-
FAQs For First-Time Home Buyers
For first-time buyers, buying a house is one of the largest investments most individuals make in their lifetime and one that requires much thought and input. You can’t afford to make a wrong investment and acquire a property you wouldn’t give a second glance at! If you’re like most people who make their first property […]
-
Is buying property a good investment?
Is buying property a good investment? Which is better: buying a car for an Uber business or purchasing land? According to Trading Economics, the inflation rate in Kenya as of July 2022 was 8.3% the highest recorded increase since 2017. Investing in both land and or a car for Uber business is both profitable since […]
-
Investing in real estate in a recession
Is investing in real estate in a recession a possibility? Recessions are no new thing in the country and the world at large. Recessions are characterized by high unemployment rates, falling stock prices, high-interest rates, and loss of consumer confidence. In 2007 when Kenya faced election violence, house prices took a steep, stock prices reduced, […]
-
How to Invest in Real estate in Kenya from Diaspora
Most Kenyans living in the diaspora spend most of their finances on the purchase of land. However, the question begs how does one invest in real estate from the diaspora? According to a survey done by the Central Bank of Kenya in 2021, the remittance from the diaspora amounted to USD 3,718 million with most […]
-
7 New Trends in Real Estate
The real estate sector remains a major player in the country’s economy. Over the years, its contribution to the overall GDP has grown exponentially. According to the Kenya Bureau of Statistics, it grew from 10.5% in 2000 to 12.5% in 2012, in 2016 it was at a whopping 13.8% and even with the recession, it […]
-
Kenyan real estate sector during elections
The Kenyan real estate sector before the elections has enjoyed tremendous growth. According to the Kenya National Bureau of Statistics, in 2021, the real estate industry in Kenya contributed 8.9% of the country’s GDP. This improved record in the sector is supported by the focus on the development of infrastructures such as housing, water, and […]
-
Questions to ask when buying a house off-plan
The concept of off-plan buying has gained traction in Kenya in recent years. The majority of investors are attracted to off-plan buying owing to the promise of property appreciation. When buying off-plan, it means you’re purchasing a property that is not yet complete or started. Buying property on off-plan offers great investment opportunities as you […]
-
10 DIY renovations you can make to a new home
When we purchase a house, we all want this new space to feel like home by renovating it to suit our uniqueness and preferences. DIY renovations may seem like a far-fetched idea and a big task. However, with the right ideas, upgrading your house becomes effortless. So, let’s delve in and see some of the […]
-
How the government of Kenya is facilitating affordable housing
The Government of Kenya under the leadership of president H.E Uhuru Muigai Kenyatta has made it a priority to ensure long-term economic growth and development for its citizens through “The Big Four Agenda” under which affordable housing falls under. Although the housing development in Kenya has grown significantly, developers have mostly focused on middle to […]
-
7 Factors that make a place a prime location
When considering purchasing a house, one of the questions that are floated is “what are the best places to live in Nairobi?” We all strive for finer things in life, how much more is the house we strive to live in? The term ‘prime’ in real estate refers to the things that make a place […]
-
How does mortgage refinancing work?
What is mortgage refinancing? How does it work? If you have bought a home, you have probably applied for a mortgage from your bank. The process of refinancing a mortgage is no different than applying for a mortgage in the first place. So, what is refinancing? Refinancing is a term used when an existing credit […]