We are thinking of buying a footprint at Vipingo Ridge, just north of Mombasa - we didn't buy in the first phase because we had our eye on a specific spot as we are buying for ourselves as well as investment. Prices certainly have risen so far. We have visited the site twice and it is 2000 acres in a superb elevated location with views over the Indian Ocean to the east and rolling hills of the interior in the west. As well as a planned 36 holes of golf, there is a nature reserve and it has its own airstrip, plus a beach resort. I think that it could be a great investment in the long term. However, the current unrest in Kenya following the elections may put off oversees buyers in the short term.
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Originally Posted by TeeBee
We bought an on course 'footprint' at Vipingo Ridge Kenya in February 07. We have been told that the same plot would cost three times what we paid for it if we sold it!
We wanted a winter sun destination with good golf and lots of other things to do for the family. The development has a solid financial backing - 18 months of development before they started selling and is in a beautiful spot.
We are chuffed to bits with our 'investment' in Kenya thus far, and hope that it soon becomes more than an investment but a really lovely place to stay, easy to rent out and perhaps one day, a home!  |