Foreigners (non-Kenyans) can buy real estate in Kenya, but there are specific legal requirements and restrictions. Below is a detailed guide on the rules and processes for foreigners purchasing property in Kenya: 1. Types of Property Foreigners Can Own Freehold Land: Foreigners can buy freehold property (full ownership) except agricultural land. Leasehold Land: Foreigners can purchase…
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Real estate dynamics refer to the various factors and forces that influence the real estate market, including supply and demand, economic conditions, government policies, and demographic trends. Understanding these dynamics is crucial for investors, developers, homeowners, and policymakers. Here are some key aspects of real estate dynamics: 1. Supply and Demand Supply: The availability of properties…
Buying property is a significant investment, and it’s important to approach the process carefully to avoid costly mistakes. Here’s a list of dos and don’ts to keep in mind when purchasing property: DOS: Do Your Research: Research the location, neighborhood, and market trends. Check the property’s history, including past ownership, liens, or legal disputes. Understand the local…
When considering real estate investments, understanding and maximizing Return on Investment (ROI) is crucial. Here are some key pieces of advice to help you achieve a strong ROI in real estate: 1. Understand ROI Basics ROI in real estate is calculated as: ROI=Net ProfitTotal Investment×100ROI=Total InvestmentNet Profit×100 Net Profit: Rental income, appreciation, and tax benefits minus expenses (mortgage, maintenance,…
1. Expertise and Market Knowledge Realtors have in-depth knowledge of the local real estate market, including pricing trends, neighborhood dynamics, and property values. They can help you identify areas that meet your needs and budget. 2. Access to Listings Realtors have access to the Multiple Listing Service (MLS), which provides comprehensive and up-to-date information on available properties,…
