Guide to land prices in Kenya
by Mike W
(UK)
So, looking to buy my own bit of paradise in Kenya as an investment for the future. I have a pretty good handle on the legal aspects of the purchase, need to hire a lawyer to ensure clean freehold title exists, access and services, convenants on the land preventing building on it etc.
What I'm not sure about though is whether or not the price is competitive or needs to be negotiated.
The land in question is available in 1/4, 1/2 and 1 acre lots in the Coastal region near Malindi. No sea view and a few hundred metres away from the main road (served by a track). Does anyone have any insight please as to how I establish the going rate per acre?
I have a friend local to the area acting on my behalf and it may be that the land is actually bought in their name (don't worry I have everything covered and am not being scammed). The help I need is on getting it for the right price.
Thanks in advance.