Dreaming of ocean breezes, swaying palms, and a laid-back coastal lifestyle? Malindi, Kenya offers one of the country’s most beautiful and affordable beachside living experiences. With its white-sand beaches, coral reefs, and historic charm, Malindi is a top choice for retirees, investors, and holiday home buyers.
Whether you’re looking for a beachfront villa, a gated townhouse, or a rental property, Malindi’s real estate market has something for everyone. Here’s your complete guide to buying a house in Malindi, Kenya in 2024.
Why Buy a House in Malindi?
✅ Affordable Coastal Living – Lower prices than Mombasa or Diani
✅ Tourist Hotspot – High demand for holiday rentals (Airbnb, short-term lets)
✅ Beautiful Beaches – Pristine coastline, marine parks, and diving spots
✅ Expat-Friendly – Large community of Europeans, retirees, and remote workers
✅ Growth Potential – New infrastructure, airport upgrades, and tourism revival
Top Areas to Buy a House in Malindi
1. Mnarani & Watamu Road
Best for: Beachfront homes and privacy
- Direct ocean access, upscale villas
- Close to Mnarani Marine Park and golf course
- Price range: KSh 15M – 100M+
2. Shella
Best for: Expat living and tranquility
- Quiet, upscale neighborhood with expat community
- Gated homes, sandy streets, and sea views
- Price range: KSh 10M – 50M
3. Town Centre & Makupa
Best for: Affordability and investment
- Central location, close to shops and transport
- Mix of apartments, bungalows, and rental units
- Price range: KSh 6M – 20M
4. Kilili & Marienba
Best for: Family homes and security
- Residential zones with paved roads and 24/7 security
- Popular with Kenyan families and returnees
- Price range: KSh 8M – 30M
5. Off-Plan & Gated Communities
Developers like Kaya Malaika, Malindi Palms, and Coral Gardens offer:
- Modern townhouses and villas
- Payment plans over 3–5 years
- Security, water, and electricity included
- Prices from KSh 8M – 25M
Average House Prices in Malindi (2024)
| 2-Bed Apartment | Town Centre, Marienba | 6M – 12M |
| 3-Bed Family Home | Kilili, Shella | 10M – 30M |
| Beachfront Villa | Mnarani, Watamu Road | 25M – 100M+ |
| Off-Plan Townhouse | Gated Communities | 8M – 20M (with installments) |
| 1/8 Acre Plot | Shella, Makupa | 2M – 6M |
💡 Tip: Off-plan projects often offer 10–20% lower prices with flexible payment plans—ideal for budget buyers.
How to Buy a House in Malindi: Step-by-Step
- Set Your Budget & Financing
- Cash buyers move fastest
- Mortgages available through KCB, Co-op Bank, or local developers
- Foreigners: Can buy on leasehold (up to 99 years)
- Work with a Licensed Agent & Lawyer
- Choose professionals familiar with Malindi’s market
- Verify title at the Lands Registry – Malindi Branch
- Conduct Due Diligence
- Perform a land search to confirm ownership
- Check for flood zones or coastal erosion risks
- Confirm access to water, electricity, and sewer
- Sign Agreement & Pay Deposit
- Typically 10% deposit (held in escrow)
- Agreement includes handover date and payment terms
- Complete Transfer & Registration
- Pay stamp duty (4–6%), legal fees (1–2%)
- Registration takes 6–10 weeks
Investment & Lifestyle Benefits
- Rental Income: Strong demand from tourists and expats (6–10% annual yield)
- Affordable Luxury: Beachfront homes at lower prices than Diani or Nyali
- Peaceful Living: Less crowded than Mombasa, ideal for retirees
- Natural Beauty: Proximity to Watamu Marine Park, Arabuko-Sokoke Forest
Frequently Asked Questions (FAQs)
Q: Can a foreigner buy a house in Malindi?
A: Yes. Foreigners can own property on leasehold (up to 99 years), especially in apartments and gated estates.
Q: Is Malindi safe for property investment?
A: Yes—areas like Shella, Mnarani, and Kilili are secure, well-established, and popular with international buyers.
Q: How much deposit do I need?
A: Typically 10–30% for ready homes. Off-plan units may require KSh 500,000 – 1.5M booking fee.
Final Thoughts
Buying a house in Malindi, Kenya is a smart move for those seeking coastal beauty, affordability, and lifestyle. Whether you want a holiday home on the beach, a retirement villa in Shella, or a rental property near the town center, Malindi offers excellent value.
