I bought 3 apartments in Nairobi, Kenya

[@TheWanderingInvestor]

🇰🇪 Find out more about the project: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/ 🇰🇪 Full analysis of the Nairobi real estate market and investor guide: thewanderinginvestor.com/international-real-estate/nairobi-real-estate-market-investor-guide/

[@XY-rh3if]

Western Imperialists governments with their economic hitmen in collaboration with corrupt and unpatriotic current and past Kenyan leaders, have corruptly indebted Kenya with unnecessary loans in the interests of Western Imperialists governments, their monopoly corporations and Kenyan corrupt and unpatriotic leaders. Except all our leaders take similar stance against Western Imperialism, just as the leaders of the Sahel region are doing, we'll never have a hard currency, a thriving economy and full economic independence from the Imperialists. I wish Kenyans the best, all the way from Nigeria. [ i🇳🇬 ❤ i🇰🇪 ]

[@cheronokemey6638]

this is great ,welcome to Kenya and feel free to visit the GREEN TOWN kericho ,I take you around.full support n blessings ❤

[@BlessedMammy]

very interesting information . I stayed in an apartment made by one of the chinese developer , it looked fabulous and shiny but the pipes were leaking 😢paint fallen off 😢😢😢I hope this developers are better .

[@XY-rh3if]

@BlessedMammy That can happen in any country, particularly in Nigeria. This is why developers were, and hopefully still are required by the City of Seattle in Washington to guarantee against such things for the next 5 years after the sale of a property. There are really crooked developers here in Nigeria who put the love for profit before the love for the precious lives of the innocent. "Lagos, dubbed by one expert who spoke to the BBC as " the building-collapse capital of Nigeria", has seen at least 90 buildings falling down in the last 12 years, leaving more than 350 people dead, according to the Council for the Regulation of Engineering in Nigeria". While BBC isn't really a reputable source, this one is actually true because I live here.

[@artisthusnatalal3099]

​@@XY-rh3if...*Corrupt

[@my0.02cents]

Kenyan Living in Canada. Here is the reason why i rejected property purchase in Kenya. In dollar terms i have not seen price appreciation in well over a decade in the Kilimani to Westlands area. Rental yields are very stable if not flat. At the 1500 to 1kish range in that area. The density of that complex is rather high. There is money to be made in land. The other area i have looked at is low income housing. Its not sexy but between double digit rental yields and massive land price appreciation. it looks very attractive. When it comes to ethnicity each offer something different. Chinese is always on time on spec however you need to do a reno after two years cause its all cheap shit and looks dated very fast. Somalis also fast. They have a very European style but very tacky styling, and bang for buck i prefer them. In terms of where i would leave my money obviously i would pick a Kenyan Somali cause why would i give money to a foreigner to send it abroad. I'm speaking with some authority i have landed properties. However my focus is on rental income stability and growth. You analysis of the Kenyan economy is spot on they are in deep trouble.

[@gw7768]

Am in Kenya and the issue is the rate of apartments development. If you buy from one project, before long there are other better ones all aorund you so naturally everything slows down in terms on rental return coz options increase. In terms of project completion, Chinese are still the best. If you own the project maybe you can influence the quality level of materials you want but also be willing to pay for it and also be practical on your client target and location.

[@my0.02cents]

@@gw7768 This is a very good point. We are slowly getting to where i want us to get to. If you look at malaysia. The condos are amazing and only 90k usd with full pull gym yoga like 15 facilities on the property

[@mctreasure]

@my0.02cents would love to pick your brain and get more insight, I'm considering making that move but need someone with deep knowledge like you to speak to. I'm in Trudeauland as well

[@PatrickMaina-u9l]

​@@my0.02centsbro is that a good thing....Kenyans cant afford this properties

[@PatrickMaina-u9l]

Ndio komana tanzania nitaishi kuwaheshimu....no property for sale to foreigners...

[@XY-rh3if]

This guy is a pro when it comes to asking the right questions with regards to these future project. Every time I watch similar videos of yours, you always leave no stones unturned.

[@ParaLellor]

sniff those turds baby

[@franciscamusa4645]

Nairobi is a true hub in Africa. Well said. Thank you for marketing Nairobi to the world.

[@thomasschwinn1512]

your first video of Nairobi inspired me to look deeper into buying an apartment there. We ended up with an acre in the bush😂, but still, thank you for the inspiration.

[@TheWanderingInvestor]

@@thomasschwinn1512 haha nice!

[@my0.02cents]

That was a better idea than a box in the sky i promise you.

[@HibiscusfamilyKE]

How now? Did you end up buying the acre in the bush? Did you buy land in Kenya while in Europe?

[@thomasschwinn1512]

@ yes, we bought it while not being in Kenya

[@HibiscusfamilyKE]

@@thomasschwinn1512 that's the number one thing you should never do when buying land or house in Kenya or anywhere in Africa. South Africa might be an exception because their cities have systems that actually work and the processes might not be as dubious as they are elsewhere. Even that one in the bush might not be your land. You should always avail yourself and still not lower your guard. To some extent, your skin color will give you some leverage.

[@NjeWane01-e2i]

Your questions were spot on. You're the second foreigner I know who has purchased at this particular development. Nairobi is a growing town. It holds the future of East Africa and in some aspects the world like Mpesa. All the best as you continue to put Kenya forward to your subscribers. Perhaps in the future you can take a volg when the development is complete in 2027.

