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Showing posts from September 20, 2020

WHY REAL ESTATE VALUE APPRECIATES ANNUALLY IN KENYA.

Residential space in Kenya In Kenya, most investors are now investing in real estate due to the positive cash flow attach to every property. In return, they gain financial freedom and secure their goals as well. Annually, Real estate appreciates in value not only in Kenya but also worldwide. Here are the reasons why there is a significant increase in value of real estate property specifically in Kenya; 1. Rapid growth in population. With rapid growth in population especially in urban areas, most Kenyans have to provide shelter for their families. This definitely results to high demand for more real estate residential projects (housing projects). In other words, this means that increase in demand of more homes directly translates into faster population appreciation in Real Estate prices. 2. General behavior of fiscal inflation. Yearly, property is evidently expensive to develop and also maintain. This becomes a concern due to steady increase in price of construction materials or...

HOW TO PREVENT BEING VICTIMISED OF LAND FRAUD IN KENYA.

Agricultural land for sale. Whilst property fraud comes in various guises, here in Kenya, there are several instances where land owners have had their property fraudulently sold without their consent. Dishonest solicitors, false witnesses, forged signatures in land transfer deeds are the usual ingredients in the mix for property fraud in our country.  Baoriat Agencies    has therefore compiled this awesome piece to enlighten you on how to avoid being a victim of land fraud when buying property in Kenya. 1. Be conversant with your land agent. Knowing your agent or broker is one of the ways to curb land fraud in Kenya. Ensure that the very first person you contact before purchasing your property is the land agent of that particular property. Ask for copies of their proper identity like confirmation of their registration with Real Estate Agent Board and national identification card just to be sure that you are dealing with the right people. 2. Know the land owner/ sell...

5 COMMON LAND SELLING MISTAKES AND THEIR SOLUTIONS IN KENYA.

Photography showing raw land in Kenya It is every Property seller’s joy to always sell their property very fast without undergoing a lot of difficulties and the toil that comes with the process of selling Land in Kenya especially if it is a raw land. Here are the 5 common mistakes and solutions most of the landowners commit while selling their land in our country.  1. Overpricing your property. One of the key things a land buyer will look at is the price of that particular property. Overpricing your property/ land will obviously turn off potential buyers who may have developed interest in your land. It is therefore very important to carry out a proper research on the market prices around that area and trends will do you good as a land-seller before making up your mind on the final price of your land. While in the process of researching, you will get to discover  other ways of selling land fast here in Kenya . 2. Taking low quality photos of the land you are selling. Taking...