The potential of the Kenyan property market has once again been highlighted with the news of a planned development in the shadow of Mount Kilimanjaro.
According to a report from Business Daily Africa, the Kenya Association of Business Groups (KAIG) is looking to take advantage of ongoing demand for top-end holiday accommodation by putting money into a planned tourist development set within the Maasai Mara.
Indeed, the newspaper has revealed that the group already has prospective buyers lined up for the planned units on the 420-hectare site, which is just a short distance from Africa's highest mountain.
Reporting the news, the publication noted of investment opportunities in Kenya: "Real estate has become an attractive venture, offering investors high returns in the past 10 years and outpacing the stock market and Treasury bills."
Just this week, the same newspaper reported how growing numbers of international fund managers are now looking into the Kenyan property market as they work to diversify their assets in the country.
Posted by Bob Brunskill