Investment

KENYA MORTGAGE REFINANCING COMPANY (KMRC) TO INCREASE ITS MORTGAGE LIMIT FROM 8 MILLION.

Aspiring homeowners in Kenya have received some great news as KMRC has increased its affordable mortgage limit from Ksh 8 Million to 10 Million. Good news for aspiring home owners in Kenya! The Kenya Mortgage Refinance Company (KMRC) has announced an increase in its mortgage limit from 8 million to 10.5 million. This development, which comes in collaboration with various financial institutions...

A COMPREHENSIVE OVERVIEW AND LAWFUL PROCEDURES FOR ACQUIRING LAND IN KENYA

Purchasing land in Kenya incorrectly can result in investing in the wrong thing. Here are some things to consider before purchasing land. The adage "buy land, they are not making it anymore" is probably familiar to you. which is accurate. The majority of land purchasers do so primarily as an investment in something they can start from zero and reap the rewards of. It might end up being your family's...

Rental Income Tax in Kenya: What Every Landlord Should Know About KRA’s New Data Collection Drive

If you own rental property in Kenya, there’s an important update you can’t afford to ignore. Starting January 1, 2025, a 7.5% tax on gross rental income will take effect — replacing the current 10% rate, which remains valid until December 31, 2024. This new rate will be final, meaning you can’t deduct costs, losses, or depreciation before calculating what you owe. But that’s not all — the...

IS INVESTING IN REAL ESTATE THE BEST INVESTMENT OPTION IF YOU ARE YOUNG?

If you're young, ambitious, and thinking about where to put your money, chances are you've asked yourself: Should I invest in real estate? With stock markets fluctuating and inflation eating into savings, many young professionals are turning their eyes toward property — especially in high-potential Nairobi neighbourhoods like Kilimani, Kileleshwa, Lavington, and Westlands. But is it really the best...

How to Instantly Shorten Your House Hunting Journey in Kenya

Let’s face it—house hunting in Nairobi can feel like a full-time job. Endless listings, conflicting agent stories, and hours spent in traffic chasing yet another “perfect” home that turns out to be a let down. If you’ve been searching for a house in popular areas like Kilimani, Kileleshwa, Lavington, or Westlands, you already know the drill: high demand, rising prices, and a maze of options that...

Westlands Residential Market: The Jewel of Nairobi’s Real Estate

What makes Westlands Nairobi's most coveted residential hub? Is it the seamless blend of luxury, convenience, and opportunity? Or perhaps it’s the neighbourhood’s ability to attract both local and global interest? This comprehensive overview unpacks the key reasons behind Westlands’ rise to prominence in Nairobi’s real estate market. A Prime Address with Unmatched Appeal Westlands, an upscale...

Mistakes to Avoid When Investing in Real Estate

The allure of real estate investment in Kenya is undeniable. With opportunities spanning land, residential properties, commercial spaces, retail developments, industrial ventures, and publicly traded Real Estate Investment Trusts (REITs), the sector offers immense potential for financial growth. But here’s the catch—while the industry can be incredibly rewarding, it’s also fraught with pitfalls that...

How to Calculate ROI on a Rental Property

Why It's Important to Know a Property's ROI Before Buying Real Estate One of the main reasons people invest is to increase their wealth. Although the motivations may differ between investors—some may want money for retirement, others may choose to sock away money for other life events like having a baby or for a wedding—making money is usually the basis of all investments. And it doesn't matter...

UNCOVERING THE UNEXPECTED EXPENSES OF BUYING YOUR FIRST HOME

When purchasing a home, one must budget for unforeseen costs. Being knowledgeable protects your investment and guarantees a more seamless transaction. Despite being thrilling, purchasing your first house can sometimes be a laborious process. This is due to the fact that there are typically numerous steps involved that demand a significant financial outlay. Regrettably, many people do not completely...

THE CURRENT STATE OF THE REAL ESTATE MARKET IN KENYA

Due To Economic Expansion, Kenya's Real Estate Market Saw A Boom In The Mid-2000s, Resulting In A High Demand For Investments And Homes, Particularly In Urban Regions.   From the middle to the end of the 2000s, Kenya's real estate market experienced a significant surge. This had a direct bearing on the economic development of the nation. Economic success almost always drives the rise of real estate,...