We buy land for many reasons, but primarily, we purchase land as an investment to save and build a good nest egg for the future. This is a common practice worldwide. 

The cultural legacy of buying land in Kenya

In Kenya, people often buy land due to family pressure and as a rite of passage once one becomes a working individual. This tradition has historical roots dating back to the colonial era when all the land belonged to the queen at one point and was later redistributed by the first governing administration. As a result, the first generation sought to regain lost land, which led to purchasing land in various locations. Purchasing land is seen as a more tangible and secure investment than leaving money in the bank.

Unrivalled global growth rate since 1963

Hassconsult reported that land in Kenya has outperformed every other investment class since independence. The investment returns of land have surpassed those of different investments, making it a favourable choice for investment. This trend is likely to continue as long as there is stability, a functional government, security, land rights, and the enforcement of the law. This makes buying land a compelling option. In recent years, Kenya has outperformed most global markets, with Nairobi surpassing cities like Tokyo, London, and New York in regards to property value growth. It’s worth noting that Upperhill was once acknowledged as the most expensive real estate hub outside of Sandton, South Africa, highlighting the undeniable value of Kenya’s land market.

In summary, some may believe investing in land is more profitable in other places, but Kenya remains an excellent choice. The historical data of exceptional investment returns makes it a strong player on the global stage. 

With its rapid urbanisation, growing population, and increasing demand for land, Kenya’s real estate market is on a steady upward trajectory. Cities like Nairobi, Nanyuki, Kisumu and Eldoret are expanding significantly, which drives the need for residential, commercial, and agricultural land. This surge in demand, ongoing infrastructure development, and a relatively stable economy create a favourable environment for land investment. As a result, landowners are likely to benefit from long-term appreciation, making Kenya an increasingly attractive destination for local and international investors.

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