Land in Nairobi more profitable than gold, stocks and property
Land is most valuable in the Upper Hill area of Nairobi. PHOTO | FILE
Trading in land in Nairobi has overtaken gold, stocks and property as one of the most profitable forms of investment in the Kenya, according to a new report by HassConsult and Stanlib Investments.
The report also showed that the return on investment in land is more impressive than investing in livestock and oil. Kenneth Kaniu, chief investment officer of Stanlib, an asset management firm, said return on investment in Nairobi’s prime lands near the Central Business District and the suburbs is impressive.
