The creation of top-tier homes along its coast is an indication of how Kenya is changing, with the Kenyan capital Nairobi expecting to see a 78 percent increase in ultra-high-net-worth individuals by 2023.
At dawn, sleek yachts cruise out into the Indian Ocean for a day of big-game fishing. Kenya’s palm-fringed coast has always had an exotic allure: in the 1930s Ernest Hemingway came here to catch marlin and sailfish.
The big fish are still caught (now generally tagged and returned) but these days the coast is equally known for its chic holiday homes.
“The majority of buyers are wealthy upper-class Kenyans and about 20 percent are European,” says Anthony Havelock of Knight Frank estate agency.
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