Have you listened to a politician discouraging you from investing in real estate? Have you believed him? What does he know about the regulations governing banks' property holdings and the investment rules that apply to pension schemes and insurance companies? Did you know that Kenyan retirement benefit schemes can invest up to 30% of their assets in immovable property in Kenya, subject to the applicable...
If you are buying shares, you would normally want to have an analyst to tell you which shares will give you the best return. Better still, you would like to know which shares your stock broker is buying. "Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight. Daniel Drew". Allow me to analyse an opportunity for you and give you insider information. Let’s use a...
11 reasons to give you comfort as you invest in Unity Homes Over the past several years, I have written several articles concerning Unity Homes apartments, sold many apartments to happy investors and I can now confidently write this one. Click on the links at the end of the article to read the previous articles. Location: Tatu City is Strategically located - 15 mins away from Thika Superhighway...
You are buying a plot that you haven’t seen. I once drove all the way past Rumuruti towards Maralal to see a parcel of land that was on sale. The seller was a popular Sacco that had advertised that the plots were fronting the tarmac road that connects Rumuruti to Maralal. What we realized was that they were selling land that was like 2 km from that road but since they knew that their members are...
Have you heard of a project called Unity One? Unity One is an exclusive chic estate of contemporary one-bedroom apartments sitting on 11 acres at the heart of Tatu City, Kiambu. The cool balconies, glass railings and floor-to-ceiling double-leaf doors make most of the homes’ spectacular panoramic views to the park and the community’s expansive outdoor amenities which are close by. Each apartment...
The past Recently I met a 50 something-year-old lady who has been living in Ruiru since the year 2000. This is her story in brief. Let's call her Mary. Mary, then in her early 30s bought two 1/4 acre plots in Ruiru in the year 2000 for Kshs 60,000 each. The following year, she sold one plot for Kshs 80,000 making a 33% profit. She then managed to buy several more plots in the area. It was a coffee...
A right/competitive price can be achieved when the developer gets funding using cheap money borrowed from the Government, pension funds, or foreign banks and extends the same discount to the buyers. Another cheap source of money is off-plan sales. If one developer gets a loan at say 4% and another at say 14% and they both want a 20% profit, then one developer will have to sell his property at a 24%...
Recently a friend told me about some affordable plots in the greater Ruiru area, about 1km from Thika superhighway and near Ruiru Sports club. What caught my attention is the price of the plots at Kshs 800,000 per plot. These are about 9,000 plots in a gated estate that have been released into the market in the recent past. The estate has some "beach plots" I have also learned about more residential...
I had a conversation with a furniture and interior designer about business growth. She has made some great furniture pieces for my house. Her business is called Tira studio and she has a showroom on Ngong road. Check out their website https://www.tirastudio.co.ke/ for their end of year clearance sale on timeless furniture. Tira Studio Business secret She told me of a business secret that she...
I had a conversation with a Kalenjin friend about investing. His views on investing contrasts with mine so much. Before I break down the facts and myths, I wish to tell you a short story. A story about a young bride A young bride was seen by her husband breaking the legs of a chicken before placing it in the oven to grill instead of placing it whole. Her husband inquired the reason for that and she...