I am currently spending a few weeks in Kenya. My trip started off with some beach time and amazing safaris, but I am now in Nairobi looking at investment opportunities.
This video will give you insight into my research process for real estate in emerging markets. Sure, I speak to lawyers, agents, and check out ads online, etc.
But I also spend significant time on the ground looking at the neighbourhoods first hand, and speaking to people I approach. By chatting with locals I learn a lot:
- The actual rents versus what the developers/agents tell me or whatever I find online
- The profile of tenants and people living there
- Their motivations for living there
- Finding out about issues. Could be traffic, odours, or anything not “promoted” by people selling you the investment
- Potential local catalysts for growth
In this video, I go check out middle class housing 40 minutes outside of Nairobi, selling for $250 per m2 (23 per ft2). Booming demographics in Kenya, high gross rental yields (10%), and a low price point ($27,000 for a 3-bedroom apartment) make this an investment worth looking into.
Even if you are not interested in investing in Kenya, watch the video to open your eyes to the World of Opportunities out there.
You can watch the on-the-ground video here.
If you are interested in the topic of investing in Africa, Tim of the “African Lions Fund” has a great, free newsletter I subscribed to (here). Tim is a fund manager who invests in the local stock-markets and documents his research and travels around the region. I interviewed him a few months back (here).
I also wrote a whole article on the economy in Kenya and the real estate market in Nairobi (here).
To a World of Opportunities,
The Wandering Investor
If you want to read more such articles on other real estate markets in the world, go to the bottom of my International Real Estate Services page.
Other articles on Kenya:
- Making a Real Estate Investment in Kenya, a smart move?
- Has the Stock Market in Kenya bottomed?
- Kenya Stock Market analysis with Fund Manager Tim Staermose
If you want to discuss your internationalization and diversification plans, book a consulting session* or send me an email.
*a consulting session is a discussion about your portfolio and objectives. It does not constitute legal, financial, tax or investment advice.