The real estate and construction industry in Machakos has experienced exponential growth as private developers increase investments in the real estate and construction industry in response to the huge demand for housing, office space and recreational facilities caused by the rapid growth in the Country’s population, increased foreign direct investment and trade in the region.
With an increase in the population and congestion in the neighboring Nairobi County, there is a growing demand for affordable housing. It’s estimated that of the 150,000 units required annually, only an estimate of 35,000 are built.
The shortage for low cost housing is particularly acute in urban areas since only an estimated 6,000 units (20%) of the total number of houses built, fall under this category. This brings about investment opportunities in the construction of prefabricated low-cost housing, residential, commercial and industrial buildings.
Opportunities in the real estate and construction industry include the following; Construction of residential, commercial and industrial buildings, including prefabricated low-cost housing, manufacture and supply of construction materials and components manufacture as well as supply of construction equipment.