Why Demand for Properties in Kilifi is on the High Rise

As per a recent report from investors in Kilifi County, the establishment of numerous factories in the area has significantly boosted employment, benefiting thousands of individuals. Concurrently, the ongoing construction of the 40.4-kilometer Mtwapa – Kwa Kadzengo – Kilifi Road, inaugurated by President Ruto, is steadily progressing, thereby enhancing connectivity and accessibility between Mombasa and Kilifi County.

This increase in industrial and infrastructural developments is spurring a growing demand for housing, as noted by real estate developers in Kilifi County. With the majority of factories providing substantial employment opportunities, there is a corresponding rise in the need for residential spaces, particularly in growing towns like Mtwapa, Kikambala, Vipingo, Kilifi and Malindi .

Moreover, the population of Kilifi County, as per the 2019 census, stood at 1.5 million, closely trailing behind Mombasa. However, with the current increase of companies and investments, the population is witnessing rapid growth, accentuating the necessity for more housing options.

The increasing demand for housing has prompted suggestions for investors to concentrate on constructing affordable modern residences in Kilifi County, thus Inuka Afrika Properties providing affordable properties. This observation is further supported by market analyses, which indicate atleast an approximate 10,000 new housing units to cater to the escalating demand. This is according to the star

Noteworthy ventures like the Mtwapa Business Park, boasting 42 warehouses spread across a 10.5-acre expanse, exemplify the region’s potential for industrial growth. With each warehouse capable of accommodating around 100 employees, this initiative is expected to generate over 4,000 direct job opportunities for Kilifi residents.

The allure of Kilifi County for investment lies in its conducive environment for business expansion, coupled with the promising prospects offered by its growing industries. However, as employment opportunities increase, the pressing need for housing becomes more apparent, particularly for rental accommodations.

The influx of industrial activities in areas like Mtwapa underscores the urgency for housing investments to accommodate the growing workforce. Notable brands like Pwani Oil Limited, Revital Healthcare, and Mzuri Sweets, among others, have already established their presence in Kilifi County, further fueling its economic growth trajectory.

The proliferation of employment opportunities stemming from these developments holds the promise of mitigating crime and insecurity in the region. Additionally, the accessibility of jobs, even for unskilled laborers, underscores the inclusive nature of these burgeoning projects in Kilifi County.