The south Nyanza region has refused to be left behind in terms of economic development. With numerous towns like Oyugis, Migori, Kendu Bay and the larger Homabay town all doing quite well economically, South Nyanza has cut a niche for itself as a destination for investors looking to exploit the yet to be fully utilized region. Homabay town has especially made a landmark in economic development with numerous major hotels coming up in the region. The number of tourists visiting the area has also recently increased making land for sale Homabay more attractive to investors.
Homabay is a very conducive place for business ventures. With a fairly large population, any type of business can never go wrong in this area. A larger population usually translates to increased buying power. This means that real estate investors should actually smell the need for more commercial buildings and act fast to provide this much required necessity and in turn laugh straight to the bank with huge profit
The fact that a large portion of Lake Victoria cuts across Homabay region comes with lots of advantages. With this, a serious business person can make a lot of money. One can build decent shops to-let for example, for business purposes like restaurants. This will indeed help the fish mongers be able to sell their fish in decent places.
Homabay County has a large population with inadequate housing facilities. It means therefore that there is need for more rental houses. As some people rent houses, some build their own. Construction of rental houses will ensure that there are enough houses to cater for even those moving from rural areas to urban areas. With the high population, again there is need for more schools, since the fear is that in the coming years, the already existing schools won’t be enough to accommodate all the pupils and students. Large scale investors can come in and build private schools as an alternative for the already congested public ones.
Fishing happens to be the main economic activity for the people staying around the lake. Serious business people can hire such pieces of lands and build even a fish processing industry in Homabay. This can also be a source of job opportunities for the locals as well as people from outside the county. Above all, it can help develop the entire county.Land for sale Homabay is fertile and can also be used for cultivation crops. It has good soil that when taken care of well, can yield good produce. Some of the crops that do well in those areas include pineapples, tomatoes, groundnuts, green peas, beans, soya beans, millet, sorghum and finger millet. With good rainfall, a farmer can be sure to get good produce. With most people only practicing subsistence farming in the area, an investor can come in with a large scale farming investment to take advantage of the underutilized agricultural sector.