[@RealSkyeLight]

Interested in checking them out too. What is the name of the development?

[@PatrickMaina-u9l]

Wewe ni mjinga kweli kweli...how does mpesa hold the future of the world......too colonised to see the big picture...

[@justlimo6944]

you are the people who are coming to kenya and rising the prices in our country

[@TheWanderingInvestor]

@@justlimo6944 this would be true if we were buying existing appartments. But we are investing in new appartments. This means the supply of rentals will increase. This helps reduce/stabilize rental prices and increases the quality of the rental stock.

[@GabrielA-mw4in]

It happens in every country.

[@MK-um8fp]

good point...this is exactly what is happening in Australia, because they're not building enough new homes!!! ​@TheWanderingInvestor

[@JohnJohn-gt4zv]

Logically you are right but in practice the reality is the opposite@@TheWanderingInvestor

[@pinchesmbuche4354]

That's back ward mindset poverty detected

[@Dan-q6v1v]

This is a very good area! The best in Nairobi. I used to go to school near here. Even if Kenya has a crisis this will not go down that much. Soon all the good land around the city will be gone. The traffic is a nightmare with people taking hours to get to their jobs in the city. Kenya does not have rail abd drive like other large cities..ie you ride the train to the city and park at large parking lots all along the route out of the city. The traffuc is only going to get worse. Pollution will become a problem as we are a very long way from EV vehicles and infrastructure. Still lots oil around the world. It is sad as Nairobi has the best weather in the whole world! An average 74°F all year round!!! Most people assume all of Africa is hot and dry being close to the equator. Climate Change is real. With the large rain and flooding event will be more common..but that is all over the world...erratic weather..Spain suffered more deaths in their floods this year for a 1sr world country. So Nairobi and Kenya will be just like any country dealing with Climate Change. However Kenya does not have the wealth and infrastructure to recover from major weather catastrophes like the US for instance! However it is still a safer bet than like the Philippines which is on the Ring of Fire or island nations like Seychelles or the Maldives. Kenya has a lot of potential as it is an incredibly beautiful country but no effort was made by its leaders to limit population growth. I remember growing up in Kenya and 45 years driving to the coast from Nairobi and i would star out the car window looking for wild animals along the where as it was all open spaces. Sadly today these areas are full of population centers with mostly unplanned poor communities. Unfortunately tribalism is a huge curse for Kenya and unless Kenya does something like what Singapore with different communities competing against each other. Laws were put in place to force people to form associations with other ethnic groups and not live as separate communities. A nation divided will always fall. Sadly no politician. In Kenya wants to do the hard things for the good of the future of the country. Which leads to all common CORRUPTION. Each person wants to get ahead without concern for their neighbor. No sence of doing what is in the good of the nation. The government neefs to push the notion that one is Kenyan first and last! No Kikiyu or Luo etc. However politicians need to divide and conquer so Kenya may always have that problem. It is a huge loss to the country as you see a Kenyan form a stronger bonf with a foreigner than another Kenya. Adani from India was just charged with bribery in a major court in New York. One wonders how much was passed under the table for Adani to aquire his big project for the Airport system. Kenya could grow well if done right. But those jn charge are not looking at doing that. They lack the intelligence to see when the wool is pulled over their eyes by foreigner investors. Instead the weath and money of Kenya leaves and goes to India or China. The government will have custom agents to catch the small fry taking money out of the country when billions are going out the fromt door. The Railway Station building built in Nairobi by the Chinese was a prime example of complete waste of toms of money...but instead we will see the same thing happening over and over! One can build beautiful design without throwing away tons of money. Unfortunately i am not in a leadership roll as i don't come the royal families in Kenya. And for that reason Kenya will always stagnate. It is shame as Kenya is blessed with so much potential but its leaders will always fail its people. And unfortunately they say the politicians are a refection of the people. I will always love Kenya and its people and hope for a brighter future for all.

[@Zazezoo]

Yep, unfortunately our African leaders in general are happy to swim in money while the citizens struggle to make ends meet!!!

[@Steve-h7v6h]

African is incompetent like a child

[@m.goodengumman3941]

I was born in Nairobi 1960 and my father came to Kenya in 1927 from Punjab India to work along the first railway line from Mombasa to Nairobi, so I know the history very well, I have seen the changes. The population explosion started suddenly in the 70s the power struggles based on ethnicity and taking away of our businesses started at the same time. The lack of investment in infrastructure declined despite lots of foreign aids , but this is still a very blessed land and it's evident that the global people have continued to contribute and invest in Nairobi and Kenya, I consider myself as a Kenyan and always dream of coming back to contribute and have a look around the place where I was born and grew up of fond memories, I hope things are and can only get better. Believe in Kenya. 🙏🧡👍🪯🇰🇪🇬🇧

[@altentic8616]

There needs to be a lobby on the part of developers and society as a whole for local authorities to carry out good planning and projects to widen Nairobi's streets and sidewalks... I think this should be the first thing to be done before they build these new buildings, otherwise these streets will become impassable with so many cars

[@fatmahnoor3717]

Most of this Chinese developers cut down trees to build apartments are messing up our ecosystem!..Nairobi is slowly becoming a concrete jungle!..while our government is watching the destruction of Trees!..they build apartments next to each other no place for side walks!..Narrow Roads for cars only!..no place where pedestrians can walk!..Can a Kenyan developer do the same mess in Beijing?..He will be Jailed..Corruption is messing up our country..Chinese developers do whatever they want coz they pay Bribes!..😂😂😂

[@h456-m1l]

Everything is there, the most recent was made by JICA but the corrupt officials at city hall don't care

[@calvoh9715]

Instead of affordable housing by government, focus should have been on horizontal infrastructure like sewers, roads, side walks, cleanliness, all over the nation.

