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Kisumu booming property market attracts investors

Chairman of Victoria Gardens board of directors Sam Munda conducts Kisumu Governor Jack Ranguma (right) round the new housing units. The real estate sector in Kisumu is experiencing a boom as developers rush to cash in on the rising housing demand. (PHOTO: JAMES OMORO/ STANDARD)

The real estate sector in Kisumu is experiencing a boom as developers rush to cash in on the rising housing demand. A new gated community opened its doors in the lakeside city last week. Victoria Estates Ltd, the developer of Victoria Gardens, has successfully completed Phase 1 comprising 36 maisonettes in the city.

Victoria Gardens is the largest middle-income housing development with an envisaged 91 units in the residential Kanyakwar area that is set to be the next 'Runda' of Kisumu.

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