Jumia House News

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Kenya’s real estate sector is a lucrative industry on the rise, attracting both investors and genuine buyers alike. The sector accounts for about 9% of Kenya’s Gross Domestic Product (GDP).

One of the main four agendas of the current Government is to provide affordable housing to Kenyans. The plan entails building 500,000 affordable homes in all major cities in the next 5 years. These entails a number of partnerships and will mainly take place through Public Private Partnerships (PPP’s).

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Launched in 2013, Jumia House is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently in 21 countries in Africa. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.

It could be a commercial property for your new business venture, luxury apartments or land for sale.

Here is a list of things you did not know about this marketplace.

london

London-building

What Can You Buy for the Price of London’s Gherkin Skyscraper?

The iconic London skyscraper, the Gherkin, has been put up for sale and has already sparked debate on investment in office space. This 40-storey cucumber-shaped building is forecast to be bought by overseas buyers at a price of $1.17 billion USD.

But for those looking for investment opportunities, there are better bargains to be found elsewhere.

In today´s post, we have put together a package of investment properties that are worth a combined 77 million USD – or 0.006% of the cost of the Gherkin tower.

House and Lot in Mckinley Village The Fort Taguig

Location: the Philippines

Price: ₱ 50,000,000 (US$ 1,150,000)

This newly built spacious six-bedroom house has exclusive amenities such as a gym, entertainment room, a balcony and a garden. Situated in Metro Manila, this property is a perfect match for high-end lifestyle seekers.

Luxurious Villa for Sale in Kuta, Badung – Dalung Abianse

Location: Indonesia

Price: Rp 590,000,000,000 (US$ 51,064,205)

This fully furnished luxurious villa located in Bali, Indonesia, consists of three bedrooms, a spacious balcony and has an outstanding interior design.

Seven-storey Shopping Complex – Matara

Location: Sri Lanka

Price: LKR 550,000,000 (US$ 4,220,541)

This seven-storey building is a perfect match for those looking for opportunities to invest in office space. The building is ideal for developing a shopping mall.

Palace for sale of al badiaa

Location: Saudi Arabia

Price: SR 70,000,000 (US$ 18,664,178)

This six-bedroom villa, consisting of 15 rooms in total, has an indoor spa, an outdoor swimming pool and a tennis court. Its solar panels and water tank make it eco-friendly and energy efficient.

Casa en venta con ubicación en Lima, Lima

Location: Peru

Price: ~ S/. 4,305,555 (US$ 1,550,000)

This luxurious villa consists of three bedrooms, a fully-equipped kitchen, a spacious outdoor pool and an entertainment area. Located in Lima, this high-end property has extraordinary interior and exterior design.

eco-friendly-houses

Eco-friendly house

Shelters made from paper, a floating school, monolithic concrete domes: these are just some of the unique, inspiring solutions to address housing needs in the emerging markets.
Whether a reaction to a natural disaster, or a response to social issues such as affordable housing and urbanization, global online real estate portal Jumia House explores the projects providing alternative shelter solutions to local communities in need.

condotel

Condotel

A condotel near the beach in Bali, eco-friendly commercial space in Dhaka and affordable luxury living in Addis Ababa. These are just some of the unique investment opportunities to be found in the emerging markets.

Global property portal Jumia House reveals noteworthy opportunities for international real estate investors outside of traditional investment locations.

  1. Developments beyond the city center

Across Africa, demand for affordable housing is rising. As the high cost of housing has locked many property-seekers out of the real estate market in Kampala, many are now looking for other options on the outskirts of Uganda’s capital city. Affordability, however, does not have to mean compromising on quality. Mega City, one of the largest property developments in the country, is an integrated township of 1200 apartments located in Mukono, a 20 minute drive from Kampala. The  development will offer top-of-the-line facilities to cater for working professionals, including ample parking space, a cafeteria, gymnasium and WIFI connectivity. Prices start at US$40,000.

 

  1. Environmentally-friendly property

Demand for eco-friendly property is rising across the emerging markets, Jumia House data shows. Cityscape Tower, located in the Gulshan-1 district of Dhaka in Bangladesh, is a pioneering commercial development currently under construction. As the developers seek to have the building platinum LEED certified, the list of its environmental features is extensive: CO2 sensors to control indoor air quality, an energy efficient air conditioning system, intelligent lighting, rainwater harvesting, rooftop solar panels and more. Developers City scape promise 44 percent lower energy consumption than other buildings in the area, as well as a 60 percent water saving.

 

  1. Mixed-use developments in strategic locations

Ghana’s business-friendly environment has seen a significant amount of investment over the years, leading to a boom in the real estate industry. Accra, one of the Africa’s leading real estate hot spots, has become a hub of construction activity and investment is pouring in. Developments such as No. 1 Oxford Street have been designed with lifestyle in mind to cater to residents and businesses alike. The mixed-used residential, retail and recreational development is located in the prime area of Osu, known for its bustling commercial center, dining scene and nightlife. There are 10 floors of residential apartments, all of which are fully-furnished and have views over the Atlantic Ocean. From studio apartments to penthouses, restaurants to a terrace bar, No. 1 Oxford Street is strategically poised to meet the demands of the growing city.

 

  1. High-end housing on a large scale

The biggest housing project in Rwanda to date, Vision City is a high-end residential and commercial development. It is the flagship project from the country’s largest real estate developer Ultimate Developers Ltd. This large-scale housing community will have more than 4500 units, ranging from luxury villas to apartments, once completed. It will be built in four phases over a period of eight years, with phase one slated for completion in mid-August 2015. In addition to residential housing, the development also has a town center, which will serve as the commercial hub of the estate. The town center will be a WIFI-connected lifestyle complex with commercial and retail facilities, a supermarket, restaurants, office complex, a luxury three-star hotel and convention center.

 

  1. Property in a tourism destination

As tourist arrivals in Bali continue to increase year on year, the area’s condotel market offers one of the most lucrative real estate investments in Indonesia. Combining a condominium with the high-quality service of a hotel, condotels are usually secondary properties, with owners only permitted to stay there for a limited period of time each year (usually no more than 30 days). Wanaprasta Condotel, located close to some of Bali’s top tourist attractions, is one example that fuses modern design with the area’s beautiful natural scenery. Note that currently foreigners can own condotels for a 60-year period, which can then be extended by an additional 60 years.

 

  1. Luxury at an affordable price

The emerging markets offer plenty of options for those looking to invest in luxury real estate. Designed to look like a blooming lotus flower, Poli Lotus International Center in Ethiopia’s capital Addis Ababa contains luxury hotels, office and commercial space, and high-end residential buildings. Billed as the “first urban complex in Ethiopia”, the development has 13 buildings, each with 12 floors for luxury apartments. Prices range from 2.5 million Ethiopian Birr (US$120,119) for a two-bedroom apartment up to 5.1 million Ethiopian birr (US$246,424) for the most luxurious penthouse apartments.

 

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