As we step into the year 2023, the real estate industry continues to evolve, presenting both opportunities and challenges for investors, developers, and homeowners alike. Staying informed about the latest trends is crucial for making well-informed decisions in this dynamic market. In this blog post, we will explore some of the key real estate trends that are likely to shape the industry landscape in 2023.
Rise of Smart Homes:
The concept of smart homes has been gaining momentum in recent years, and 2023 is expected to witness further advancements in this area. Smart home technology, including voice-activated assistants, security systems, and energy-efficient devices, will become more prevalent. Homebuyers and investors will increasingly prioritize properties equipped with smart features, offering convenience, energy savings, and enhanced security.
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Sustainable and Green Buildings:.
Sustainability will continue to be a prominent trend in the real estate industry. In 2023, there will be a heightened focus on eco-friendly construction practices, energy-efficient designs, and green building certifications. Developers and investors will incorporate sustainable features such as solar panels, rainwater harvesting systems, and green spaces to attract environmentally conscious buyers and tenants.
“What sort of men would think it is acceptable to subject a girl to this level of brutality and violence? an attack like thiop.”Neil Borton
Kenya is one of the fastest growing economies in Africa with a GDP growth rate projected around 6% for the coming years. This provides tremendous opportunities, especially in real estate which has seen property values grow an average of 25% annually in recent years. The main drivers are a growing middle class looking to invest, increased infrastructure spending, and foreign investment.
At Kewisco Housing, our team of experts identify prime investment properties before they hit the mainstream market. We look for up-and-coming neighborhoods, commercial developments, and residential plots with long-term growth potential. Our connections and insider knowledge allow us to pick winners.
Future outlook .
Just last year, clients who partnered with us earned an average return on investment of 35% by flipping prime properties at the right time. We help you identify the hottest areas and provide end-to-end support from acquiring land, financing, legal paperwork, renovations, and finally selling or renting at maximum profit.
“What sort of dividends and earnings can I expect when investing in Kewisco?.”Neil Borton
Our investment portfolio offerings provide exciting hands-off opportunities to grow your wealth. You can invest in a managed fund of Kenyan properties and earn handsome dividends. Or co-invest in one of our vetted development projects for leveraged returns.
The real estate industry in 2023 promises to be dynamic and transformative, driven by emerging trends that shape the market landscape. As investors, developers, and homeowners, it is essential to stay attuned to these trends and adapt strategies accordingly. Whether it’s embracing smart home technology, prioritizing sustainability, or capitalizing on the demand for wellness-focused properties, aligning with these trends will position stakeholders for success in the evolving real estate market of 2023.
The time is now to invest in Kenyan real estate while property values are still affordable compared to markets like South Africa. With the right local partner, the sky is the limit. Kewisco Housing has the expertise and connections to chart your path to real estate success in Kenya. Get in touch today to learn more!