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Quo Vadis Kisumu?
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Rapudox
#1 Posted : Wednesday, August 24, 2011 1:07:41 PM
Rank: New-farer

Joined: 12/30/2010
Posts: 65
Location: Europe
Hallos,
Are there any wazuans who believe there will be some renaissance in good old "Port Florence"?? I have invested heavily in Land (Riat, Mamboleo etc)...but somehow things feel like they are stagnating. Nyanza Professionals seem to be very reluctant about this city...they build their villas & disappear back to wherever...Are there any wazuans with property investments in Kisumu? What is the reality on the ground?
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Jamani
#2 Posted : Wednesday, August 24, 2011 1:33:44 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Wait for the county governments to start running
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eco
#3 Posted : Wednesday, August 24, 2011 1:49:10 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
Hope the counties will embrace and work towards improving multicultural demographics. Otherwise 07/08 hangovers still fresh in the minds of many investors except perhaps non-Kenyans.
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selah
#4 Posted : Wednesday, August 24, 2011 1:52:04 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Kimwa chilling story In todays daily nation makes investors intending to invest in Kisumu be very wary.

Loosing 400M worth of investment and at the same time nearly loosing your life is not a story that invites investors.

Unless pple from Nyanza invest there heavily I dont see a property boom in kisumu any time soon.

Take Eldoret for instance the athletes have invested there heavily creating a property boom for themselves.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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2012
#5 Posted : Wednesday, August 24, 2011 2:29:59 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
selah wrote:
Kimwa chilling story In todays daily nation makes investors intending to invest in Kisumu be very wary.

Loosing 400M worth of investment and at the same time nearly loosing your life is not a story that invites investors.

Unless pple from Nyanza invest there heavily I dont see a property boom in kisumu any time soon.

Take Eldoret for instance the athletes have invested there heavily creating a property boom for themselves.


There are four places I'd never ever invest in, Kisumu, Eldoret, Baghdad and Khandaha.

BBI will solve it :)
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  | | Edit by user: Wednesday, August 24, 2011 2:32 PM | Reason: Not specified
Toxicity
#6 Posted : Wednesday, August 24, 2011 2:44:01 PM
Rank: Member

Joined: 1/15/2010
Posts: 458
i echo @Elder...Kisumu is a no no no for me siwes mek!!
update president set president = speaker where president is null
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KulaRaha
#7 Posted : Wednesday, August 24, 2011 2:50:41 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
I know of a huge project in Kisumu coming up, investor is spending 1B on property.

Another one is for about 800M.

Maybe more guts than brains?
Business opportunities are like buses,there's always another one coming
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jamplu
#8 Posted : Wednesday, August 24, 2011 3:15:52 PM
Rank: Veteran

Joined: 3/25/2010
Posts: 939
Location: Nai
2012 wrote:
selah wrote:
Kimwa chilling story In todays daily nation makes investors intending to invest in Kisumu be very wary.

Loosing 400M worth of investment and at the same time nearly loosing your life is not a story that invites investors.

Unless pple from Nyanza invest there heavily I dont see a property boom in kisumu any time soon.

Take Eldoret for instance the athletes have invested there heavily creating a property boom for themselves.


There are four places I'd never ever invest in, Kisumu, Eldoret, Baghdad and Khandaha.


@2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still
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mukoya
#9 Posted : Wednesday, August 24, 2011 4:37:02 PM
Rank: Member

Joined: 2/3/2007
Posts: 43
dont be quick to judge kisumu nakumat downtown burnt en i didnt hear anybody say they wont invest in nairobi thats why there is insurance @rapudox could you sell me some piece of your many pieces
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2012
#10 Posted : Wednesday, August 24, 2011 4:47:50 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
jamplu wrote:

@2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still


@jamplu, whatever profession you're in I'm sure there's an opportunity for you in Baghdad and I'm sure it would pay you ten times what you're earning now... So have you applied for a job there?
smile

BBI will solve it :)
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