[@m.goodengumman3941]

Infrastructure stopped in 1970 😅

[@kuskus2m609]

Kenya's rental market is experiencing a building boom, but it's crucial for potential buyers to exercise caution. The surge in projects has created a saturated market, with many developments lacking proper regulation. Furthermore, the income disparity in the country means that many of these projects are not aligned with the financial capabilities of the intended buyers. Before investing, it's essential to research the contractor's building history, have competent legal representation, and ensure that projects are completed on time. Some contractors have run into financial trouble, abandoning projects or delaying completion by months or even years. Given Kenya's weak and corrupt laws, it's vital to do your due diligence to avoid costly pitfalls.

[@mickyjagah]

I have been following you since your first Nairobi Video when you went to Syokimau and Great wall apartments, Athi River. Well, congratulations on your first purchase.

[@TheWanderingInvestor]

Thank you 🙏

[@JoannaK-tl5tu]

Very interesting video and deep analisys. I didn't know that Kenya is such good oportunity for invetors. Just a few days ago I saw a document about a huge slums in Nairobi. Now I see the other face of this town.

[@artisthusnatalal3099]

They normally don't show the real picture of Africa 😂😂😂

[@mutua2016]

Slums are there but at the same time the place is super great. Weather awesome, businesses thriving

[@TheEndlessSea]

The real nairobi is slums. 95% of the population. The current government is compromised and with debt default oncoming most of the city will become a huge dump

[@krissykrissy1105]

@@TheEndlessSea If that's the case then why is the USA and Europe so heavily interested in Kenya AND a plethora of countries in Africa? Hopefully people like you would never be granted citizenship or residency in Mother Africa!

[@benbukerakadonbenito]

La patience paie toujours après les anciennes vidéos sur le marché de l’immobilier à Nairobi tu as fais un excellent choix selon moi de te placer dans ce pays prometteur avec une qualité de vie extrêmement intéressante vu le nombre d’afro-américaine américains qui s’installent de plus en plus Congratulations 👏

[@TheWanderingInvestor]

@@benbukerakadonbenito merci

[@janendegwa5462]

what about the land thuggery going on in nairobi by actually this alleged foreigners allegedly

[@edwardwambugu8800]

How are you. Your very first video was so inspiring I ended up buying an apartment at Great wall Gardens phase 6. I want to thank you and let you know You Did It!!!

[@stephanmunstercity6371]

Did you find a tenant already? Just wondering how long to search in the outscirts of nairobi.

[@artisthusnatalal3099]

...Some don't rent but they buy for vacation or business purposes​@@stephanmunstercity6371

[@ayodeletemidayo3348]

wow, such a small world lol. i live in phase 4

[@albertmatunda5387]

You are giving a good explanation concerning economy.Kenyans need to share this video.

[@mouricewekesamunoko2839]

Thanks for that constructive conversation, deep insights

[@DoItNowJourney]

Great info. This has encouraged me to invest in my Caribbean Island.

[@sunoveristambul]

Really like your info and travels. So interesting! Cutting to the real info!! thank you

[@Acacia01]

Great Wall Gardens is a Chinese project which has taken over 4 years to complete phase 5. Not all Chinese developers are as efficient as stated in the video

[@emilybh6255]

Yes! I've heard from a KZbinr who lived in China and bought an apartment there that a lot of the high rise buildings were poorly built and have structural problems. Never mind the fact that they over estimated how many they'd need. Aren't most of them (in China) still empty?

[@Benkimaru]

​@@emilybh6255you heard. Stop listening to propaganda

[@emilybh6255]

@@Benkimaru It isn't "propaganda" if it came from someone who has been there, saw it first hand, and documented it.

[@janendegwa5462]

and now i believe allegedly it has a court case if i am not wrong allegedly

[@Acacia01]

@@Benkimaru I am a buyer who has waited for years for my unit to get completed.

[@YUSUFSAIDMUHIDINGATIBARU-d2m]

Fantastic video on property investment in the heart of beautiful Nairobi ,Kenya. Unlike other property investment videos seen ,this one stands out in my view ! All the relative important questions in respect to investment along with all pros and cons when investing and buying property were well captured excellently ,not too mention ,taking we the viewers to the actual sites where intended construction is believed to happen and the real deal braker in my opinion 😀was showing property investors to always be keen on finding out who their next door neighbours are or will most likely be in future which in true honesty many property agents never show who the neighbours are very well knowing the beautiful interiors they are showcasing online have views that are already obscured with no natural light that is a beautiful part whilst investing in a luxurious property. Undoubtedly an important key point that sealed it for me in the video when you showed the viewers the aerial view of the property and what could possibly happen most likely if the neighbours were too sell , extremely key factor whilst investing in a multimillion beautiful apartment. Needless to say ,congratulations on your apartment investments and most assured with the rate of beautiful properties coming up you will be highly enticed to invest again 😊👍🏾 Kenya 🇰🇪 is a beautiful country and indeed it is your second home now.😊👍🏾 All the best in all your future endeavours and do enjoy the beauty of your new home Kenya and the amazing wonderful adventures that come along with it.

