Editorial

EDITORIAL

Why is the time to invest in Malindi

Nairobi high class people are already betting on the coast

10-07-2018 by Freddie del Curatolo

"When you hit the bottom, you can't help but go back up," says an ancient adage.
Anyone who complains about the current situation in Malindi may not be wrong, but at the same time is detached from what is now a reality: the town has reached a point of no return for his faults but also for a "superior design".
Maybe it's a doodle, a sketch, an African-style batik, there is no serious project but the indication is given by the real estate markets of Nairobi and the interest of foreign finance, even of countries currently at the top of the economy, such as Russia, China and the inevitable Arab Emirates.
The reality, data and statements from all over the world confirm this: there is great interest in Malindi and it is certainly time to invest in the town.
The most tangible evidence is given by the purchase of land and real estate that the high-class of Nairobi is completing, as well as that of the rise in prices by the locals who have property in these parts.
Why, in short, are only Italians leaving?
It is natural that in this perspective of speculation, those who are investing in Malindi and belong to important positions in the capital, have no interest in improving the infrastructure now, certainly the restyling will take place in the future, when the political situation will be consolidated: majority of government in Nairobi, majority of government in Kilifi. It's a question of waiting four years, maybe sooner.
Do we bet that during the next election campaign the international airport will be inaugurated?
And that most of the roads will be rebuilt?
Did you know that the World Bank financed the renovation of public areas and that the money is administered by the British High Commission? Four years of projects waiting only for a bureaucratic clause (which will be resolved) to leave.
For those who have invested in Malindi and believe in this place, for those who love it and those who live there well, it is time to wait and not to lower their demands, if they have decided to sell. At least this is what the market trends and their experts say.
Unless the proverb at the beginning of the article is transformed into the joke of the great Roberto "Freak" Antoni: "It is said that once you reach the bottom, you can only go back, i start digging".

 

TAGS: malindi investimentimalindi infrastrutturemalindi acquistaremalindi tendenzamalindi mercatomalindi immobiliare

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