CNN's David McKenzie looks at how Kenya's prime residential property values could be among the best in the world. For more CNN videos, check out our RU-vid channel at www.youtube.com... Or visit our site at CNN.com
What do you people ever want? if they publish negative stories you complain when they publish positive stories you are still complaining? At least this time they are actually saying there are luxury homes in Kenya and the the real estate busness here is doing well.
@@user-vu8zy1pu3v A beautiful bush area near Amboseli. I cannot wait. I love the Kenyan life style, people and especially the nyama choma! My only complaint there is that cars cost way too much. More than 3 times what they cost in the USA.
Nairobi currently hosts the biggest UN diplomatic community in Africa & third largest in the world after New York & Geneva. It hosts the biggest congregation of foreign embassies in Africa. Those people want top housing units. Kenyans by default benefit from the housing boom through employment.
Most of the people investing in these properties are often Kenyans and you would be surprised they are not famous people. I have some friends young people including women in high top jobs abroad..no one really knows at home who have very nice homes and sometimes more than one bought through law firms and banks. I rode with an old friend i not seen in years through Atl and visited some hillside vacations homes where we looked at his books in millions of dollars. Investments in the stock market.
That is what CNN makes us believe. But that is not the case. Knight Frank is one of the property consultants in Kenya. Its foreign owned. CNN chose to feature them. We have so many other property agents that are local that CNN didn't chose to feature.
With everyone talking about gross inequality including here in New York, it is too bad investors are not looking at where housing is actually needed-lower and middle income housing... not as profitable of course. I wonder what it is like to be in a mansion with massive poverty and human rights violations all around you.
they give up on life and settle for whatever has the lowest price tag on it! in other words its what i would like to call poverty and is the only reason they seem to be okay with living in mud and iron sheet homes because of MONEY MONEY MONEY! something i feel we could do without just fine!
This is just a tip...there are even many better ones...Kenya is indeed very beautiful...and for your info, Kenya is a peaceful haven...and it depends on what you want to believe...the media or from the people on the ground...been here all my life and I can attest to that!
I like your reasoning AL. Unfortunately money has created a "man-eat-man" society and it's worse in countries like Kenya where the gap between the rich and the poor is way too wide and too obvious.
"Its about growth, its not about value...." very true, because one cannot justify why those houses are priced the way they are. You are simply paying an arm and a leg for land that is ridiculously over priced. Those houses may be nice but in no way are they worth a million bucks!
Why blame the white man... I havent seen any barrel on anyone's head, I am sorry to say but if I were white with same capability would do the same thing, willing seller willing buyer. Blame yourself.
If you do know the history of these people you will not speak in ignorance! I And i don't learn from the church, since they all came from one source call ' ROME" the MOTHER OF ALL HARLOT CHURCHES!
Am sorry i don't Attend these churches since all have one thing in common to deceive Black people, this is another reason for keeping our people in mental slavery, you bow to the white Jesus aka Caesre Borgia thinking these whitewashed christian religions will enrich your lives! but you r t deceived am not surprised you all fail to realized what is behind all off this you really don't have the foresight and the schemes of these people so keep bowing down to them and their gods.
at peace for 40 years???? what does PEV stand for? by the way, if you have ever left kenya to live in the west, you would know the meaning of safety. houses in the UK don't need electric fences.
Shocking eyy!! and that is one small estate u should see the rest that have already been built, are being built and are on there way to being built, yet there are still people literally on the borders of each and every one of these estates living in slums off way less than a dollar a day with hardly even a substantial roof over there heads. The social divide is unbelievable thank God kenyans nor anyone for that matter is racist otherwise we would have an apartheid_ verging on civil war!
Hahaha! Have you ever been to Kibera, talked to someone who has lived there for decades? The worst people to help are those in slums. They will never move from there. Life is very cheap and believe it or not, most are very happy. Improve living conditions for them? So I guess you are working hard to improve other people's lives, good for you. Don't think everyone is on a philanthropy mission like you.
That's a gross misconception, unless of course you're referring to workers in the Middle East. There are a lot of Kenyan professionals in the western countries. The diaspora sent $1.2 Billion to Kenya last year alone. People are able to buy nice houses in Kenya through bank loans. You have no idea how resourceful Kenyans in the diaspora are. So no, not only criminals & crooked politicians can afford nice homes.
You do have a point there but i think you are wrong to say the worst people to help are those in the slums!? and it so happens that some (not most) are happy but does that apply for all of them?? neither have you spoken to the vast majority of Kibera... and I'm sure anyone, so long as you are human would like to improve their standards of living even if its as minimal as fixing a door that creeks or a light bulb that fits or electricity for that matter!!... i mean... wouldn't you??
My point was, if I have worked hard and can afford to live in luxury, why not? Some years back, there was the slum upgrading project which was to be started in Mathare slum (it's the worst in Kenya) and the people living there refused. Why? Because the rent would have gone up and to me, such challenges are the ones that make you want to uplift your life instead of being satisfied with the way you are living. I may have generalized and it sounded like all but believe me, it's most of them.
I always read kenyans against whites.. but they are they have made alot of efforts and dedication to promote this country. Its business why they are there but the business ideas and promotion of the country,this whites and foreigners have helped alot. Keeping in mind that rich Kenyans kept their money to themselves alone
What are they even doing in Kenya???? Ya, and they all flock to Kenya. Make Kenyans uchumi better again??? Lie to Me once, shame on me, lie to me two times , shame on you. Well, and the rest is history. laterally
Actually, Fernandez has a point. Kenyan houses are very ugly on the outside. I think so, so as to save on sand, cement & paint, we Kenyans do not plaster the walls of our houses on the outside hence the stones are left sticking out which looks dull & ugly. When the outside walls of brick & stone houses are plastered & painted, the whole neighborhood looks beautiful but if they're left like that, it looks like a concrete jungle
I understand fully and i happen to live in kenya myself and have been to 3 of the major slums including those we have spoken of (Mathare+Kibera) and Kawangware... i know people who live in the slums and from my feedback i would have to say that it is satisfactory only to them due to the low prices incurred. otherwise they would rather have better living conditions any day! but thanks to this westernized theory of monetary dominance there is nothing they can do but suffer unto the point where
Alexander Ludwick kindly research on the GDP of Kibera. You'll understand why that 'slum' is going nowhere anytime soon. In Africa, things are not always as they appear. Foreigners land here, and think they have it figured. They don't. And don't talk tribalism. You have no grasp of it. It's not as simple as it appears.
Some of the comments here are appalling, when Kenya finally gets the credit it deserves we still look for quite frankly stupid flaws. It is such shallowness about "white supremacy" that slows down Kenya's progress. Knight Frank is not the only real estate company in Kenya and it so happens that one there main shareholders is a Kenyan company. So please stop making excuses for yourself.. Africa doesn't need to wake up it already has, In fact YOU need too wake up and stop being so ignorant
The problem is that the people interviewed were only white property owners, but there are thousands of rich Kenyans living in similar houses. So those people talking about whites vs blacks shd blame the interviewer.
GDP254 don't Kenya will probably go through the same kind of housing boom like in the U.S. Filled with bubble mortgages that will pop. I mean they look exactly like mc mansions I think you guys are just going through this a little bit later than in America.
