I bought 3 apartments in Nairobi, Kenya

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▬▬SUMMARY▬▬

I bought three apartments in Nairobi Kenya. In this video I meet with my friend who also bought one, with my Nairobi real estate agent, and the Chinese developer I bought the units from. I explain why I decided to invest in Nairobi and more specifically in the project. The developer explains this property development in Westlands, Nairobi's most exclusive area, and we go have a look at the land and plans.

00:00 Introduction
00:50 Why buy real estate in Westlands, Nairobi
01:53 Potential debt crisis in Kenya
02:30 Booming demographics in Nairobi
02:50 Nairobi as a business, economic, and manufacturing hub
05:00 Value for money in Nairobi real estate
05:40 Where is the FDI into Kenya coming from?
06:40 Developer background
07:30 Are people investing remotely in Kenya?
07:50 Background of different developers in Kenya
10:00 Overview of this new development in Nairobi
14:15 What is a DSQ in Kenya?
14:30 Difference between gross and net size in Kenyan real estate
15:20 Drive through the neighbourhood
18:20 How easy is it to find tenants in Nairobi?
20:40 Making to shift from middle class developer to high-end developer
22:00 The quality of Chinese property developments in Africa
23:40 Analysis of neighbours of the development
26:00 Rental income taxes as a non-resident in Kenya
27:15 ROI and rental yield analysis of apartments of various sizes in Nairobi
28:50 Property management in Nairobi
31:10 Payment plan
33:50 Current injunction on project

▬▬DISCLAIMER▬▬

No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.