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Category Archives: Buying Properties

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Towns with high potential for real estate

From Kenya’s capital Nairobi to the various counties, real estate remains an attractive investment to many. The demand for housing is growing with increased urbanisation and growth of devolution, yet the government has been unable to meet the annual housing requirements. This has opened up business opportunities for private sector players, who are buying land and developing houses to cater to different types of …

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Real Estate Business In Kenya Is The Best Investment S...

Many people in Kenya usually get money and do not know what to do with it! Nowadays, especially with lotteries gaining popularity in Kenya, anyone can become a millionaire. It is not the era when only accountants and lawyers had real money in Kenya, now the problem is not how to become rich, the problem in Kenya is how to distribute wealth. There was …

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How to start a real estate business

How to start a real estate business in Kenya: Investing right in the property business is a skill that takes time to learn but  which, if mastered,  can guarantee you a comfortable life because you will be able to successfully manipulate your assets to get maximum profits. However, a common problem many first-timers have is deciding on the type of real estate they should …

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Buying house? 10 blunders to avoid

1 Going it alone: Buying a house is probably the most intricate and time-consuming thing you will ever do. While, for instance, buying a car only requires a sale agreement and a couple of handshakes between you and the seller before the log book is transferred to you, a house requires a lot more than just that cushy mutual consent. Statutory requirements demand that …

Why Live in Nairobi as an Expat

Lifestyle in Nairobi  PRO: Relatively integrated society With the emergence of a large middle-class with disposable income, the expat and local communities are not as segregated as they used to be. Kenyan and expat parents mix openly at kids’ schools, country clubs, bars, shopping centres and local restaurants.  PRO: Mild climate Nairobi enjoys a mild climate throughout the year. The city is at a …

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Buying A House in Kenya

Total transaction costs are low in Kenya   How high are realtors’ and lawyers’ fees in Kenya? What about other property purchase costs? TRANSACTION COSTS Who Pays? Stamp Duty for Draft Transfe 2% – 4% buyer Legal Fees 1.5% buyer Banker’s Check Charge KES600 (US$7) buyer Registration KES500 (US$5) buyer Real Estate Agent’s Fee 1.25% seller Costs paid by buyer 3.51% – 5.51% Costs …

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Buying a Home

There are cracks in the foundation. Nothing structural. Nothing that’s going to threaten the stability of the home, but they’re there. Nooks, crannies and holes through which seeps an invisible threat. Colorless, odorless and undetectable by your average human, it is nonetheless the second leading cause of lung cancer in the United States. Radon gas – even the name sounds ominous, evoking images of …

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Selling Your Home in Kenya

What does it take to sell a house fast? It is important to know you cannot just make sales by having many houses (to sell). Houses do not just sell by being displayed at a home expos or being advertised in newspapers and other media. Today’s market is very competitive, with numerous agencies selling nearly similar properties. This then means if you have to …

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