I have savings of ksh 1m to invest in a residential plot(1/8th of an acre) - not built - in the suburbs of Nairobi city - say 30km from the city (Kitegela). the plots cost from 2m-3m, is this a good idea ? I will have to take a bank loan of 1.5m to top up. I also have an option of buying an apartment 25km from the city almost the same price or higher.my third option is to buy some 2 acres in my home area in the country side - with title - and build a residence.
please advice which way i should take. currently am renting out a house in the city.