Nairobi Has The Fastest Growing Luxury Real Estate Prices on The Planet
It’s no secret real estate prices in Nairobi have seen phenomenal growth over the last 10 years, driven by an improving economy, rural-urban migration, easier access to home loans and increasingly wealthy Kenyans abroad investing their money back home. What is surprising though, is that in 2011, prices at…
Got a Spare Room? Get Some Spare Cash
Living in Nairobi for the single person is not an easy thing, especially when it comes to finding housing. Most decent housing in middle and upmarket areas such as South B, C, Kilimani, Kileleshwa and Westlands is built with families in mind, and thus the single renter either has…
Experts Warn Kenyans Against The Turkana Land Rush
Some Kenyans are cynical about the latest discovery of oil in Turkana, but others are undeniably strategizing on how to make a killing out of it. Land experts have warned Kenyans who are thinking of buying land in the area, saying that no one has a specific title for land…
Deadline for Payment of Land Rates Draws Near
Nairobi property owners have 5 days left to pay their land rates or be liable to a penalty of 3% per month for any rates unpaid thereafter. Legal action has already been commenced on defaulters with a view to auction their properties to cover rates. You can check on how…
Housing Business Still Lucrative?
The rush to cash in on the housing industry could still be on after all. Despite the numerous developments coming up in upmarket and low end places, the demand for housing still remains high. Statistics show that Kenya has an annual housing demand of about 210,000 units against an average…
Isn't Konza Just Another Village in Ukambani?
Konza is a small Kenyan town in Machakos District (County) approximately 160 kilometres from the green city in the sun, Nairobi. Under the old constitution, Konza was in Kitumwa Location of Central Division of Machakos District. Prior to last year, no one quite trained their attention on Konza…
Mortgage Market to Grow
Central Bank of Kenya (CBK) Governor Njunguna Ndungu has called for the widening of the local mortgage market to deal with the rising demand for housing. A study by CBK and the World Bank in June 2010 on mortgage finance in Kenya reveled that the market…
Two Can Pay The Rent
If there is a thing Nairobi’s culture has refused to embrace, it is the culture of a roommate. Having a roommate has been largely an American way of living. Most people in Kenya will prefer to work harder to at least afford the whole cost of renting an apartment,…
Legal Procedures Entailed In a Legal Land Sale.
You’ve identified that ideal piece of land, its somewhat within you price bracket, meets your intended objectives plus you’ve fallen madly in love with it. What should you do next to avoid being a victim of a land sale scam. First and foremost, there certain things you have consider before…
Involving a Lawyer in a Property Purchase or Sale
Should I involve a lawyer in a land sale? This is a question anyone thinking of buying or selling a property, particularly a parcel of land, should ask themselves. I’d advise you to involve one, a lawyers role in a property traction is indispensable. The lawyers role when acting for…
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