Politics and real estate in Kenya

For the last few years, I have heard the refrain "you can't go wrong with real estate" more times than I can count. This expression comes up almost always whenever people talk about investment ideas.

And if you go to a property consultant for advice, they are likely to explain it with another widely used industry maxim: Real estate is a hedge against inflation. This expression means that real estate is one of the few asset classes whose value never goes down when inflation hits. Usually, as inflation goes up, housing values and rents go up.