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 Malawi.
Malawi has experienced steady economic growth over recent years. As the economy improves, there is increasing demand for both residential and commercial real estate, making it an attractive market for investors.
Compared to more developed countries, property prices in Malawi are still relatively affordable. This makes it possible for investors to acquire land or properties at lower costs, with the potential for significant capital appreciation as demand grows.
In many areas of Malawi, there is a shortage of modern, high-quality housing. Real estate developers who can provide these properties are well-positioned to meet growing demand.
As global investors look for emerging markets with higher returns, Malawi presents an opportunity, particularly in areas where infrastructure and development are catching up to demand.
Ongoing improvements in roads, electricity, water supply, and telecommunications increase the attractiveness of certain locations for real estate development. This investment in infrastructure supports the appreciation of property values over time.
