Real estate is one of the major growing sectors in Kenya, with the need for people to acquire a space to live with their families, houses are in high demand in Kenya. In recent years the real estate sector has witnessed tremendous growth, and, this year the market is expected to pick up after the sector continues to recover from the losses made during the pandemic.
I hope you are one of the people who like to invest in real estate and start earning money. Luckily, you came to the right place , this article will help and guide you on what you are expected to do. At times you don’t even need money to get started in real estate in Kenya. You just need to be smart, determined and focused. There are people in Kenya who are making money in real estate with zero investment.
It just depends on what role you play in this lucrative housing and property sector. This blog discusses some methods you can use to make money with real estate in Kenya.
- Property appreciation
This one remains the prime way of making money in real estate in Kenya. The value of the property always appreciates and in case it depreciates it will undoubtedly come to rise.
One important thing about land is that it keeps appreciating each and every year. This is one of the many reasons people buy land and don’t use it, they just leave it just as an investment. They wait for 5 years or more and sell it when the profit margin is huge.
Those who choose to build homes for sale, also do make money after selling their property. Old homes do appreciate in value too. For example, if you’re a house in Nairobi in 2000, it will have appreciated in value because of its location.