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Kenya’s super-rich typically own up to three homes on average. At least seven in ten own homes locally; the same number owns homes in Europe while 16 per cent own homes in North America and five per cent in the Middle East. This is according to the Knight Frank Wealth Report 2017 released last week.
“Over the next two years, 46 per cent of resident Kenyan HNWIs (high net worth individuals) are likely to buy additional homes within the country, while 43 per cent are looking outside the country. In addition, 59 per cent of HNWIs in Kenya are looking to invest in commercial properties locally, while 44 per cent are looking to buy abroad,” says the report.
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