Why Buy Land in Mombasa Kenya?
Mombasa is Kenya’s second largest city. It is considered to be one of East Africa’s biggest economic and cultural hub thanks to its port, tourist attractions and investment opportunities. The city is home to East and Central Africa’s biggest and busiest port, which serves Kenya and landlocked countries such as Uganda, Rwanda and the Democratic Republic of Congo.
The strategic location of the port and city has enabled the Kenyan Government to enhance infrastructure, and bolstered development not only in the island town, but also in the greater coastal region. The Lamu Port – South Sudan – Ethiopia Transport corridor, which aims at opening up the latent areas in Northern Kenya, is one such major infrastructural development. The corridor involves the construction of a port at Manda Bay in Lamu and a standard gauge railway line to the South Sudanese and Ethiopian capitals, Juba and Addis Ababa respectively. Another major project is the the construction of the new berth in Mombasa, with the aim of strengthening its capacity to handle cargo.
At the same time, technological advancements such as The East African Marine Cable System (TEAMS), EASSY, Seacom and the Lower Indian Ocean Network (LION2), have been instrumental in boosting Kenya’s internet connectivity penetration. They have also greatly enriched connectivity to United Arab Emirates, Uganda, Tanzania and Rwanda. Some of these companies have their base stations and cables running through privately owned or community land.
Land for Sale in Mombasa: Beach and Town Plots
With all these and other projects in the pipeline, buying land in this region is certainly a good investment. In 2014, Mombasa Land for Sale range from KSh 1,500,000 to 25,000,000 depending on the location and proximity to major road/ ship networks, amenities and services. In areas such as Mombasa Island and Diani , which are key tourist areas, the cost of prime plotsis higher than in neighbourhoods such as Shanzu and Miritini. Still, plots for sale in Mombasa are cheaper than in most parts of Nairobi .
The real estate market in this coastal city is vibrant and competitive, and both local and foreign investors are rushing to grab a piece of the fast selling properties. These include beachfront plots, town plots, farmlands, and commercial land for sale that are located further inland. It also includes many houses and apartments for sale and rent
The land sale available is suitable for personal and commercial purposes. With regard to commercial purposes, several plots on offer are ideal for setting up high end or mid-range resorts, social amenities such as schools, health centres or mixed use developments such as Vipingo Ridge.
Pictures provided by Flickr