Real estate investment is one of the most popular investment options, other than stock and forex trading and investment. In fact, many high profile investors, and billionaires, and the market watchers are of the view that it is better and safe to invest in the real estate and the mortgage market. This is because, both stock and forex investments are much more complex, and involves risks at various...
August 2016
Yesterday I went to value a property in Nyahururu. As usual, I carried my tape measure, camera and a map of the parcel that I had gone to inspect. I didn’t carry my scale rule as I should, coz in the past I have not really had to use it in Nyahururu. After all , the smaller the luggage, the better for me since I was using public transport. When I arrived in Nyahururu town, I met with my client and we...
There is this tycoon that had bought land along Kangundo road. The reason I call him a tycoon is because apart from the 5 acres that we are talking about, he had many other parcels of land scattered across the country. Let’s just say he was a typical Kikuyu man who had accumulated a lot of “wealth”. Let’s call him Mr Gitonga. Just like all of us, once you have bought a parcel of land and fenced it,...
Two weeks ago, a guy came to our office. He looked like he is in his late 20s and asked the receptionist how much it would cost to do a valuation and to do a search separately. This was strange since a search is normally part of valuation so we don’t charge it separately. The receptionist referred him to me. For the sake of this illustration, let’s call him Peter. When Peter started explaining what he...
The other day, my friend called me. He sounded very excited. After a minute of catching up, he told me that he needed my opinion. He had finally found land that he could afford. He told me that he had found some land in a County not far from Nairobi that was selling at a very fair price. He said, “I saw an advert that an acre is going for Kshs 30,000 per acre”. He said that the neighboring land was...
This morning in a local fm station, the presenter talked about a certain “investment of a lifetime”. Am not really a fun of listening to him but due to unavoidable circumstances, am compelled to listen in as I go to work. This is not the first time he has used the above words to describe a property…I guess he has a standard script and all he does is change the name of the property. Anyway, that’s...
Farhana Hassanali likens Kenya’s housing market to an inverted pyramid. She says the supply of housing units at the bottom — the low and the lower-middle income segments — is as small as the tip of a pyramid, whereas the upper middle and the high-end of the market enjoy broad supply, just like the base of a pyramid. “That is the tragedy of our housing market today,” Ms Hassanali, the business...
Mr Kamau, a high school teacher, built his dream house in a rural part of Murang’a county, although it was just 20 km from Murang’a town. He lived there happily with his family until one day when he was parking his 4wd car, some bunch of criminals appeared. He pleaded with them not to harm him and luckily, they didn’t They made away with his car. The following morning, his car was found by the...
Do you know why at times you fail to get that loan to develop your property? Maybe as an institution or individual you are not well dressed to meet the financier. Look, if your bank has 7 million account holders or 40 million across Africa, it might not be practical to give personalized attention to all these account holders. Some investors have very brilliant ideas but they are not well dressed. What is...
First published on January 2, 2013 In the last quarter of 2012, I attended very many weddings. This year, I will change my eating habits when I go for weddings. I only eat rice and beef but still end up with food poisoning .This year, I will strongly purpose to only take soda when I go for weddings. This way, am sure I will not get food poisoning. I have four other resolutions. Let me list them down:...