Heard about title conversions? Well, if you own land in Nairobi (and eventually across the country) – including an interest in land situated within Nairobi – then you need to be appraised of this recent development. Title conversions are being implemented across the country as part of the social and administrative land reforms.
Property ownership is secured and administered by law, which also clearly defines ownership, the rights and responsibilities that attach to it. The single greatest threat to property owners rights might just be inaction on their part in securing those rights by duly exercising the obligations created by the mere act of ownership.
Because of the commercial interest you will potentially create around the land you intend to lease, the need for assurance that you will enjoy unfettered use of land for the duration of time that you have agreed to contract it out on lease from its owner(s) is paramount. What steps should you take to ensure that the lease you enter into protects and asserts your rights?
Prior to the enactment of the Constitution 2010, the Government of Kenya began to take robust and progressive steps towards land reforms in the country, addressing many of the lingering issues on the administration and management of land in the country through a raft of new legislative, policy and administrative reform measures.
Are you aware that the law may allow someone who has lived on your property for longer than 12 years in open contravention to your rights to legally challenge your right to ownership over that property? What exactly is adverse possession and as a property owner, how can you protect your assets?
Buyer agency is an undertaking by a property agent to secure a property that matches the buyer’s requirements on the best terms possible; assigning the agent mandate to search for the property, negotiate terms, sorting through due diligence and manage the transaction through to closing.
Investors seek to maximize return on investments to cushion against currency depreciation and inflation. Capital gains are an effective measure against inflation. How then can you secure phenomenal capital growth in the property market?
Scammers’ typically “hide” in plain sight. However, their intentions are always hidden, making it notoriously difficult to foil their schemes. So what renders seemingly rational individuals hapless to their wiles? What in our human nature makes us susceptible to these schemes?
Why is vacant land so wildly popular in our market? Without clear investment objectives, vacant land acquisitions may not provide the optimal use of resources at your disposal. Knowing what drives growth in property values will help you position your acquisitions strategically
Land banking is a real estate investment scheme that promises above-average returns at a predetermined future date. Equally, for the high returns they promise, they carry significant risk because there is no “real” transfer of the property to the investor. But do they deliver?
What key takeaways would a successful real estate investor offer? Roadmaps are a great tool for providing direction. There isn’t one way to do anything successfully. The knowledge and skill of those more experienced can be helpful in navigating the journey.
Mortgages naturally fall into default when borrowers become financially incapacitated. When this happens, financiers take measures to recover outstanding debts. In this ignominious space, the tenacious property investor can find the opportunity for growth.
Soft markets also called the buyers’ markets, are the real estate investor’s joy – an idyllic condition where supply outstrips demand. In this market, buyers rule! This dominance allows buyers to push down prices and in the process secure huge price or quantity discounts.
Bargains abound in the property market. Committed property investors set off to find them and muster the resources to carve out the lifestyle they desire. So where do these bargains “reside” and how can they grow your income to create financial independence for you?
Off-plan investing is a great way to secure bargains in the real estate market. The smart investor is also cognizant that great bargains in this market also portend higher risk and so before you jump right into it, an awareness of how to manage risk is just as important.
Don’t be under any illusions, off-plan schemes are risky. Understanding those risks and taking all prudent measures to manage them is the smartest choice you could make before taking the decision to face what could potentially be a costly, bruising financial experience.
In this market, second only to the “build option”, off-plan schemes are the vastly preferred path to home ownership. Why? Market conditions coupled with comparatively favorable prices and terms, make off-plan schemes popular despite the high risk they carry.
Wealth is, to a large degree, a function of incomes and incomes are primarily the reward offered for effort – time and energy. Investors seek to increase, and eventually, replace their wealth creation by leveraging resources other than their individual time or energy.
A clearly defined real estate investing plan can create financial security for any diligent investor. The market is rife with opportunity despite the high capital requirements to venture into real estate, the reintroduction of CGT and an unpredictable interest regime.
The common sentiment in our market is that any and all property acquisitions constitute investments. Is active speculation in real estate a sound investment strategy and can returns be enhanced by understanding the differences between acquisitions and investments if any?
What are the due-diligence measures to successfully complete the transfer and registration of property you are acquiring? What is the standard for private ownership of property and what are your rights and responsibilities once the transfer is complete?
Understanding the process of transfer and registration of property is critical to property acquisitions in any market. What are the different land tenure, regime systems, the key regulations, players, and professionals you are likely to engage in the process?