Property Market In Kenya.

kKenya has been listed among the top global destinations for super-rich Africans seeking to buy a second home, a newly released wealth report says, offering insight into the continued rise in prices of luxury homes in Nairobi and the coast.Citizens of South Africa, Mauritius, Uganda, Tanzania, Nigeria and Ghana are among the continent’s super-rich — defined as having a minimum net worth of $30 million (Sh3 billion) excluding primary residence — who are eyeing luxury homes in Kenya.Rents for such upmarket homes are priced from Sh250,000 per month for apartments and Sh300,000 for townhouses.Besides Africans, Kenya’s upscale houses are also popular with the rich from outside Africa, including the UK.The consultancy firm says four per cent of the global super-rich look to own homes in Kenya, adding that 63 per cent of the UK’s wealthy citizens fancy owning a house here.Some 16 per cent of wealthy South Africans are also likely to acquire homes in Kenya followed by Spanish, Mauritians and Americans (11 per cent) and Ugandans, Tanzanians, Nigerians, Ghanaians, Swiss, French, Canadians and Lebanese (five per cent).