[@TheWanderingInvestor]

@@YUSUFSAIDMUHIDINGATIBARU-d2m Thank you my friend 🙏

[@our10picks18]

Why not go to Mombasa? The coast of Kenya is undergoing major infrastructure development from highways to highrise buildings and malls! Kenya isn’t Nairobi only! 😊 6:17 You’re right! The sources of FDI coming into Kenya is much more diversified compared to those going into West Africa or Southern African countries! No wonder Kenya’s economy is quite resilient!

[@TheWanderingInvestor]

Yes, the coast is very interesting as well.

[@bohg9999]

I lived very close (Mpaka Road, Parklands) to Westlands for a decade in the 80s. Westlands Administrative Division consists of 7 subdivisions of which Parklands is one of them. Westlands is a beautiful and affluent mixed residential and commercial neighbourhood, with a sizeable expat population, and is located close to Nairobi's central business center. It is a preferred choice by many as it close to top hospitals and schools, banks, malls, offices, hotels, restaurants, bars and clubs. 3 key things that I would look for in a residential apartment in Nairobi or elsewhere are the area (neighbourhood), reputation of the builder, and amenities provided (should include top-notch security).

[@mercyk2672]

I'm very impressed by your content and the way you give an expert analysis of the current and future real estate outlook. I'm a Kenyan living in America and when I was building apartments, I was surprised that two bedroom apartments are highly sort after. In America most people prefer 3 bedrooms. My apartments are two bedroom ensuite and are always occupied. That really surprised me.

[@artisthusnatalal3099]

Are those apartments yours or you're just an architect?

[@mercyk2672]

@artisthusnatalal3099 they're mine. Thanks for your response

[@TheEndlessSea]

It's because 3 bedrooms rent are out of reach for most.

[@angelam4136]

Wandering Investor .. You mentioned how nice and green this neighborhood is compared to the concrete jungles in other suburbs. Do you think that buying into such a mammoth building might be contributing to a degradation of the aspects of the neighborhood that you so much admire? Kilimani and Kileleshwa were just as nice before the developers swooped in.

[@TheWanderingInvestor]

In many ways yes you are right. This specific area though was specifically more built out, so replacing many of the older homes / buildings with a lot of greenery won’t happen. Greenery will remain. Does this building help? No.

[@angelam4136]

@TheWanderingInvestor I confess I didn't understand all of your reply but I agree with the last sentence completely. I could see that you already had a concern about losing your views even before the place is built, which is just one of the unpleasant results of runaway development. Much better to take time to look for an existing property in a nice area IMHO, rather than new behemoths that end up destroying what you liked in the first place.

[@tallakiss]

The fact that there are 15 developments on hold in that neighbourhood should be an indication of the impending disappearance of all the green.

[@leviwanyoike]

We all want to live in the city and still enjoy low-density housing in leafy suburbs with efficient energy and waste management. Our buildings will continue to get taller and thinner with 10x more waste that will end up in the same clogged “green” rivers and landfills.

[@thurder2011]

@@TheWanderingInvestor you are part of the problem. This area is not meant for apartments, and you know that very well! The Chinese and Indians bribed there way from the city council to getting permits for this project! You are promoting illegal projects. You should know better

[@SaintNjuguna]

The best places to invest in Kenya are the upcoming towns near Nairobi eg Kiambu, Thika, Ruiru, Athi River, Ngong and Kitengela. In those areas rent is growing and property prices are lower.

[@gikanganjugi6116]

Welcome back to nairobi sir

[@TheWanderingInvestor]

@@gikanganjugi6116 Thank you 🙏

[@decoloniz_afro]

Mnakaribishanga kila kitu

[@gichdady]

​@@decoloniz_afroUyu ni wale collaborators waliokaribisha wakoloni

[@lilac8794]

nyinyi ndio mngebebwa kama slaves zile siku. ati sir. jiheshimu mzee

[@lilac8794]

@@decoloniz_afro hadi anamwita sir. yaani imagine ati ni baba ya mtu or mzee wa familia

[@Spicy248]

Thank you for visiting my country Kenya 🇰🇪, Your videos are so encouraging

[@vizmackpropertyagency]

thanks for the good word about kenya ....your welcome to laikipia kenya for investment

[@kataboscongo5064]

Quite informative video. I thinking of going over to have a look myself

[@DubaiWalkingTours]

Nice! Congratulations 🎊 👏 💐

[@ability_chi_gemini]

Very informative video Nairobi is one of the most interesting markets for many reasons thanks for the in depth reviews sir!

[@ronakshah4827]

Great video ! Very informative

[@karozimathestar929]

I’m looking forward to hearing from you on its development.

