Tag Archives: real estate

Reasons why Mombasa Road is the prime place to own a property

By Paul Adede Nairobi is on the global watch list of top five fast modernising cities that are attracting new global business and thus the city is rapidly growing with increased rural-urban migration. This kind of growth has created congestion in the city’s neighbourhoods which has given rise to insecurity. Recent studies show that there […]

How to invest in Real Estate

By Paul Adede The Kenya National Bureau of Statistics’ (KNBS) annual Leading Economic Indicators Survey released in August this year indicates that the real estate and the construction sector’s contribution to GDP rose from 12.6 in 2010 to 13.8 per cent in 2016. Real estate has consistently outperformed other asset classes in the last five […]

Superior Homes offer unsteady income earners flexible pay scheme

Superior Homes Kenya in September 22, 2015 launched a long-term house payment scheme dubbed Buy Over The Long Term (BOLT) aimed at people with unsteady cash flows and those unwilling or unable to take mortgages. Home buyers can take as long as three years to make payments. Buyers can choose to withdraw from the arrangement […]

Why mortgage uptake still low despite boom

Why is Kenya’s mortgage market still small even though the country is witnessing rapid growth in the real estate sector? Statistics show that loans uptake in the building and construction sector reduced from Sh106.3 billion in 2015 to Sh104.8 billion in 2016. This was a sharp contrast to mid-2010 when the number of new loans […]

Real estate developers step up push to go green

Some five per cent of the 70 property developers represented by a Nairobi lobby have embraced green technologies to tap into a growing environmentally conscious clientele seeking energy-efficient homes. According to Wangari Muchiri, a real estate and sustainability consultant with Jones Lang LaSalle (Kenya), investing in a green building costs between 0.5 to one per […]

Real estate still best bet despite election threat

Development of infrastructure, friendly Government policies and poor performance in other industries are set to cushion the real estate sector despite election jitters. Investment firm Cytonn said in its 2017 Land Research Report released yesterday land prices were also likely to hold and even grow heading into the August polls. “We expect land price increase […]

How to avoid being conned when buying land / house

Ask for the title deed You need the title deed to do a search at the Ministry of Lands to confirm the real owner or if the title has any caveat on it. Ensure there are no unpaid rates It is important for a land buyer to confirm with the county governments whether there are […]

REAL ESTATE SECTOR IN KENYA: A REVIEW OF 2016 AND FORECAST FOR 2017

Kenya’s real estate market like any other in the world operates in cycles. Our cycles tend to start after a general election and end with the next general elections. 2017 will be an election year and the slowdown in uptake, drop in prices and the increasing number of vacancies is a telltale sign that the […]

Corporate talk on Real Estate Investment Trust

MMC Africa Law Head of Commercial and Property Department Esther Omulele discussing on REITS (Real Estate Investment Trust).

Covid-19 Message
I hope that you are all keeping safe and as we all hope that the current Covid pandemic is contained and the economy opens up again, you may wish to consider a house move. With 550 houses on 150 acres and an average of less than 4 houses per acre, Greenpark is one of the safest communities in Kenya. Fresh air, wide open spaces and a steady breeze from the nearby Lukenya Hills all help to reduce the risk of any contamination. Our show homes are open 7 days and you are most welcome to visit so long as you respect all social distancing rules. Stay safe Ian Henderson, Managing Director
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