Property in Kenya

Since the change in government in 2002, the fortunes of Kenya have dramatically improved. Corruption is being targeted and the economy grew 3.3% in 2005. Overseas investors are beginning to target new real estate developments predominantly in the game reserves and along the Indian Ocean coast. Investors have taken further encouragement by tourism growth of 35% in just 3 years creating a long term potential in both capital appreciation and rental yields. The cost of living and property prices remain low – in addition, there are no restrictions for foreigners buying non-agricultural property.