[@lula-lp3cu]

I think that’s better idea sometimes Chinese they are not focused on quality but external beauty ,so it makes sense great job 👌

[@alexandraparri]

Thank you for this great video, very detailed with invaluable info. Looking to relocate next year and was crunching numbers to potentially buy a property to live in as well as invest. Your video couldn't be more timely! :)

[@DobianzaGachoka-d8w]

All the best

[@pareshkavia6846]

This developments and others reducing the green space in the area. Complete environmental pollution.

[@oindidavin8147]

Insightful questions you asked,amazing development there

[@AlexisTadese-yr5qc]

This is amazing id really appreciate getting the chance to meet the investor and also work for him

[@beautiful1423]

As a Somali Kenyan 🇰🇪I will always go with Indian developers.😊because of the standards.

[@MH-et4bo]

really tell us more!

[@angelam4136]

St Michael's is a little quiet road, really a lane. Incredible that such a giant edifice is being planned here.

[@Dan-q6v1v]

If you can afford the bribe if you can get anything in Kenya.

[@MezcalAfrica]

This project is meeting a lot of opposition from residents in the neighborhood. Curious what happens

[@TraverzeCulture]

This is great we offer travel and relocation services to Kenya. He is telling the truth!!

[@jane-j7n8t]

as a kenya why sould a chinese build in our land and profit from our land Ruto government is a joke

[@Buonjiboy]

Exactly

[@ahhahhah-hf5oc]

is there someone stopping you?

[@jane-j7n8t]

u r a fool join ruto government and continuing your foolishness'

[@Bjorn-h4e]

Your observation exposes some deficits on education level.

[@phil2888]

How many Kenyan companies have the capital, expirience and technology to deliver such massive projects expeditiously within reasonable cost?

[@Pdalim59]

Thank you for marketing Kenyan real estate. I hope the prices are the same for everyone....not raised prices for foreigners. That would outprice the locals. Otherwise investing in Kenya is wise...Africa is the future. But Kenya needs jobs for the younger generation. So, bring investors who will invest in productive activities....èg...I lived in Canada....lots of vegetables are sliced and packaged. In Kenya lots of produce is lost after harvesting. Bananas should be dried. We need food packaging industries. Mashed potato flour and couscous with dried vegetables.

[@TheWanderingInvestor]

Thank you 🙏. Same prices for everyone.

[@PatrickMaina-u9l]

Thank you...

[@You-iy1db]

Well stated. This is just a foreign gimmick, which is why slums keep multiplying every day. Real estate development must be balanced; otherwise, the time will come when we’ll have no choice but to tread over these green areas. Foreigners, under the guise of being investors, are taking over our country while slums continue to expand. It’s truly shameful!

[@shiva.shiver]

You missed something very important. No mention of exit strategy for foreign investors when they sell - capital gains taxes, agency fees, ease to get permission for expatriation of funds, etc. Very crucial issues for a first time buyer in Kenya.

[@neonomad1939]

I've been burned buying off plan in other countries. Many developers promise the world but deliver very little but I'm sure Nairobi does better in this regard. Gl

[@TheWanderingInvestor]

I’m managing my expectations. There’s only so much one can expect for super prime real estate at $1000-$1200 per m2.

[@es9382]

The main thing here is to get it delivered as promised

[@TopWriter-hd9jh]

Big mistake. Never buy offplan, including here in Nairobi.

[@MikeJones-lu7fk]

​@@TopWriter-hd9jhI have bought in Tatu city and I will do it again. Scared money makes no money 😅

[@deniskimani2796]

​@@MikeJones-lu7fk Please share. Where is this Tatu city?. What opportunities are there?

[@jgm3620]

Very interesting diversification. Thank you for showing the pro and the pros and the cons

[@richard09able]

Kenya needs to restructure their debt and diversify their economy to make it more robust. Skilled labor & high wage high skill jobs are key 😉

[@Yugottabee]

Please bring a local Kenyan to provide context next time.

[@Kof_Believer]

I just subscribed. Great content

[@margaretkirimania1220]

UN&Red cross claim tò help the poor ,showing US children on the Television with flies on their in EUROPE while the y router in Kenya buying Luxurious houses. What a Pity

[@briopalumpus8676]

Luxury houses, 80k USD salary and free school fees for the "expat kids" not to mention hardship pay and a brand new SUV every three years.😂😂😂 Helping indeed, helping themselves for sure.

[@PatrickMaina-u9l]

Those are just scammers

[@Dan-q6v1v]

They get extream salaries.

[@Dan-q6v1v]

It is a Scam.

[@Dan-q6v1v]

Look at how much the CEO earns - more than an person's salary in Africa.

[@furkanbaskak5647]

Great video, thanks for insights 🙏 Super interesting to me as I just bought the apartment in Cape Town in brand new off plan project for Airbnb investment purposes. Just curious You have any units in Cape Town? Can we also get info from you about this project if they have still available units? ✌️

[@TheWanderingInvestor]

@@furkanbaskak5647 Thank you. I don’t own real estate in CT, but amazingly beautiful city for sure. You can reach outnto Pratik, he ca let you know which units are still available: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/

[@rukam3]

My understanding of Chinese developers in KE is that their finishing is subpar. The buildings look good but the finish starts to break or peal 1.5 years in. Buyer beware. This is Kenya. Corruption is everywhere.

