Land is top option for investors, next is cattle

Houses in an upcoming development. Land prices have increased by more than 500 per cent over the last seven years. [PHOTO:WILBERFORCE OKWIRI / STANDARD]

Nairobi,Kenya: Land, especially in Nairobi, continues to be the leading investment venture ahead of cattle, gold and crude oil.

This is following a rise in prices by 17.6 per cent in the first quarter of this year and 4.5 per cent in the previous quarter, which is 5.5 times greater than in December 2007.