High returns on Nairobi real estate – 3 case studies with ROI calculations

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▬▬SUMMARY▬▬

I join my Kenyan real estate agent Pratik to visit three developments in Nairobi (where I ultimately purchased four apartments myself earlier in the year), focusing on the premium neighborhoods of Kilimani and Kileleshwa. We explore one and two bedroom options with varying degrees of amenities and finishings, and provide detailed purchase costs, rental estimates, holding costs and management fees to arrive at realistic net yield figures. We also visit some off-plan developments and explain the benefits of different payment plans on offer. I explain my thesis for investing in Nairobi real estate despite the obvious risks, and important factors to consider when investing in the African context.

TIME STAMPS:

00:00 Introduction
00:20 Kenya macroeconomic considerations and public debt
03:15 Who is buying real estate in Nairobi?
05:02 Chinese infrastructure in Kenya
06:39 Tour of Kileleshwa, Nairobi apartment with amenities
10:05 Property management costs in Nairobi
11:35 Tour of one-bedroom apartment in Kileleshwa, Nairobi
12:25 Rental occupancy rates in Nairobi, Kenya
14:13 Overview of Kileleshwa, Nairobi
15:27 Devaluation of the Kenyan shilling and payment plans
17:10 Tour of off-plan development in Kileleshwa, Nairobi
20:05 International property developers in Nairobi
21:20 Tour of luxury development in Kilimani
23:12 Why I am investing in Kenyan real estate
24:00 How to contact Pratik

▬▬▬▬▬▬▬▬▬▬ DISCLAIMER ▬▬▬▬▬▬▬▬▬▬

No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.

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