[@eunicenptalkshow9155]

Chinese are bribing our corrupt officials and doing shoddy jobs

[@PatrickMaina-u9l]

NA si kwa ubaya...

[@sly274]

How do you plan to manage power blackout or shortages that come without notice sometimes: Imagine a Blackout on the Last floor up of this building and you have an emergency matter like a sick person; And about sometimes water shortages >

[@TheWanderingInvestor]

@@sly274 They have backup generators

[@lizo7898]

Hmmm don't imagine this is a reality for some of us, never again.

[@sly274]

@@lizo7898 I ASK THAN BECAUSE AM A KENYAN; ISSUE OF POWER SHORTAGE WITHOUT NOTICE AND CUT OF WATER WITHOUT NOTICE IS POSSIBLE; SO WHEN YOU ARE IN SEARCH BUILDINGS BUDGET AND HAVE BUCKUP ALWAYS

[@Priscillazawadi]

Hawa wanakuja kununua Mashamba kwanza cheap juu wanatumia Dollar mwishowe Wakenya watabaki shambaless na bei ya chakula kubandishwa hawa hiwezi wa affect juu pesa yao ni valuable

[@PatrickMaina-u9l]

Wakenya ukiwaambia hivi , wanasema hujasoma....ndio komana tz wako na maisha bora....they dont compete with foreigners for land

[@Edyi_44]

​@@PatrickMaina-u9l What do you mean ? Poor Tanzanians are just affected as the poor in Kenya. Having a land is only valuable when you put it to use , kenyans sell and buy land for development purposes that's why they are richer. Hata DRC watu wengi wakona mashamba but they are still Very poor.

[@taxxpressusa]

Stop electing Must Go and maybe this type of issues will be properly streamlined

[@PatrickMaina-u9l]

@@Edyi_44 kenyans are richer, are you crazy....kenyans die of starvation

[@Edyi_44]

@@PatrickMaina-u9l Kindly name me one person that has ever died in Kenya due to starvation , that stereotype should stop. Everyone knows Kenya is 80% dry and people are due to face draught but y'all forget there are global , local and government organisations that daily feeds this people. And please, being a richer country doesn't mean everyone will live perfectly, the richest economy In the world still has beggars wallowing for money in their city streets

[@jkphilosophy101]

The gap between the poor and the rich would be extremely big very soon in Kenya. We have majority of Kenyans with a net worth of less than $5000.

[@husse0512]

Please elaborate on insurance policies of the apartments in case of partial or total destruction of the apartments due to natural disasters or human destruction. More over If there's insurance, what is the premium price, and what does it cover it.

[@TheWanderingInvestor]

Good point. I haven’t looked into it. This being said, people mostly self-insure.

[@billysaisi5811]

Just make sure that your property does not sit on riparian land

[@husse0512]

Thanks for your response. Here in USA, some condominium associations fee covers the structures of exteriors of the apartments, basically the skeleton of the apartments. Owners responsible for anything inside the apartments and owners buy additional insurance for that purpose. There are owners association bylaws that stipulate share and individuals responsibility in case of lost due fire or some othe natural disasters.

[@AshfarFar-ln6yv]

🥝🥝🥝🥝 inflated optimism

[@Blizzadman]

Quick question regarding the anticipated currency devaluation. On face value you are definitely right it would be cheaper for you if the currency devalues over the construction period but wouldn’t this currency devaluation also impact the developer negatively ? Their cost of materials and labor( in shillings) would increase and eat away their profits which could in the worst case mean a bankruptcy and a total loss of investment? So there seems to be a sweetspot of the devaluation rate of the shilling🤔

[@TheWanderingInvestor]

@@Blizzadman Correct. The labour part would be fine, the import of materials less so. They’ve been operating a long time in Africa and hopefully have learned from this. But yes, you are right, there is a (fairly wide) sweetspot.

[@emo7696]

I’m so surprised from your video thought you would not come back. Congratulations!! In past you mentioned a concern about maintenance has it improved?

[@TheWanderingInvestor]

@@emo7696 Thanks. Yes. For example this developer realized that just handing over apartments was not good enough because the maintenance was poor. So now they stay in charge of maintenance after handover in order to preserve their brand.

[@swts4k]

Wakenya mtahamia chalbi desert Sasa. Hamna lenu, ng'o!

[@johnngigi4098]

Whats your point?

[@swts4k]

What do you want to do with my point?

[@fatmahnoor3717]

Hatuwezi hama!..aje sasa!..kama ni mbaya hawa ndio wataondoka!..😂😂😂

[@swts4k]

@@fatmahnoor3717 hapo Sasa 😅

[@fatmahnoor3717]

Wacha wajenge na pesa zao!..wakuje wote Kenya..kila mtu aite watu wake!..wajae Kenya..wajisahau Kenya siku yao itafika!…the more Kenyan youth hawana jobs..na hawana makao..wakenya watachukuwa Hizo nyumba!..

[@TheWellnessCapital]

This District of Westlands, Riverside, Kileleshwa, Kilimani,Lavington & Paklands will always be premium and coveted,, As long as Kenya will be a country.

[@TheEndlessSea]

What makes them coveted is low density and greenery. A few more years with this giant apartments and the tiny streets it will become chaos and look more like pangani

[@BlackSeedOil20]

How come I don't see any Kenyan on a video about investment in Kenya?

