This archive report was first published on 17 December 2019.
Kenya's economy is characterized by a high percentage of low and middle-income earners, with small and informal businesses making up the majority of enterprises. The informal sector accounts for 82.7% of employment, with individuals seeking affordable investment opportunities within their means.
Published on December 17, 2019, this article highlights five areas in Kenya with affordable properties, offering flexible payment plans and prices as low as Ksh 199,000.
1. Kangundo Road ¶
The area is experiencing growth due to the anticipated construction of the greater Eastern Bypass, driving demand for real estate. The completion of the Outer Ring Road's dualling has eased traffic between the city centre and Kangundo Road, making it an attractive location.
According to the Machakos County Land Report, land prices in the area have risen by an average of 8.54% per year from 2012 to 2017. Its proximity to Nairobi has positioned it as a lower-cost alternative for investors, with prices starting from Ksh 399,000.
2. Konza ¶
Konza Techno City is a national flagship project under Vision 2030, aiming to propel Kenya to middle-income status by 2030. South Korea has committed Ksh 10 billion to establish Kenya's first graduates-only Information Technology University at Konza Technopolis, set to open in 2021.
The proposed Ksh 300 billion Mombasa-Nairobi Expressway will bypass the capital city, branching off just past Konza and terminating onto the Nakuru-Nairobi highway in Kikuyu. These infrastructural projects are positively influencing land prices in the area, with properties selling for as low as Ksh 299,000.
3. Matuu ¶
Matuu has experienced rapid growth in recent years, becoming one of the largest urban centres in Machakos County. The area is mainly an agricultural production hub, enjoying increased commercial activity due to its status as a key transit centre in the region.
The recent tarmacking of Kivandini – Masinga Road and the upcoming cement factory, as promised by Machakos Governor Dr Alfred Mutua, have contributed to the area's infrastructural growth. Properties in Matuu are selling for as low as Ksh 199,000, despite its proximity to amenities such as schools, health facilities, and shopping facilities.
4. Nakuru ¶
Nakuru is the fastest-growing town in East and Central Africa, according to the United Nations. The Cabinet has approved the elevation of Nakuru to city status, and preparations are underway for an upgrade to an international airport at Lanet airstrip.
The county's rich agricultural wealth has seen land prices rise by 9.46%, according to the Nakuru County Land Prices Report. Despite the massive growth of the town, properties in Nakuru are retailing at prices as low as Ksh 350,000, making it an ideal investment opportunity for young people.
5. Tinga ¶
Located approximately 65 km from Nairobi CBD, Tinga Town is situated just after Ongata Rongai and Kiserian Towns. The area enjoys modest schools, hospitals, a police station, water, and electricity, among other social amenities.
The greater southern bypass is set to open the area even more in the near future, making it an attractive location for investors. Properties in Tinga are selling for as low as Ksh 199,000, with available instalment payment plans.
