What are land rates? Land rates is simply a form of property tax paid yearly to the local county government by a land owner. It is based on the unimproved value of your land and the amount varies depending on; your location, land size and amenities provided. Unimproved value means, the value of the land without buildings or any improvement – when bare. Rates are paid as a statutory obligation...
Land buying and selling forms a key part of Kenya’s real estate market. And a very important one for that matter. Consider this: without land, you cannot build, and if you cannot build, you cannot sell or rent out your property. That is why I think it is important for you to understand land and how it is transacted. Sadly, there has been a shortfall in information regarding land, and the few people...
What is a land sale agreement? A land sale agreement is a contract between a seller and an interested buyer that outlines the terms and conditions of sale. Land buying is a process, and anything can happen along the way. To ensure that the rights of both buyer and seller are protected, a sale agreement is important. It protects the seller by making sure they are not wasting their time, as only...
Recently, someone came to us looking for a piece of land to buy around Nairobi. They wanted somewhere they could develop some apartments but did not want to spend huge amounts of cash on land alone. In Nairobi, developers end up spending us much as 60% of their project investment on land alone. So for us the task was simple, get land in a fast growing pocket near Nairobi with a huge potential for future...
One of the most crucial steps that you need to take before buying land is doing a physical site visit. In real estate, seeing is believing. Therefore, you cannot afford to skip this crucial step in a sector where trust is paramount. A site visit is simply a physical trip to the piece of land or development that you have interest in. In this short blog post, I will be providing you with the information you...
Iron sheets or as we commonly refer to them here in Kenya as Mabati are one of the most common ways of roofing houses. Their versatility, in that you can use them for; roofing, walling or even as a fence at a very affordable price point has made them popular. However, despite them being this common, many people are still not yet familiar with the types, gauges and prices of the various Mabati options. In...
Banda Homes has been in the headlines since 2019, and all for bad reasons. If you are not familiar with the company, Banda Homes is a real estate developer famous for the off-plan model of housing. Buying a house off-plan means that you are buying into the concept of the development before any units are complete. Many Kenyans love this model because it offers them the flexibility to sort out the payments...
When you hear about Tatu City, what comes to mind? For many people it is often a city with many rules; to some it is a safe haven for local celebrities. But for the majority of people, they just don’t know, and I don’t blame them. Tatu City has been sort of hidden to many, as it is nestled within the outskirts of Nairobi. There are no public service vehicles passing in Tatu City, and so, it has been...
Nairobi’s population is seeing a sharp growth. This growth is primarily due to the abundance of job opportunities, robust infrastructure, and convenient accessibility. This has made many people urbanize, and with that comes a sharp demand in housing. Over time, this increased demand has led to price increases that have priced out many people from buying land within Nairobi. Moreover, the...
Investing is the surest way to build wealth for anyone regardless of their age. And while there are many investment vehicles, real estate stands out as one of the most stable and most rewarding ones. Stick with me as I convince you why I think you should invest in real estate despite the massive discouragement by many “uninformed” persons. And because there are always two sides to every coin, we are...
Compare listings
Compare