Kenya’s wealthy prefer investing in real estate than any other assets

HOMES IN UPMARKET RUNDA ESTATE IN NAIROBI. KENYA’S SUPER RICH ALLOCATE 28PC OF THEIR CASH TO BUYING PRIME RESIDENTIAL AND COMMERCIAL PROPERTY. PHOTO | DIANA NGILA | NMG

Real estate is the investment of choice for Kenya’s super rich who prefer to put their money in property more than in personal businesses, government bonds and precious metals.
The Kenyan chapter of the 2017 Knight Frank Wealth Report launched Wednesday says the country’s high net worth individuals (NHWI) allocated 28 per cent of their cash to buying prime residential and commercial property. Read more →

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Your seven step guide to buying genuine land

It is always a good idea to carry out due diligence on the property you are interested in buying, even if you are sure you are buying from a genuine owner. Below is a 7 step guide towards confirming the land you are buying is totally genuine:

  • Conduct a title search 

Ask the owner to give you a copy of  the lands title deed and use it to conduct a search at the ministry of Land offices to determine who the real owner is. The search document will indicate in the encumbrance section whether other institutions such as banks also have a claim to the land. This helps you avoid buying land which the owner has used to acquire a loan, for instance. Read more →

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4 REASONS WHY YOU DONT NEED A LOAN TO ACQUIRE PROPERTY

 

Most (if not all) investors always agree on the fact that land is the asset you can invest in, where its value will almost always appreciate. That’s why most of us have a dream of owning a piece of estate, either for building a home, investing as a group or just as a means of creating wealth.

But for most young people, investing in real estate can be  a little  overwhelming due to varying factors such as lack of finances or the high capital required. Many turn to loans or accumulating debts from family and friends just to own a piece of land, while others give up on the idea all together.

Below find 4 tips from our investment advisers at Rosam Real Estates on how to kick start your journey of owning a piece of real estate and secure your financial future. Read more →

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