Kenya tops global cunning for buyers with high network value, Knight Frank

Nairobi, Kenya, 14. Mai-Kenia, according to the 19th edition of the Knight Frank asset report, has developed as a top destination for department stores with a high network value (HNWIS).

66 percent of wealthy investors chose Kenya as the first choice for home ownership and exceeded traditional global heavyweights such as the United States and the United Kingdom.

With 29.4 percent, the United States was preferred by HNWIS as a secondary investment location, while Great Britain followed 21 percent.

These numbers reflect the trends of the past year, with Kenya maintaining its top position in 33 percent and Great Britain with 25 percent.

“Kenya's dominant preference reflects a strong domestic trust that is fueled by long -term economic stability, a growing real estate sector and national pride,” says the report.

The wealthy Kenyans are increasingly not only seeing as a financial asset, but also as a possibility of actively participating in the economic development of the country.

The attractiveness of owning houses in familiar environments, combined with understanding the legal and regulatory landscape, makes Kenya a top election.

Nevertheless, global diversification remains a key strategy for many investors.

Thanks to their mature real estate industry, legal protection and general economic stability, the United States are viewed as the top secondary market.

Similarly, Great Britain under Kenyan HNWIs, especially in cities such as London, is still a favorite due to historical relationships and perceived security.

“Many investors see real estate in Great Britain as a safe, long-term capital, especially at first-class locations such as London,” notes the Knight Frank report.

With regard to commercial real estate investments, Kenya and South Africa are the leading African goals.

Urbanization, infrastructure development and the forecast economic growth in Kenya have made it an increasingly attractive hub for residential and commercial properties.

With cities like Nairobi, Mombasa and Kisumu, who experience a quick expansion, the demand for high -quality trading areas is growing.

Investors are also drawn by improved transport systems, road networks and access to supply companies, all of which improve the property value.