poundfoolish wrote:Gathige wrote:poundfoolish wrote:Good to know this investment is still gathering momentum.. I acquired a few acres two years ago.. before Nairobians rushed there it was going at 30K/acre, jumped to 40/50..Safcom's SIC came and prices jumped to 75K now naskia 120.. the price increase over the years is dizzying to say the list..
There was a time I had very many questions on Wazua regarding land and Title Deeds.. I was chasing these parcels..
Who wants part of my share.. I can dispose part at a competitive price.. I have a ready title
@Poundfoolish,
Its interesting how Nairobians are paying exorbitant land prices especially in Maassailand. I see SACCOS allover selling small pieces of land- esp 1/4s- at the prices of 1 acre There are so many such SACCO deals on Pipeline road which are high exaggerated buy people are still buying. Its need, my friend.. Land is a factor of production.. when I acquired mine, nilitaka kufuga ng'ombe tu.. and earn some chums through side hustle.. guess we are many Nairobians with ideas... willing seller,willing buyer.. and 'value' is what somebody is willing to pay for something..
The problem is not that land is skyrocketing, the problem is that Nairobians have refused to leave their desks and go to the mashinani to look for land and interact with the real owners. When SIC first announced their sale, i'd been to that place called 46. There were several pieces being sold by individuals some very near the town (500m) for just 40k. When they said they were selling at 75k, and it was much further from the town, i knew someone's wiping another's sweat with a broken bottle. And many of my colleagues found it pretty cheap, actually. So, yep, if you want to buy land from your laptop, then be ready to pay a premium. You can get it much cheaper and enjoy the drive and environment if you are an outdoor person.
(The 46 town is very vibrant on Saturdays. Maasais bring down cattle, jewelry, traditional dresses, charcoal etc for a market day and kikuyus head there with loads of maizemeal, potatoes, beans, etc for sale.... I dont know where the wazungus come from but they are also quite a number on Satos buying the jewelry and maasai regalias)