How August 2022 Elections in Kenya will Impact Real Estate Market in Narok County.

Narok County has 341,730 registered voters and is considered a battleground between Raila Odinga and William Ruto as August polls near. Narok is mostly occupied by the Maasai community. In this article, we want to look at how this year’s general election will impact the real estate market in Narok.

Facts about Narok

Narok County is divided into six (6) sub-counties: Narok North, Narok West, Narok East, Trans Mara East, and Trans Mara West. The county shares an economic block with Kajiado County known as the Narok Kajiado Economic Block (NAKAEB). This economic block aims to improve the various sectors of the economy to increase exports to African countries and abroad. The main economic activities in the county include pastoralism, crop farming, tourism, and trade among other activities undertaken on small scale. The famous Maasai Mara Game Reserve featuring the Great Wildebeest Migration which is one of “the Seven Wonders of the World” is located within the county.

Places to visit in Narok

Some of the best places to visit in Narok as far as tourism is concerned are:

• Mara Naboisho Conservancy
• Maasai Cultural Camp
• Loita Hills
• Mara Triangle
• Mau Forest Narok Museum
• Maasai Mara National Reserve

Narok Town

Narok Town stands as the major commercial center of the county. Narok Town is the last major town when traveling by road from Nairobi to Maasai Mara National Park and Keekorok Lodge. The 30,000-capacity William Ole Ntimama Stadium, a football stadium, stands as a center for services, business, and finance. For decades, the Narok town economy has benefited from tourism, agriculture, livestock keeping, and mining.

Estates in Narok

There are several estates in Narok some of which include:

• Garden Estate
• Joyland Estate
• Utawala Estate
• Lenana
• Duka Moja Estate

Narok Real Estate Market

Despite the negative impact of the coronavirus pandemic, real estate transactions continue to move forward in Narok town. Narok’s real estate sector growth has been driven by new learning institutions and tourism earnings in the last 10 years. The establishment of Maasai Mara University, Narok Teachers College, and Maasai Mara Technical College were major turning points. Azimio la Umoja One Kenya coalition party presidential flag bearer Raila Odinga has pledged to make residents of Narok gain the most from their livestock farming by introducing high-end meat processing plants in the region. Expansion of meat processing plants will provide a ready market for beef produced in the region. With his policy, one county one product, Narok is seen as a potential county that may focus on meat production. While in the same region, William Ruto promised residents of the county injection of 200 billion for the uplift of small and medium enterprises that may see a growth in the county’s economy if implemented.

Hotels in Narok

Some of the high-end hotels in Narok include:

• Mara Frontier Hotel
• Maendeleo Parkview Hotel
• Mong’are Lodge and Restaurant
• Walabi Mara Hotel
• Longonot Transit Hotel
• Oseki Maasai Mara Camp
• Maasai Mara Sunset Camp
• Maji Moto Maasai Cultural Camp

Roads in Narok

The county is gradually opening up for cross-county and inter-county trade through transformative infrastructural development. The now functional road networks have been made possible by the availability of road maintenance equipment procured by the county government. The county government has opened, constructed, and rehabilitated the majority of roads within the county and continues opening up feeder roads to facilitate timely transport of fresh and perishable farm produce to the markets. Development of the road infrastructure is very critical as it is a catalyst for both economic development and ensuring the growth of the real estate market in Narok.

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Construction Sector in Narok

The National Government has spent Sh22 billion since the beginning of devolution to build infrastructure in different parts of Narok County. Secretary for Youth Affairs, Charles Sunkuli, said among the key flagship projects implemented in the County including the construction of Ewaso Nyiro Tannery in Narok South Sub-county, over 300 kilometers of road tarmacked and implementation of a mega water and sewerage project in Narok town. He said the tannery is a major project that can transform the livelihood of the county’s economic status if well utilized.

Some of the key improved roads include:

• Emarti- Kabolecho- Olchobesei Road
• Ewaso- Nyiro- Naroosura- Morijo Road
• Emarti-Kabolecho-Olchobesei Road
• NCPB-Oletukat-Iltumutum-Enkorika

Conclusion

Considering starting a project in the county? Work with the best real estate company that provides proper services and delivers. West Kenya Real Estate Company is a well-known construction company with well-known architects and beautiful designs of houses we provide construction, property letting, property valuation, management, sale, and house plans. Why should you choose us as your construction company, we are affordable, quality, detailed and modern contact us via email at info@westkenyarealestate.com or SMS, call, or WhatsApp (+254789217685/+25424481087). You can also visit us in our offices in Kisumu or Nairobi.