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From the blog

Why your sacco should NOT subdivide that land.

First published on April 15, 2014 Last Saturday I was speaking to several leaders of various cooperative societies and saccos in Nairobi and its environs. The default thing that these saccos (and am sure this is what your sacco or coop society is doing, raise your right hand if am[…]

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Procedure for Land Subdivision in Kenya

Subdivision is the act of dividing land into pieces that are easier to sell or otherwise develop. This requires control for the following reasons. To ensure that each subplot has adequate access roads, open spaces and social infrastructure. To ensure that the proposed population density can be served by the available services. To[…]

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Sources of financing for real estate

There are several ways and places one can explore while planning to get funding for a real estate project; –          Personal saving –          Financial institutions –          Pre-sales/Off-plan sales –          Joint Venture –          Contractor financed –          Offshore funding Personal saving/Owner funding This applies where a developer has enough money to run the project through to completion. This[…]

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Every banker should own a house.

First published on June 15, 2014 The first time I said this statement in the presence of my wife, she looked at me stunned and she refuted my claim. I went on to explain my point. You see, if you work for a bank, you have many privileges that the[…]

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#Where2buy ( Ruaka / Muchatha / Banana)

Post first published in July 9, 2014 I normally charge for this information but today am going to let the cat out of the bag. I got a phone call from my childhood friend’s mom. She asked me, “my son, where are people buying land?” I gave her several options[…]

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Highlights of The Matrimonial Property Act, 2013

        DEFINITIONS (Section 2)              1.1       “contribution” means monetary and non-monetary contribution including- domestic work and management of the matrimonial home; child care companionship management of family business or property; (See definition below) farm work;             1.2       “family business” means a business run for the benefit of the family and which generates income[…]

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To buy “OFF PLAN” or not?

Ever since Jane Wangui and her husband bought their home in Lower Kabete, Nairobi, it has been a cat-and-mouse game with the seller. For seven years, they have pursed the developer to hand over the land titles, to no avail. They have hired lawyers to follow up on the case,[…]

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The opportunity cost of owning a car in Nairobi

  Description Cost per month Monthly total Cost per year Sub total Total Cumulative Initial cost 1a Purchase a “new”  ex Japan car. 1,000,000 1b Install car tracking system, sound and rims 80,000 Running costs 2a Fuel of Ksh 500 per day to go to work and back 6 days[…]

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Why Kenyans are not taking mortgages + reality check

In this illustration, mortgage will mean borrowing from a bank or sacco to either buy land, build a house or buy an already built house. This is mostly based on the assumption that the young person is working for a company or organization that has already negotiated a very low[…]

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