our city to be a concrete jungle and Rapthta Road has always been green.
Four scammers pretending to buy apartments in kenya Nairobi.
Work around the taxes ? Would you try this in Europe or in the states ???
Yes. As long as the work around is legal
Rich americans do it all the time, including the president
Amazing bravo guys!!!🎉
Hey, I looked everywhere and I can't find the contacts of the developer
@@josephharlem6192 thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
As a Somali Kenyan 🇰🇪I will always go with Indian developers.😊because of the standards.
So one concern I have is that are foreigners allowed to buy property for rental income? I currently live in Nairobi and am very interested in buying property
@@oadefisayo Yes, foreigners can buy property and rent it out.
Please don't bring your white supremacy attitude to Kenya. The Kenyan youth are about to take over the country in the 2027 elections and we will deport foreigners who behave badly
There are trees? Yall chopping down our trees to pave way for high-rise buildings!!!
Amazing insight
It sort of sounds like the injunction is a background factor of instability and risk. Also it seems strange that no African entrepreneurs are being interviewed.
Because they still think we're not good enough and all you have to do is live in Europe to know African construct way better houses than the. The only thing Africans are behind on is finishing due to lack of regulations but quality and functionality Africans win hands down.
He's with his friend, developer and agent. I don't see anything wrong
@oness1334 There is nothing wrong. I just thought there would be input from a local Kenyan.
Looks like a bungled investment to me, but good luck.
Nairobi a construction site, but funny enough Kenyan engineers lack jobs. The international property developers are coming with structural designs already done. No jobs for professionals are created from these projects.
Ruto’s govt.
There is need for a lot of regulation in this area
They’ve been there since ages but had not thought of something a kenyan can afford 😢
Kazi zao ni mbovu, ndio komana
@@rukam3 Peleka ujinga na siasa zako mbali. Has Ruto been President for the last 20 years? Takataka wewe.
What is the name of this company?
Je bosse en face du Carrefour et je confirme le quartier est génial ;)
@@iammobenal Haha merci!
This is great Drew
Watching from the Caribbean
Would def love to invest
Would like to connect
@@samanthamerchant702 Pratik can help: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
Did you buy the apartments as a natural person or through a company?
@@jhelton1551 I can elect either when the title deeds transfer takes place in about 2-2.5 years
In your last video about Nairobi, you were quite negative, now all of a sudden you're investing??
Hmmm
@@pbubalo I changed my mind clearly. The markets have changed
I suspect its his currency speculation and the fact they structure the payment plan in the local currency vs USD. Even if you are negative on something, when the price goes down, it offsets your risk.
Unfortunately, the properties that were going for $40,000 at the time are currently like $60,000+. The value is increasing tremendously. Not sure what is pushing that!
what happened that the market has changed since your previous video?
Are you able to address some of the concerns you mentioned in your 2021 video?
Operationsal challenges....
Poor maintenance and property management issues?
Poor staff and dodgy deals being done without the landlord or property manager knowing?
Issues with money laundering and poor reputation of developers, has this improved?
Does Kenya offer any permanent residencey or CBI options?
You mentioned concerns regarding Nirobi having lots of space, and how oversupply is growing faster than the pace of growth?
Are you able to talk more about the 30% tax on gross rental with no deductions?
You also mentioned listed Equities as being a better option and higher dividend yields?
Thanks
ruclips.net/video/_wI8xjrTNv4/видео.html
Can Alex your agent be willing to get us tenants in Riverside?
@@linetoweke Ask Pratik: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
Kenya and Africa are the future. Europe, unfortunately, has stagnated.
Actually degrading day by day.
Africa has and will always be a shit hole
Please we don't want westerner coming to invade us. Stay in Europe and make it great again.
Please stay in Europe
Thats why they going to africa to make it stagnated!
Politically it's very unstable. I wouldn't put a dime there. There go a be some sort of chaos
The last time i watched this channel it was @ 5k sub. Good progess.
@@jafanmulama7999 Thank you 🙏. Thanks for coming back to check in 😉
What about income tax and residency
@@melaniesmith3954 Income tax is ambiguous. Pratik can explain. Residency possible if you buy through a local corp but expensive to maintain due to heavy immigration fees.
What's the name of the development?
@@gracet.6356 thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
one bedroom monthly rent is pretty beautiful
Why blur the company logo 😂😂 so weak
What is the name of the developer and contacts?
@@gyaviraangel7210 thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/
Please correct me if I´m wrong but as far as I know you need a physical adress + local Bank account in Kenya to buy property as a foreigner ?!
No
@@TheWanderingInvestorinteresting mmm!
Surprised you buying off the plans. Cant add or create value. So you're either speculating on rising unit prices or you believe the developer is leaving something on the table. Both seem unlikely. Good luck.
Would you ever invest in commercial projects abroad?
@@TK-ne2yo Sure
Wow so good to see they are still walking free, dear unsuspecting investors, booking fee ? from other projects to start this project.
Water sources?
Nema approval,
Court injuction s 😂
Maintenance ?
Anyway everyone has to discover on their own, my 2 cents.
Like watching a bad movie all over again.
Cheap building materials
Lets just say be ready to repair something every month, lessons learnt never ever again this developer.
Have you considered Unity one apartments?
@@glithKe I saw many developments, don’t remember all of them.
You are able to buy 3 apartments, and here I am, homeless. Good for you.
Invest in real estate Of Morocco, they’re hosting the African cup 2025 and World Cup 2030. You could get as many apartments you can afford and utilized them as an AIRBNB
How long does a World Cup or African cup last? Would that be a prudent decision just based on an event that would likely not return to the same location in eons 🤔
@@AA20009 Very low rental yields all over Morocco
ARE IMMIGRANTS IN KENYA ? WHY EXPATS?
Great video and thank you for an insightful perspective.
I am Kenyan living in Nairobi and I am 61 years old. I am interested in leaving Nairobi for the outskirts of Nairobi city.
I would like to get in touch with the developer Alex. I am wondering if he has considered venturing into development in the countryside in say Machakos, Kajiado or Limuru?
There is a growing demand for for "Over 55" semi retired or retired Kenyans who would like to move away from the hustle and bustle of Nairobi city life and live in the countryside. The houses would be two or three bedroom bungalow in a managed community with all the amenities available.
Their location would be close enough to drive into Nairobi once or twice a week but then runnaway to the countryside where they reside permanently where it is quiet.
I have seen single story bungalow developments for the "over 55" market working very well in Arizona, USA and I think it is an opportune time for this model.
Please let me know how I can contact the developer.