Kenyan beachfront property market on the up

Flavio Briatore, who is Renault Formula 1 boss, owns property on the country's Indian Ocean coastline. According to a recent report released by Citi Wealth and Knight Frank International, Kenya now has the 'Fastest growth in luxury real estate prices on the planet' with coastal properties, seeing a rise of 20% in 2011.

There has traditionally been an under supply of quality accommodation to buy or to rent in Watamu, Kenyas' favourite coastal destination, voted as one of the worlds top 10 beaches. These are some of the investment reasons underpinning the stunning new development Medina Palms Luxury Ocean Residences.   There is nothing to compare with Medina Palms on this Indian Ocean coast and there has been strong demand from both domestic and international buyers.