As a home buyer, you have a lot of tasks to accomplish before the day that you can finally call a new home yours. And while it may have seemed like shopping around to find your dream home was the most important part of the buying process, it’s actually the stuff you do after you make your offer that really helps you ensure you make a smart decision—both for your family and for your finances. The home inspection is a major one of these tasks, as is your new home walk through.
The real estate market in Kenya is different when you’re selling a luxury home. If you have a high-end property to sell, everything from how you price it to how you market it has to be optimized for the right buyers. In fact, the higher up you go in the price bracket the more you’re going to have to make carefully chosen moves that appeal to a subset of buyer with a lot to spend and a lot of expectations for what they’ll get.
Kenya’s real estate sector is attracting big investments across the country and the east african region as investors seek to cash in on increased infrastructural development, huge housing deficit, high returns amid stable political climate environment.
Property developers in Kenya are currently experiencing a warehouse construction boom. This is due to the increase of demand for prime logistics and storage space. The demand for industrial space in East Africa has rapidly increased faster as compared to other countries in Africa; this is according to a study by JLL– a global commercial real estate firm. The reason behind this is the high growth rate experienced in Kenya.
The government's five-year plan to construct 500,000 houses, access to finance and a conducive political climate are some of the key factors that will shape real estate sector in 2018. Other contributing factors includes the government incentives to spur affordable housing development and growing businesses and SMEs increasing the demand for office and retail space. Last year, politics and financial crunch led to dismal performance in the sector that led to market stagnation. However, real estate analysts and experts are upbeat that the sector will regain lost ground since the fundamentals that make real estate a preferred investment ...