Changing countenance of Kisumu real estate industry

If you think that Machakos County is fast growing County with high prospects of buildings and constructions of skyscrapers and roads throughout the country then am very sorry to disagree with you hence I’ll suggest you just to take a glance at Kisumu County.

Just less than a decade ago, most developing and developed areas in Kisumu County now were totally different places. Largest portion of these places were bushes, shrugs, cemeteries plus abandoned places.

An example, ten years back places like Lolwe estate, Polyview estate, Riat estate, Translakes estate, Ogango environs etc these entire places were previously bushes and shrubs with scattered semi-permanent structures on them. However if you check out these locations now, you’ll be a bit more than surprised Polyview and Lolwe estates are definitely the most fast growing estates in Kisumu County, given the fact that Polyview estate was once a cemetery, Translakes never even existed and Lolwe was an abandoned place, the places have done quite so well with regards to real estate industry is concerned hence the entire credit goes to the Kisumu real estate stakeholders.

Polyview takes the top marks in areas preferred by young middle class people (doctors, engineers, entrepreneurs) etc. the properties within the area are built in a fully organized manner with more modern designs.

Resulting from this, the land rates have continued to go up due to the reason that the stakeholders in Kisumu real estate are scrambling everywhere to put money in this “hot cake” property with huge returns. The land prices here have escalated tremendously to the fact that a 300 square meters goes out for about Ksh. 3M which simply indicate that an acre ranges from Ksh. 15M.

One would see that it is very difficult to believe that this magnificent estate with great ambience was once a grave yard where no one would even dare walk on it alone in the dark and also even during the day, as a Luo culture it was believed thatthe people buried there were once in a while hovering freely at night. This belief was shut three decades ago currently stakeholders in Kisumu real estate cannot hesitate to obtain and invest in the land as its preferred by many residents of the lake side region.

Kisumu is a county that is actually fast growing with plenty of natural resources that features real estate sector, tourism sector, and mining sector; fishing industry etc. several investors from abroad have invaded directly into the County to engage in the thriving business of real estate investments in Kisumu.

For more on Kisumu real estate news visit: www.westkenyarealestate.com