By Dr Paul Bundi Human beings are endowed with remarkable resilience, which can only be broken when they choose to give up. Says Viktor Frankl in his seminal book, Man's Search for Meaning; ''it is a peculiarity of man that he can only live by looking to the future-sub specie aeternitatis. And this is his salvation in thd most difficult moments of his existence, although he sometimes has to force his mind to the task.'' Man's life is primarily driven by the desire for future, the unshakable belief that the future holds promise. We invariably cease to live when we think we have hit a dead end, or that there's nothing more to be had by living. Theoretically, there is no limit to man's achievement, and that is what drives men to wake up and strive day after day. The opposite is spiritual, psychological death, which manifests way ahead of physical death. Lesson? Losing today doesn't mean losing always. You can lose 10 times and win the 11th time. Or, you
As the real estate industry continues to boom in Kenya, people are looking to invest in property. This is because investing in real estate has a lower risk than stock and forex trading. There is a wave of owning a house or land in Kenya and many high-net-worth individuals as well as investment analysts are confident of real estate investment.
Lamudi Kenya Managing Director Dan Karua said: “Investing in real estate guarantees good returns over time depending on the location of the property and the type of property one has invested in. Land in Kenya is very common and people are willing to invest far and wide because infrastructure in the country is growing fast in different areas of the country.”
There are several benefits of investing in land as opposed to the other types of properties in the market.
You do not have to do anything to vacant land.
Once you buy land, you do not have to spend extra to do anything to land. You can sell it as it is. The most people do is to put a fence round the piece of land to show the area bought by the owner. Some agents will develop the land by adding electricity, water sources and construct the roads leading to the land to raise the value of the land and sell it off faster.
Land is a ‘hands off’ Investment
You do not have to deal with tenants or fixing any leaks or any other issues that come with owning a house or a building. Investing in land gives you peace because it’s a long-term investment and a tangible asset that does not wear out. Since prices in the market are flexible in Kenya, one can make a profit in a short time.
Valuable Resource
The fact that they are not making more of it, those who invest in land find out that they have an asset that many would want. Do not be in a hurry to sell it off, once you buy a piece in the right location, it will make more sense in the long-term and get you good returns. For example, land that was worth KES. 50,000 ten years ago is now worth KES. three million to five million per acre.
Start small and buy some of the and going for KES. 100,000 to 250,000 now. As they say, ‘Do not wait to buy land, buy land and wait.’
ENDS.
ABOUT LAMUDI
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 32 countries in Asia, the Middle East, Africa and Latin America, with more than 800,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.
MEDIA CONTACT
Susan Mumbua
Regional Communications Manager
Email: susan.mumbua@lamudi.co.ke
Phone: +254729803214
Comments