[@JayFocused]

🤔

[@thenatureways]

Amazing bravo guys!!!🎉

[@88travels]

This is nothing but a marketing speal Chinese developers don’t go bankrupt ??? Have a look at the dozens of abandoned apartment constructions in Cambodia (Sihanoukville)

[@TheWanderingInvestor]

In Kenya. Sihanoukville was different, it was mostly money laundering and a way past Chinese capital controls. Very different dynamics. Here in Kenya the demand is local.

[@BrianMatumbo]

Welcome back to kenya your visit is always beneficial

[@mutua2016]

Greetings, After carefully listening to your presentation, you pretty did great. As an investor in kenya , I too encourage more investors to buy property in kenya especially Nairobi and the coastal areas

[@joyjoywairimu7083]

Hongera … If you would like to buy a farm to invest it would be the best.Born and raised in Kenya I definitely respect you for now Did you think of building for yourself?? That would have been way much cheaper.. Iam not sure if you had those options.

[@TheWanderingInvestor]

@@joyjoywairimu7083 Thanks. Land is very expensive in Westlands. Building for oneself makes more outside of Nairobi.

[@Easyservice-x8q]

You have discussed a lot of things, it is very good

[@Easyservice-x8q]

Thanks for your love react

[@Easyservice-x8q]

I have seen many KZbinrs who create titles in such a way that they have to click on their videos to see their titles

[@chigasaki06]

Do you have any investments in South Africa? I'm looking into both countries.

[@TheWanderingInvestor]

@@chigasaki06 Stocks in SA

[@bananacy]

Someone went on a shopping spree 😄 looks good. Love you're channel, no nonsense and good research.

[@TheWanderingInvestor]

@@bananacy thank you 🙏

[@HomesbyAdnaMarketingGroup]

Amazing insight

[@TheAnointedSamurai]

Good stuff! Karibu!

[@johnngului]

Upperhill is more premium than westlands

[@mctreasure]

Is upperhill kilimani?

[@alabaamadi8460]

....... GOOD LUCK..

[@Smerzone]

You said you wouldn't invest in Kenya. What made you change your mind? Did you get around the taxes?

[@TheWanderingInvestor]

@@Smerzone Maintenance and property management standards have improved, and relatively speaking to the rest of the world Nairobi has become very affordable

[@PatrickMaina-u9l]

​@@TheWanderingInvestorbut very expensive to the locals...

[@Dan-q6v1v]

Shocking...Kenya has no money.

[@vahidd6835]

Hey, does it come with parking? How about electronic door key?

[@TheWanderingInvestor]

@@vahidd6835 Yes to both

[@neonomad1939]

I see you've changed your mind to get on the Nairobi property bandwagon. But your main reason in the past was the 30% rental tax imposed on non-residents. How do you now feel about it?

[@TheWanderingInvestor]

@@neonomad1939 Yes, and property management / maintenance levels have improved. About the tax issue, it doesn’t seem to be too much of an issue. And I’m in it for capital gains as well.

[@margaretwanjiku3621]

Rental tax is 7.5% for small retail investors. My concern would be over- supply of apartments and excessively high density with no set back from neighbours, too many floors, no trees, no green space. We don't want our city to be a concrete jungle and Rapthta Road has always been green.

[@ctheuri5482]

The beautiful tree lined neighbourhood will soon be a concrete jungle with these mamoth developments

[@iammobenal]

Je bosse en face du Carrefour et je confirme le quartier est génial ;)

[@TheWanderingInvestor]

@@iammobenal Haha merci!

[@marcus9848]

Do you have seen the previous projects of this developper? I am asking coz in the video there was no information about the quality of the construction. have seen many new built in Nairobi from chinese developpers, most deliver low quality which is okay regards to the price. But some years later problems are starting... So if you bought 3 apartments, one strategy might be to sell 2 of them after construction is finished for a high price and get the remaining one for free.

[@azuz1698]

Why are the Chinese even allowed to develop in our lands and benefit from it with 0 benefit to the local population. Kenya has to be serious about regulating the foreign development companies, especially the Chinese and their investors!!

[@alexxoaibi3882]

Those house developer are destroying Nairobi.

[@saidibrahim5931]

That's very expensive , you can find 3 bedrooms with sitting room for that money $62,000. it's unbelievable you bought just 1 bedroom for $62,000

[@TheWanderingInvestor]

@@saidibrahim5931 You’re talking about vastly different neighbourhoods

[@dovygoodguy1296]

It sort of sounds like the injunction is a background factor of instability and risk. Also it seems strange that no African entrepreneurs are being interviewed.

[@marym-w2e]

Because they still think we're not good enough and all you have to do is live in Europe to know African construct way better houses than the. The only thing Africans are behind on is finishing due to lack of regulations but quality and functionality Africans win hands down.

[@oness1334]

He's with his friend, developer and agent. I don't see anything wrong

[@dovygoodguy1296]

@oness1334 There is nothing wrong. I just thought there would be input from a local Kenyan.

[@nolasouth4697]

What's the name of the project you are buying your apartment. I am interested in buying an apartment in Westland. Thanks.

