Investment

Syokimau continues to be one of the top searched satellite towns on Sarabi Realty Group. Find out why people are moving out of the Nairobi city to Syokimau. Located in the Southern side of Nairobi is Syokimau, a satellite town which is both residential and commercial. Syokimau got its name from a Kamba medicine lady called Prophetess Syokimau who made predictions of white people coming to Kenya and the...

The Affordable Housing Bill has been in contention for a while now with Kenyans hoping for reprieve from the Senate. However, the government has had its way. The Controversial Decision President William Ruto's friends in the Senate were able to achieve a victory for the administration with the passage of the controversial Affordable Housing Bill, 2023, during a big legislative session that continued...

The amount of down payment placed on a home impacts how much financing is required to meet the overall purchase price and the amount of interest paid on the loan. Many people consider having a place to call home to be one of their successes. One approach to become a homeowner is to purchase a house. Typically, the process necessitates extensive planning and financial preparation. A down payment on a...

Given that humans are emotive in their core, it is not surprising that our emotions play such an important part in deciding which house to buy. Emotions influence up to 90% of purchasing choices across practically every industry. When a home buyer has an emotional connection to the property, they are more inclined to purchase it. Nostalgia, memories, and future goals all play an important role in...

Real estate is a preferred investment due to its consistent returns, which are not heavily influenced by market fluctuations. To make it a successful venture, an investor must first understand the current government tax laws. This article examines the various real estate taxation systems in Kenya. The majority of real estate investments in Kenya are residential and commercial. Both are profitable...

Stamp duty is often overlooked when it comes to property transfers. However, it represents a significant sum of money when acquiring real estate. In Kenya, when you buy a house or make a property transaction, you must pay something called "stamp duty." It's similar to a tax charged by the government when you transfer property from one individual to another. Let's look at what stamp duty is, who pays...

When purchasing property in Kenya, it is critical that the proper procedure be followed. Most people engage in transactions with strangers and end up losing large sums of money to fraudsters who are usually very smart. It is recommended that one hires the right people, such as Real Estate Agents, Lawyers, Surveyors, or any other party who they believe will give them more confidence in proceeding with the...

Buying a house can be stressful, especially if it is your first home. This is a comprehensive guide to navigating the home-buying process. Owning a home is a significant accomplishment, especially given that most people must save for a down payment over many years. Most people already have a family when they are ready to buy a house, so they must consider their family's needs when purchasing a...

The ever increasing demand for modern apartments within Nairobi has led to a property boom in Kilimani. Making it an ideal location for real estate investment. Land prices in Kilimani have tripled since 2011 despite challenges experienced in the area. As of 2023, an acre of land in Kilimani goes for Ksh 390 million compared to Ksh 114 million in 2011. You can buy an apartment in Kilimani for as...

KRA penalties are punitive to discourage taxpayers from tax evasion. KRA property data collection is aimed at weeding out non-compliant landlords. Starting January 1, 2024, there will be a 7.5% final tax on all rent received. However, the rate is 10% until December 31, 2023. You cannot deduct any expenses, losses, or capital gains from your rent. The KRA data collection exercise seeks to collect...