How August 2022 Elections in Kenya will Impact Real Estate Market in Elgeyo Marakwet.

Located in the heart of Kalenjin land, Elgeyo Marakwet is one of the critical strongholds of Deputy President William Ruto as we head towards the August polls. How will this shape the real estate market in Elgeyo Marakwet if DP Ruto or his main competitor Raila Odinga wins?

Facts about Elgeyo Marakwet

Elgeyo Marakwet County is located in the Rift Valley and borders West Pokot to the North, Baringo to the East, South East, and South, Uasin Gishu to the South West, and West and Trans Nzoia to the North West. It covers an area of 3,032km2. According to the 2019 Kenya Population and Housing Census, the population is 454,480 with a population density of 150 people per km2 and an annual growth rate of 2.8%. The main economic activities include livestock and subsistence farming, fluorspar mining, and small business. It is endowed with arable land, and waters from River Kerio and Fluorspar at Kimwarer. The County has 4 constituencies divided into 20 electoral wards.

Places to visit in Elgeyo Marakwet

Some of the best places to visit in Elgeyo Marakwet include:

  • Kerio Valley National Reserve
  • Rimoi National Reserve
  • Tambach Museum
  • Torok Waterfall
  • Kapkurmoi Conservancy
  • Kipteber Mountain
  • Elgeyo Escarpment
  • Kerio Valley
  • Cherangani Hills
  • Kureswo Hot Spring

Iten Town

It serves as the capital and is the largest town in the county. The town lies along a road between Eldoret and Kabarnet at the junction of the road heading to Kapsowar. Elgeyo escarpment and Kerio River are located east of Iten. The town has a population of 42,312 people.

In some ways, Iten looks like a typical African town. Families live in stone houses scattered around the hilly countryside, tend their land, and lead farm animals through the town’s red-dirt roads. Once a week there is a market in the center of town, where one can find homemade goods and knockoffs of Western brands at a steep discount. Children wander, always happy to initiate a conversation with strangers. But Iten is unlike any other town in the world. It is the undisputed capital of Kenyan distance running, a discipline that the country dominates internationally.

Estates in Elgeyo Marakwet

Although most people live in informal settlements in Elgeyo Marakwet, there are a few estates in the county which include:

  • Chegilet
  • Kabulwa
  • Kamariny
  • Kessup
  • Singore
  • Chepkum

Elgeyo Marakwet Real Estate Market

Elgeyo-Marakwet, Nyandarua, and Laikipia have had the fastest economic growth over the last three years, new data shows. The counties’ GDP growth rates are 10 percent or above—defying an overall trend of sluggishness throughout the country. According to Raila Odinga, he will address issues of insecurity in the region through the deployment of security personnel to prevent banditry attacks. William Ruto has also promised the completion of stalled projects such as Arror and Kimwarer if he gets elected. These moves will be a catalyst for real estate investments in the county. The GDP growth rate is an indication of good marketing performance that will attract potential investors.

Hotels in Elgeyo Marakwet

Elgeyo Marakwet has many tourist attraction sites that have led to great demand for hotel accommodation facilities. Some of the hotels in Elgeyo Marakwet include:

  • Samich Resort
  • Sego Safari Lodge
  • Kolol Hill Cottage
  • Keellu Resort Centre
  • Kerio View Hotel
  • Kerio River Lodge
  • Flax Holiday Home
  • Naveen Resort
  • Koilebel Homestay

Roads in Elgeyo Marakwet

In Elgeyo Marakwet County, a motorist is treated to an unnerving view of the escarpment that forms the backbone of Kerio Valley. Despite the spine-chilling experience of navigating a road with numerous sharp bends and steep hills, it is considered a death trap for locals because of its undulating rock-filled hills and numerous sharp bends. Few dare use this 15-kilometer tarmac road and the ‘brave’ ones who occasionally ply the route have lived to tell tales of scary experiences. Locals prefer to travel hundreds of kilometers using alternative routes for fear of accidents on this now regular route.

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Construction Sector in Elgeyo Marakwet

North Rift Valley Water Works Development Agency will fund water works in Elgeyo Marakwet County.   Abraham Barsosio, the county executive member for lands, water, and climate change recently hosted a delegation from the agency who came to discuss projects that have yet to be implemented in Elgeyo Marakwet County. The agency is tasked with developing, maintaining, and managing water works within four counties in the rift valley region. Water being an auxiliary service will attract a high population in the region that will lead to a boom in the real estate market in Elgeyo Marakwet. Also, stalled projects such as Arror and Kimwarer have played center stage in the political scene with top politicians promising its resumption and completion.

Conclusion

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.

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