Perhaps being a tourist destination meant that Malindi would never get on the headlines for any other reasons especially its real estate potential. But this has changed over the years.
Malindi has one of the fastest growing economies in the Coastal region. This ancient town has the region’s most attractive tourist destinations together with a strong development potential. One major investment opportunity that exists in Malindi is real estate.
Here are 5 good reasons to invest in real estate in Malindi.
It’s strategic location
Malindi is strategically located in between Mombasa and Lamu. Places like Watamu and Malindi Marine National Park attract tourists all year round.
Malindi was and still remains one of the best quiet suburbs to live in Kilifi County. There are good roads, easy access to the beach and friendly locals who will always make it feel like home. Expect no traffic in Malindi or the commotion you normally see in major towns like Nairobi. In fact, the short commuting time and low urban diversity is what’s driving many people to work and live in Malindi.
Land is still very affordable
Land in Malindi is still in the affordable range. You can get amazing waterfront properties in Malindi at a fraction of the price that you’ll find in Mombasa. There are also new homes coming up in Malindi that are very reasonably priced. Even high end homes in Malindi come at excellent rates. This is certainly the best time to invest.
Many recreational facilities
Malindi is a great place to live and visit since there are so many recreational activities you can sample. You can enjoy the beach life with your family and friends, engage in water sports or boating and pass time sightseeing.
For those who are paying attention to what’s going on in Malindi, they’ll tell you that the government is investing in huge projects such as the SalaGate road that is meant to connect Malindi to Tsavo East National Park. Government officials have been seen in Malindi buying large parcels of land to invest in. the fact that top people in government have been seen purchasing land in Malindi is a major sign that something amazing is about to happen in this Coastal town.
Other factors that are making Malindi a great place to invest in include access to building materials, the beautiful coastline and huge investment opportunities that are yet to be tapped. If you are still thinking about investing in a piece of Malindi, the time is now.
If you are planning to visit Malindi, we’ll take the guesswork out of the equation. Good thing about Malindi is that you can engage in so many free or low cost activities and enjoy every aspect of your vacation. Do visit Malindi during the off-season if you want to enjoy low prices and fewer crowds.
There’s so much to see and do you’ll want to stay a little longer. Choose any of the places we’ve mentioned below and you’ll have an amazing holiday.
Attend the cultural festival at the Malindi Museum
The Malindi Museum hosts the cultural festival every year, to show case the town’s multiculturalism. The festival usually occurs during the Easter holidays in late March/April. Make your way to the Malindi Museum situated just a few meters from the jetty and fish market. The museum has a library as well as a few exhibitions with beautiful photographs and objects that reflect the history of Malindi. The building was constructed in the 19th century and was once a hospital until Sir Richard Leakey handed it over to the government and it was converted to a museum in 1999.
Enjoy snorkeling at Malindi Marine Park
Malindi Marine Park is one of the top underworld destinations in East Africa for diving and snorkeling. The park is known for its clear water and diverse underwater life. The Marine Park is home to more than 600 fish species including sea turtles, loggerheads and hawksbill. The beautiful coral reefs, mangroves and seagrass give the park a breathtaking view. You may also enjoy deep sea fishing, windsurfing, kitesurfing or a picnic at the beachfront with your friends and family.
Visit the Vasco da Gama pillar
The Vasco da Gama pillar is one of the oldest and most iconic monuments in Malindi. It’s the place where Portuguese explorer Vasco da Gama sailed across the Indian Ocean on his way to India in 1498. The pillar is said to have been constructed by the explorer as a symbol of appreciation for the Sultan of Malindi.
Visit the Ruins of Gedi
10 miles South of Malindi, lies beautiful ancient ruins and the Arab-African town of Gedi. The town was once an abandoned city that was covered in tropical forest. This archeological site has lots of monkeys, a rich species of trees and birds. There’s even a museum on the site. Carry your camera because you’ll want to take lots of pictures in the amazing vegetation.
Malindi is a growing town and one of the best places to invest in Kenya. It’s no wonder why the government is directing various development projects in the area. The SalaGate Road is one of those constructions that will make Malindi a great place to invest in real estate.
In early September, president Uhuru Kenyatta officially opened the construction of Sala Gate road, a tarmac road that would link Malindi to the Tsavo East National Park. Tarmacking this road would mean a boost in Tourism for Kilifi and Taita Taveta Counties. The road will cover a distance of 110km and will take 2 to 3 years for the construction to be completed.
The Malindi- SalaGate road was in pathetic condition. Locals, tour operators and hoteliers had urged the government to tarmac the road in order to boost security and provide an easy access to the park. The road had major potholes and insecurity was rampant as attackers would take advantage of the slow-moving tour vans that tried to navigate potholes.
It took 3 to 4 hours to get to the Tsavo East National Park from Malindi due to the poor state of the road. Once the construction is complete, tourists can expect to get to the park from Malindi in less than two hours while enjoying comfort and security all the way. Going for game drives from Malindi will be a pleasant experience for wildlife lovers.
The Malindi SalaGate road is also expected to really transform domestic tourism. Locals from as far as Nairobi can take advantage of this new construction to travel from places like Voi to Malindi instead of having to pass via Mombasa. Voi town can receive more tourists who are on their way to the park or from Mombasa. This would mean a boost in tourism for Taita Taveta county.
The construction of SalaGate road will also save tour operators the huge losses they’ve experienced over the years because of having to maneuver the bad road. Their cars are often exposed to damage and written off within a few years of making trips on that road.
The completion of the SalaGate road is expected to boost trade between Voi and Malindi towns. The road is providing accessibility so that traders can engage and transport their products within reasonable timelines. Malindi will be able to get fresh fruits and vegetables from farmers in Voi.