Global portal explores what to expect in property over next 12 months
As 2015 draws to a close, the big question on all real estate professionals’ lips is: what will 2016 hold? Migration away from metropolitan areas, infrastructure improvements and increased international interest from investors are just some of the expected developments for real estate markets within emerging nations.
Mobile is driving innovation in Kenya. Internet users in the country are skipping the traditional desktop usage, and moving straight to mobile. While 2015 saw more emerging markets-focused companies developing their Internet presence, 2016 will see real estate professionals turning their attention to apps.
As a result of high costs of Internet services in Kenya, apps are increasingly popular when it comes to interacting with online companies. As Internet penetration strengthens in second-tier and suburban areas, reduced mobile connectivity costs, more affordable data packages and the evolution of mobile technology are driving app usage.
Industry professionals have already noted the increased attraction of commuter towns in emerging urban areas. Rapid population growth has led to physical growth of urban areas in towns including Ruaka, Thika, Kitengela, …read more