Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Botswana.
Botswana has experienced stable economic growth, with a growing GDP and a favorable investment climate. The country's well-established economy, fueled by mining, agriculture, and tourism, provides a solid foundation for real estate investments.
Botswana is strategically located in Southern Africa, offering access to major markets like South Africa, Zambia, and Zimbabwe. Its proximity to these markets can be advantageous for businesses and residents looking to invest in the region.
Botswana has relatively liberal land ownership laws for foreigners, allowing them to invest in both residential and commercial real estate, subject to certain requirements. This gives international investors confidence in their ability to own and manage property.
With a stable economy, a growing population, and government support for development, it's an attractive option for those looking to invest in Southern Africa’s emerging real estate market.
