Kisumu, located in Kenya’s Nyanza region, is a city with a rich history and cultural heritage. It enjoys countless advantages thanks to its strategic location on the shores of Lake Victoria, the largest lake in Africa.
It is one of the ideal places in East Africa where one can watch the sunset over water without being at the coast.
Over the years, the city has emerged as a critical transport hub for the East African region, making it a strategic location for business and investment.
In this blog post, we explore why investing in plots of land in Kisumu is a smart move.
Kisumu City is a popular tourist destination in Kenya. The city’s tourism sector is driven by its diverse attractions, including wildlife, camping, business meetings, rich Luo culture, exciting fish dishes, beach visits, and boat rides.
This has led to a rise in demand for holiday homes, hotels, and Airbnb rentals, making it an ideal location for investing in the hospitality industry.
Investors can take advantage of this trend by investing in the hospitality industry.
For example, they could build holiday homes that cater to tourists who want to experience Kisumu’s diverse attractions. Alternatively, they could invest in hotels or Airbnb rentals that cater to business travellers who come to Kisumu for meetings.
Kisumu is strategically located in the heart of Western Kenya, making it a key regional transport hub. The town enjoys a robust and diverse transport system via road, railway, and air through Kisumu International Airport.
This makes travelling to and from Kisumu from any part of the country convenient. For example, if you’re travelling from Nairobi to Kisumu, you can take a flight that will get you there in less than an hour if you don’t want to take the bus or drive yourself there.
The town is also well connected to neighbouring countries like Uganda and Tanzania, making it a gateway to East Africa.
Therefore, the strategic location of Kisumu makes it an ideal place for businesses that want to reach customers across Western Kenya and East Africa.
Investors can take advantage of this by buying land or investing in businesses catering to these markets.
Over the past decade, Kisumu has been enjoying key infrastructural projects such as the revival of the railway line, Kisumu port, construction of Jomo Kenyatta International Stadium, upgrading of the Airport to international standards, and the construction of several interchanges.
The revival of the railway line, for instance, has made transportation easier and more efficient in Kisumu. This is not to mention how the upgrade of Kisumu port allows it to handle larger cargo ships which, in turn, will lead to increased trade activities in the town.
The construction of Jomo Kenyatta International Stadium will also bring about a lot of sporting activities in Kisumu, leading to increased tourism activities. The construction of interchanges has also helped ease traffic congestion in Kisumu.
Collectively, these projects have been contributing to the growth of the real estate sector in the town, making it an ideal location for investing in plots of land.
Positive Economic Growth
Kisumu envisions a sustainable, innovative and dynamic city through a recent physical development plan. The World Bank-funded Kenya Urban Support Programme (KUSP) is helping improve the city’s infrastructure and key amenities.
Additionally, Kisumu is set aside as a Special Economic Zone by the World Bank. This means the region will become a manufacturing hub, industry, and accessories processing hub.
These developments are spurring the growth of the real estate sector in the city, making it an ideal location for investing in plots of land.
Entry of Real Estate Realtors
Real estate companies such as Username Investments have set base in Kisumu City with attractive land projects such as The Domain, Kisumu Dala, which is located in Kibos along Mamboleo – Miwani tarmac road.
It is close to Kibos Sugar Company, the Great Lakes University of Kisumu (GLUK) main campus, and Makini Schools.
This project offers a perfect entry point for investors to venture into the Nyanza region. If you are interested in investing in affordable plots of land in Kisumu City, it is a great place to start.
The Domain by Username Properties investment offers eighth-acre and quarter-acre plots with essential amenities such as water, electricity and graded access roads, making them ideal for immediate residential development.