Friday 7 October 2011

Using Best Land Prices

By Alfred Tanya


Ideal Land Costs About Nairobi, Kenya - Cost KES 600000

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At present the top land value about Nairobi is usually to be identified inside the location among Mombasa road on 1 side, Kangundo road, Eastern Bypass on the other and Kangundo-Machakos road on the end.

In this location is exactly where the Higher Eastern Bypass is at present getting constructed.

Prior Finest Land Costs

Inside the last two years [2008-2010], the very best and value was to be identified along the existing Eastern Bypass in between Mombasa Road and Thika road passing via Njiru. Land cost was about KES 150,000 to KES 200,000 per acre when there was no all-weather road. When the road construction began, the cost rose steadily. Now that the road construction is total, land cost next to the Bypass is about KES 8 to 10 million. This cost keeps rising on the everyday as demand creeps in.

Cardinal Rule In Purchasing Land

Men and women who saw the light earlier on and bought though the land cost was KES 150,000 are now laughing all of the technique to the bank. The cardinal rule in investing in land is uncomplicated: Investigation on regardless of whether you will discover plans by the Government to put in infrastructure, purchase when there isn't any infrastructure and sell when infrastructure is in location. A kilometer of tarmac road expenses about KES 50,000,000 to put up. This indicates that its only the Government that may afford to put up tarmac roads as a result, land value will appreciate along the tarmac road as opposed to off the tarmac road. This is why an acre of land in Kitengela next to the tarmac at KES 30,000,000 is far more high priced than an acre of land closer to Nairobi-Syokimau, two km off the tarmac going for KES 10,000,000.

Places including Ongata Rongai and Kitengela had been when superior buys 10 years ago when there was no infrastructure. Presently, an acre of land in Rongai much less than 1km from the tarmac expenses about KES 20,000,000 and which is if you're lucky to locate it. Men and women who bought this land 10 years ago got the very best deal.

Take Benefit Now

The Higher Eastern Bypass is at present getting constructed. Plots about this region that is very easily accessible to Nairobi CBD [approximately 40 to 60 km from Nairobi [ CBD] presently expense among KES 600,000 to KES 700,000 per acre and KES 80,000 per 1/8th. When the Bypass construction is by means of, the plots will certainly shoot as much as KES 8 to 10 million per acre just like the ones along the now-complete Eastern bypass.

At present, we have numerous 1 acre parcels along the Higher Eastern bypass for sale for in between KES 600,000 to KES 700,000 and KES 80,000 per 1/8th acre plot. Presents to purchase are invited.




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