What is the size of the mortgage market in Kenya? There were 26,187 mortgages in the market in 2017, a nine percent rise from 24,059 in 2016. The number of mortgage loans has been on the rise over the years. How many Kenyans can afford a mortgage? A 2011 World Bank report estimated that only 11 percent of the urban population can afford a mortgage. Households need to have a comfortable income to...
A-grade buildings in Nairobi have an average of 2.2 parking bays per 100 metres square whereas B-grade buildings have an average of 1.5 parking bays per 100 metres square. Most of the A-grade office space is located in Westlands and Upper Hill. Innovative approach to leasing To book your wedding cake today, please call / Whatsapp Tajicakes on 0724 771009 Negotiate for revenue share rent as opposed to...
What is a Capital Gain? A capital gain is the difference between the acquisition price and the selling price of anything including a capital item. It is the appreciation in the value of the item from the time it was bought to the time of selling it. Hence, a capital gain in a property is the difference between the selling price and the cost of the property. Actual cost of the property The cost of the...
Almost 4,000 years ago, King Hammurabi of Babylon, Mesopotamia, laid out one of the first sets of laws. Hammurabi’s Code is among the oldest translatable writings. It consists of 282 laws, most concerning punishment. Each law takes into account the perpetrator’s status. The code also includes the earliest known construction laws, designed to align the incentives of builder and occupant to ensure that...
A failed vision By RICHARD MAROSI | Veracruz, Mexico NOV. 26, 2017 Sixteen years ago, Mexico embarked on a monumental campaign to elevate living standards for its working-class masses. The government teamed with private developers to launch the largest residential construction boom in Latin American history. Global investors — the World Bank, big foundations, Wall Street firms — poured billions of...
Recently I was out in the field doing my usual business of valuation. I met a young man who had inherited a prime 3 acre property in Kajiado county from his father who was present during the visit. We mentioned to our client how fortunate he was to have inherited a property valued at almost 50 million. At that point he disclosed the inside story. To book your cake today, please call / Whatsapp Tajicakes...
NOW AVAILABLE Every Kenyan looking to invest in Real Estate needs this book. The information in here....even Google don't got it! The book is retailing for Kshs 500 per book. Due to the overwhelming demand for the book, "How to INVEST in Real Estate in Kenya", we have partnered with SHIKILIA Stores http://www.shikilia.co.ke/#/resume who will do the following; 1. Stock the book in their shop at...
How the Kenyan church can house 1/4 of Nairobi's population. General reports indicate that Kenya's housing demand stands at about 200,000 housing units a year with a backlog of about 1.85 million units. According to the national census carried out in 2009, Nairobi's population was estimated at 3.1 million people. In 2018, this number is expected to be above 4 million people. For over 50...
A commercial plot on sale. Note the fence is almost completely submerged in water. If you want to buy a plot, this is the best time to shop. You are likely to see it in its worst state and you can either avoid it completely or negotiate for a handsome discount. The Land agents will not want you to see this. The cost of construction on a piece of land that is prone to flooding is normally very high....
By LUKORITO JONESDaily Nation January 24 2018 While the real estate scene across the country might appear promising, “There are several locations where its bubble has either burst or is just about to burst,” warns Valuer Kariuki, a valuer and real estate adviser. The author of The ABC of Real Estate Investment in Kenya, who has more than 10 years’ experience, says investing in real estate is...