[@jeddatulinye6129]

Do you have shops in the complex? Please let me know

[@TheWanderingInvestor]

@@jeddatulinye6129 They have not yet been released for sale. But send Pratik an email to get notified as soon as they do: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/

[@kamikia8651]

Does Sasha offer consulting? Advice on purchasing property etc. I’m interested in moving overseas and Nairobi is looking more attractive everyday.

[@TheWanderingInvestor]

Hello, I offer consulting yes: thewanderinginvestor.com/internationalization-and-diversification-consulting/ And if you just want to buy property in Nairobi Pratik can help: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-agent-in-nairobi-kenya/

[@liwalapropertyshow]

Kenya real estate is growing rapidly, Hope you buy more and more properties.

[@ExpatAjazInItaly]

Heard weather there is awesome !

[@TheWanderingInvestor]

@@ExpatAjazInItaly it really is ☀️🇰🇪

[@JayFocused]

It's cold in the winter months (July, August, September), and there is no central heating

[@calvoh9715]

Nairobi a construction site, but funny enough Kenyan engineers lack jobs. The international property developers are coming with structural designs already done. No jobs for professionals are created from these projects.

[@rukam3]

Ruto’s govt.

[@eunicenptalkshow9155]

There is need for a lot of regulation in this area

[@BlessedMammy]

They’ve been there since ages but had not thought of something a kenyan can afford 😢

[@PatrickMaina-u9l]

Kazi zao ni mbovu, ndio komana

[@alexchui3511]

​@@rukam3 Peleka ujinga na siasa zako mbali. Has Ruto been President for the last 20 years? Takataka wewe.

[@wubbebos]

Very interesting idea. I especially like the idea of buying the property with a loan in Kenyan Shilling. Just wondering... Let say a devaluation would happen. Would be property developer not go bankrupt? All cost would go up, but you bought in at a long price. I imagine property developers in Kenya have experience with inflation but how would it work as an investor?

[@TheWanderingInvestor]

@@wubbebos You’re right. It’s one of the risks. Generally speaking these Chinese developers who have been operating on the continent are well versed in this risk.

[@AhmedAbass-u8v]

There is always Provision for Risk which is part of the pricing when cost valuation is being done and this can be done in dollars converted to kenya shillings which is still the same.

[@karozimathestar929]

Most construction works capped at 60% profit. They will add future price fluctuations as contingency or they offset the loss by diversifying their investment ( like import export on top of construction,etc…) The devaluation may hurt bad the contractors who got the construction work through bidding( they don’t put a big profit margin during bidding) prior to devaluation .

[@vahidd6835]

Currency devaluation will make developers to cheapen on the deliverables or ask for more money to complete Further cheapen on the cheap Chinese would be disaster. Overall the selling point is the payment plan against delivery against project plan phases not time with proper contract clause to cover the risk. Car is not house by any stretch.

[@TheWanderingInvestor]

@ iI’s a fine balance to play. Not risk-free for sure

[@XY-rh3if]

These Chinese developers should be investing in Rwanda as well. While I was in Rwanda, I noticed you couldn't possibly find a completed condo in a high-rise building because there weren't much of them, and the very few that existed were all under construction. Is this the case with these type of properties in Kenya as well?

[@TheWanderingInvestor]

@@XY-rh3if Good point. Kenya is more advanced

[@XY-rh3if]

​​​​@@TheWanderingInvestor True, but Rwandan infrastructure is as developed as that of Kenya, and there's market for these condos as well. In addition, the condo market isn't saturated yet, which explains why they're far more expensive in Rwanda compared with the price you just showed us. The only condo I saw that was slated for completion by December 31st, listed a 3 Bed Condo with 104.79 sqm on the 11th floor for $216k, and a 1 Bedroom with 68.36 sqm on the same floor for $107k. Service charge is $1 per sqm. 🤔 Should I relocate to Kenya

[@TheWanderingInvestor]

@ Big price difference indeed 🫤

[@our10picks18]

@@XY-rh3ifRwanda’s infrastructure is nowhere close to Kenya ✌️

[@MrThesh7]

Rwandas land mass is low and it has some policies protecting Rwanda's interests in relation to investment's especially by foreign developers.. scenerios Chinese developers do units after uptake the investor gets the money back to China, .. it takes out from a country.. Kenya is not regulated especially to foreign developers.

[@farceadentus]

Very poor yields, you get better yields in he NE of England, and Germany!

[@leeo268]

Not worth the risk to buy pre built. I prefer second hand with my own inspectors.

[@MeseretDani]

Nice. how much rent by dolare

[@grateful9672]

Are there opportunities for REITS investments with those developments to the public

[@TheWanderingInvestor]

@@grateful9672 it’s a market that should get developed

[@Autometal_ke]

Sounds like a paid promo by Chinese developers.... There are plenty of well reputed developers in Kenya that are not Chinese and who finish within 2 years with better quality finishes...

[@edgar7503]

I totally agree. You must be very careful, the Chinese with their projects using poor quality materials and exploiting workers, cause the ruin of any national industry.

[@MH-et4bo]

Did you buy all of them the same developer?

[@TheWanderingInvestor]

@@MH-et4bo Yes

[@grateful9672]

When you say you know issues are coming this way, and fine with it, what are you referring to?

[@TheWanderingInvestor]

@@grateful9672 debt crisis

[@NN-cv4gz]

Four scammers pretending to buy apartments in kenya Nairobi.