Kenya has beautiful beaches, friendly people, and an affordable lifestyle compared to the neighboring countries. Kenya is also a great place to buy a house.
If you are considering investing in Kenya, read this article to the end. It will show you the cheapest areas to buy property in the country.
We also have listings that showcase various properties in different regions of the country. Keep reading.
Why You Should Invest in Real Estate
The government favors real estate investment
The economy is growing, giving you a chance for development
Availability of tourist destination centers
Kenya has a good climate, with most areas having moderate heat and coldness
The Kenyan people are business-oriented and innovative, hence creating more opportunities
The population is growing
The young population is in big numbers, and that means more demand for properties in the future
Cheapest Cities to Buy House in Kenya
1. Nairobi
This is the capital city of Kenya, and it hosts most investors in the country. The city's metropolitan area has a huge population that triggers the growth in those areas. Nairobi city registered over 4 million people in the 2019 census.
Despite being the capital city, the metropolitan areas are cheap to acquire and develop land. The good thing about investing in Nairobi and its metropolitan is the growth potential associated.
For instance, you can acquire a three-bedroom house at Ksh 6.5 million at Ruiru. Therefore, if you want to be near the capital city, you may consider comparing home costs to metropolitan areas.
2. Mombasa
Mombasa city has a rich history, beautiful beaches, and a vibrant culture. It is also one of the cheapest places to buy a house in Kenya. Due to the beautiful beaches, tourists come from across the globe to visit the coast. As a result, demand for temporary housing is higher than for permanent homes.
The warm climate of Mombasa makes more people interested in the holidays and not permanent residences. Therefore, if you need a home in Mombasa, you can get one cheaper.
The good thing is you can use your home as an Airbnb destination once you buy your home since you'll not miss clients. The houses in Mombasa start from as low as Ksh. 4 million.
Mombasa is also home to a number of excellent schools and hospitals. This makes it a great place to raise a family. There are plenty of opportunities for employment in the city, and the cost of living is relatively low.
3. Nakuru
Nakuru is one of the cheapest places to buy a house in Kenya. Houses in Nakuru are cheaper than in Nairobi because the town is small and still developing.
Nakuru is a business-oriented community with many people investing in the real estate sector. As a result, houses are not rare, and it's easy to get home at the cost of Ksh 2.5 million.
4. Kisumu
Kisumu is a rapidly growing city and is currently the third largest city in Kenya. The city is undergoing a major construction boom with a number of new developments taking place.
This is resulting in an increase in the demand for housing, which is driving up prices. Secondly, Kisumu is located on Lake Victoria's shores, a major tourist destination. Tourists provide a steady income stream for the city, which helps keep prices stable.
Kisumu is a relatively safe city with a low crime rate. Therefore, it is an ideal place to buy a house, especially for families with children.
You can get a good house in Kisumu with Ksh. 3 million, which is relatively cheap. In addition, the cost of living in Kisumu is low compared to Nairobi.
Conclusion
The Kenyan climate is great, and there are plenty of opportunities to get involved in the local community. If you're thinking of making a move to Kenya, you'll need to find somewhere to live.
You can check our property listings from your interested areas. We can help you connect with the owners for a house tour.
Comment below any concerns you may have, or send us a message.
Frequently Asked Questions
1. What is the price of the cheapest house in Kenya?
With Ksh. 3 million, you can get a one-bedroom house in Kenya. In addition, most of these houses are in areas with most of the important social amenities.
2. Where can I invest in land in Kenya?
Kenya has different climate conditions across different regions. Therefore, whatever you want to do with your land will determine where you can buy the land. For instance, if you want to invest in agriculture, you can find areas with enough water and good soil. If you want to invest in income property, urban centers, and their metropolitan areas are a good choice.
3. How much do I need to build a house in Kenya?
It depends on the materials you will use to build the house with. For example, a one-bedroom brick house can cost between Ksh. 100,000 to 200,000. However, that depends also on the quality of finishing, like floor ceilings and plastering.
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