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Extra hidden costs to consider when buying land in Kenya.

Closing costs normally add up to 2-8% of the entire purchase price and cover legal fees and taxes associated with completing the sale and transfer of title, among other things. Buyers should also consider property taxes associated with their newly acquired land and account for how much they owe each year.

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Interesting Things About Naivasha

Northlake Breeze Estate Naivasha, is a modern and purposeful estate beckoning at you with its enchanting beauty. Within the estate, we offer investors a new location to choose from for both Holiday homes and Airbnb rentals

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Why should you invest in Athi River?

Why should you invest in Athi River?
Athi River pops up among the top on the list land buyers are eyeing.
Why is Athi River among the most coveted areas? Speculations of extending the Standard Gauge Railway (SGR) to the Export Processing Zone (EPZ) in the area made Athi River pop up top of the list.
EPZ speculation & cash in rush led to an increase of land price in Athi River.

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Why invest in Land?

Land has always been a popular investment opportunity in Kenya. The demand for land in Kenya always increases due to its limited supply and ever-increasing demand.

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Members of pension schemes to use up to 40% of their accrued benefits towards home ownership

In 2020, more effort towards accessing home ownership was put in through the Retirement Benefits (Mortgage loans) (Amendment) Regulations, 2020. The regulations allow members of pension schemes to use up to 40% of their accrued benefits towards home ownership. Despite putting in place these provisions, pension-backed mortgages have attracted very few borrowers. Many Kenyans do not know of the existence of these advances, or how to access them.

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Riruta: Nairobi’s Real Estate Hidden Gem

Historically, Riruta and the wider Dagoretti area have been highly preferred by Nairobi tenants owing to their close proximity to the key commercial nodes of Kilimani, Community, Upper Hill, and the CBD. The area also neighbors the upmarket Lavington and is well-served by public transport.

Similar to other Nairobi suburbs, Riruta has over the last few years metamorphosed into a peri-urban neighborhood as seen by the sparsely populated low-density units that previously dotted the area now giving way to modern high-rise apartments.

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Buying off plan Property in Kenya

Buying off plan properties is something many prospective homeowners shy away from as they feel it is a complicated process that can end up frustrating their house acquisition plans.

For starters, buying off the plan property refers to a process where an investor buys into a new development long before construction begins.

Although this may sound like a risky business, the concept of buying houses off the plan is increasingly gaining currency among prospective home buyers in Kenya.

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5 Tips on how you could downsize your home

In recent years, there has been a growing trend of people downsizing their homes. There are several reasons why this is happening. First, many find they no longer need as much space as they once did. Parents often have empty bedrooms and unused living spaces as children grow up and move out. In addition, many people are downsizing to save money. A smaller home requires less upkeep and is usually cheaper to heat and cool. Additionally, people are downsizing to live a more minimalist lifestyle. By getting rid of excess belongings and living in a smaller space, they can simplify their lives and focus on what is truly important to them

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The emerging asset class market in Nairobi’s real estate sector

The industrial sector, too, continues to be one of Nairobi’s leading real estate market sectors. Developers’ interest matched with occupiers’ demand especially in the SMEs, agricultural and FMCG sectors means that there are unlimited opportunities in the market for investors. With only 11% of the total stock estimated at 17 million sq. ft under development, the market remains largely undersupplied especially with regards to purpose-built warehousing.

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