Buying land and building your dream home may seem like a good idea. It actually works out well for some people. However, the dream of building your own home can quickly turn into a nightmare with some wishing they had chosen a different route to home ownership. A house under construction (PHOTO: COURTESY) On paper, […]
Real estate developers are often asked why they should spend money to enhance common services when they would be clear of the development before such matters come to a head. Should they not just make their money and walk away? While the answer might seem obvious, there are complex challenges that developers must deal with. […]
Kenya’s economy is currently growing at more than five per cent annually, with experts predicting this could increase to 10 per cent in the next few years. This means more Kenyans will be able to buy their own homes, thus creating demand for housing and business opportunities for developers. The real estate business in Kenya […]
One piece of advice my mother gave me was to “always buy the most expensive house that you can afford”. Her reasoning? Inflation will always keep pushing your income up while home loan repayments are pegged to the original purchase amount. Although the advice worked for my family, it did not seem to be […]