How August 2022 Elections in Kenya will impact Real Estate Market in Tana River
Tana River County is one of the counties in Kenya considered to be a battleground in the upcoming 9th August 2022 general elections according to the latest poll by Infotrak. In this article, we want to look at how the 2022 politics will shape the real estate market in Tana River.
Facts about Tana River
It is one of the six counties in the former Coast Region.
The total area is 38862km2
Has a coastal strip of 35km with potential for fishing
Tourism is one of the main economic activities
Places to visit in Tana River County
Some of the best places to visit in Tana River County include:
- Tana River Delta Ramsar Site
- Hola Monument
- Tana Delta Dunes
- Tana River Primate National Reserve
- George Adamson Bridge
- Arawale National Reserve
Tana River Town
The main town in Tana River County is Hola. The town is small with a population of about 6932 people according to the 2019 census. Infrastructure in the town is not well established but it may be promising after the August polls depending on the leaders chosen.
Estates in Tana River
There are no many established estates in the county with the real estate market in Tana River doing well in the hotel sector as a result of tourism.
Real Estate Market in Tana River
- The vastness of the County in terms of areas has affected the real estate market.
The County of Tana River is not only vast, but it also has a diverse landscape. This has affected the real estate market in the county. It is expected that these factors will continue to impact the real estate market in 2022 as well.
- The diversity of the residents also affects the real estate market.
The diversity of the residents also affects the real estate market in Tana River. The County has a diverse population, with most people being young and Muslim. This means that there are many people who have different needs and preferences when it comes to housing, so you will see some changes in the types of homes that become popular as well as their price ranges.
- Floods have become a common phenomenon thus affecting the real estate market.
Floods have become a common phenomenon in the county and have been affecting lives, properties, and other assets.
In order to understand how floods affect the real estate market in Tana River, we have to take into consideration some important facts like:
Floods can cause damage to property.
Related post: How August 2022 Elections in Kenya will impact Real Estate Market in Kilifi
Floods can cause loss of income as a result of damage caused by floods.
In case there is a loss of life, it may lead to monetary compensation or loss of property.
- The lack of steady jobs being offered to the locals has contributed to a poor real estate market in Tana River County.
The lack of steady jobs being offered to the locals has contributed to a poor real estate market in Tana River County. The lack of steady jobs includes:
Lack of good-paying jobs.
- Lack of job opportunities, especially for young people and women.
- Lack of job security, where employees are forced to look for new employment several times during their lifetime.
· Tana River has the potential for a thriving Real Estate Market
Tana River County is a vast area with a population of over 100,000 people. Real estate developers are preferring to develop their projects in this county because of the potential for a thriving real estate market.
Hotels in Tana River
The hotel business is growing rapidly since tourism is one of the biggest contributors to the GDP of the county.
Some of the hotels that are shaping the real estate market in Tan River include the following:
- Delta Dunes Lodge
- Sentrim Tsavo East Camp
Roads in Tana River County
Tana River County has a total of1108km of the road of which 55% is in good condition. Most of the roads are intercepted by seasonal rivers which makes them impassable during rainy seasons. The current county government has tried to allocate adequate resources to scale up most roads.
The construction sector in the Tana River
Main construction projects undertaken in the Tana River include the drilling of shallow wells and three water pans in Chifiri, Hakoka and Gururi.
150 small irrigation projects are also in the works.
Some of the stalled projects such as the improvement of the 129km Madogo-Charedende-Bura-Hola road to Bitumen are some of the issues that need to be addressed by the elected leaders in the region.
Former Governor Hussein Dado who is vying on a UDA party ticket is looking forward to unseat current Governor Dhadho Godana in the August polls. If Hussein Dado and the Kenya Kwanza team we will expect goodies such as new roads which will impact the real estate market in Tana River. The vice versa is also true if Governor Dhadho Godana retains his seat and Azimio la Umoja One Kenya Coalition wins the August polls.
Conclusion
Tana River County has all it takes to have a vibrant real estate market. The vast land available can be used for housing development to accommodate the growing population of the county. You should therefore consider investing in Tana River County since you cannot go wrong with its very promising real estate market situation. Let us see whether the leaders elected after the August polls will transform the real estate market in Tana River.