Government policies in the diaspora market can have a significant impact on the real estate market in Kenya. Some of the key effects include:
Increased investment – Government measures that make it simpler for Kenyans in the diaspora to invest in the real estate market in their home country may result in an increase in investment, which may raise property values and spur the creation of new residential and commercial projects.
Increased demand – Policies that entice Kenyans in the diaspora to relocate to the nation, such as by extending tax benefits or supporting enterprises, may increase demand for housing, which may raise real estate prices and spur more building and development.
Improved infrastructure – Policies that encourage facilities development, such as spending on roads, utilities, and transportation, may make it simpler for diaspora Kenyans to invest in their home country and enhance housing demand in locations with such infrastructure.
Increased remittances – Because remittances can be invested in the real estate industry, policies that encourage diaspora Kenyans to transfer money to their family in Kenya can also help the real estate market.
Increased competition – Policies that promote foreign investment may also result in more competition in the real estate market, which could lower prices and make it more challenging for Kenyans in the diaspora to make investments.