How August 2022 elections will impact on the real estate market in Isiolo.

Isiolo County is considered Deputy President William Ruto’s stronghold as we head towards the August polls. In the recent past, Isiolo County has undergone various developments undertaken by both the county and national government. In this article we want to look at how the eagerly awaited August polls will shape the real estate market in Isiolo.

Facts about Isiolo

Isiolo County is situated in the Upper Eastern sub-region of Kenya, and lies 285 kilometres north of Nairobi. Isiolo lies along the long A2 Road, leading towards Marsabit and Moyale to the north. The town is served by Isiolo Airport, which is set to be upgraded to serve tourism and local exports. Isiolo is set to become a major part of Kenya’s economic development plan Vision 2030. The plan calls for Isiolo to become a tourist center that will include casinos, hotels, upscale retail outlets, a modern airport and transport facilities. Isiolo will also be a transport hub as the location of the fork of the Lamu Port and Lamu-Southern Sudan-Ethiopia Transport Corridor.

Places to visit in Isiolo

Isiolo is a great tourist attraction destination in the eastern region of Kenya. There are many places to visit in the county some of which include:

• Lewa Wildlife Conservancy
• Shaba National Reserve
• Buffalo Springs
• Kalama Conservancy

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Isiolo Town

Isiolo Town is known for its large market with brass, copper and aluminum jewelry making being a local industry. It is also a transport hub to the northern border town of Moyale which has led to growth of real estate market in Isiolo. Trucks to and from Moyale make stop overs boosting the hotel business in the town center. The Samburu, Buffalo Springs and Shaba National Reserves lie north of the town, while Lewa Downs reserve is located south of Isiolo.

Isiolo is a small town but has seen a lot of development over the past few years. There are several hotels in town that serve as accommodation for travelers visiting Kenya and beyond. One can find cheap accommodation for travelers who want to stay overnight before heading out on safari or exploring other parts of Kenya.

Estates in Isiolo

Isiolo County being located in the dry parts of the country, has low occupants. According to the 2019 census. The county has a population of about 300000 people. Within Isiolo County, the rich and most politicians live within the CBD of Isiolo Town and Safi Estate. The other arid land is mainly occupied by the common mwananchi.

Isiolo real estate market

Currently, real estate developer are working closely with the county and national government respectively to build houses and estates. This is a real time venture that will see the county face grow by vision 2030.Isiolo has good land deals with an acre going for around one million shillings.

With the effects of 2022 August general elections various impacts are expected on the real estate market in Isiolo. While in Isiolo County yesterday, The ODM boss promised to fix Isiolo insecurity within 100 days in office. He said restoring security in the region that has suffered from perennial bandit attacks, will be one of his priorities if elected president.

The ODM boss spoke during Azimio rallies at Merti and Garbatulla in Isiolo. He said he will lay down concrete strategies to stop the conflicts, which have led to death and loss of properties. He also said he will turn Isiolo into a world-class economic zone, capitalizing on its strategic gateway between northern and southern Kenya. If implemented this will greatly improve real estate market in Isiolo.

In the same region, Kenya Kwanza boss Deputy President William Ruto promised Isiolo residents an improved economy dubbed ‘pesa mfukoni’.Even though it does not seem to influence the real estate market in Isiolo directly, it may encourage young investors in the region to engage in investments in the real estate sector since they will be having funds.

Hotels in Isiolo

The hotel industry has been growing in Isiolo due to high tourism activities ongoing in the county. Some of the best hotels in the county include:

• Saala Hotel
• Grande Hotel
• Northern Galaxy Hotel
• Shamz Hotel Isiolo
• Silver Bells Hotel
• Isiolo Transit Hotel

Roads in Isiolo

At a cost of 81 billion shillings, the Isiolo Mandera highway will be the single largest infrastructure project in the northern Kenya and one of the most expensive roads in the country. The road project has been divided to four phases. Investors forecast that it will open up the region and improve real estate market in Isiolo.

Construction sector in Isiolo

There has been a number of construction activities that have shaped the real estate market in Isiolo. Construction of a 550 million market is aimed at boosting trade in the northern frontier counties .The project is expected to reap big from completion of Isiolo Airport and the LAPPSET project. The projects have also created employment for many youths in the county.

Conclusion

Theses lucrative projects can only be utilized appropriately through election of responsible leaders by the county residents. With many political bigwigs promising the region lots of goodies, potential investors are keen to examine the performance of real estate sector in Isiolo and rip big from it.