Kenyan homes expo opens in New York

Houses for sale in Nairobi

Houses for sale in Nairobi

The first annual Kenyan Diaspora Homes Expo opens Saturday in New Jersey Exposition Centre, New York, linking Kenyans living in the United States with investment opportunities back home.

The thee-day event scheduled for August 30 to September 1, 2014 has been organised by King’s Pride Properties, a Nairobi property developer, and targets to attract 300,000 people from all over the US.

“The expo is expected to draw at least 300,000 Kenyans living in theUS, linking them directly with the real estate market back home. This is while opening up international frontiers to stakeholders in Kenya’s property sector,” said Martha Kanyumba, the expo director.

According to Ms Kanyumba, the event will be a one-stop-shop providing Kenyans seeking to invest back home with access to key stakeholders offering products tailored to meet their needs.

“Through the exhibition we address the frustrations that come with making property investment decision and monitoring investments from another continent by giving the diaspora first hand access to exhibitors, some of whom will offer them opportunities in the form of joint ventures,” she added.

The expo has attracted 20 investment companies, seven financial institutions, insurance providers and a host of developers keen to tap into the Sh100 billion Kenyans in the diaspora remit home annually.

Among the exhibitors are CIC Insurance, National Bank, Kenya Commercial Bank (KCB) and Re/Max, a New York Stock Exchange-listed real estate agency that operates globally through a franchise model.

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