According to the Business Daily,Monday 28th June article, real estate projects have pushed the land prices up by upto 50%.
This is as a result of the construction of residential and commercial projects by real estate firms in the area.
for instance Centum’s subsidiary Vipingo Development is developing apartments and maisonettes, food processing factory, shopping mall, warehouses and desalination plants on 10,254 acres in the area. Realtor Superior Homes Kenya, likewise, is putting up 372 affordable and luxurious two, three, and four-bedroom villas at Vipingo Pazuri.
This has lead to a massive increase of prices and more investors understanding the goldmine that is Kilifi.