Market Updates

Official Process and cost of buying or selling freehold land step by step

Buy/sell freehold land Buyer get seller's copy of title deed Conduct an official land search at district/county land offices to confirm ownership Results will be issued by a registrar using the form Obtain survey map using title deed number at the survey of Kenya office to indicate property location Visit the property to confirm its existence and carry out due diligence Get land rates...

Top 10 business ideas you can start with hustler fund

Here are some exciting business ideas for you to hit the ground running right away:   1.Brick Making Business (Estimated Budget:Ksh100,000) The real estate market is booming and people are looking for ways to build cheaper homes. Bricks are relatively cheap to produce and provide a cheaper building option to stones. Requirements: Brick making machine, enough sub-soil, a bit of...

Is your business a 'business' or a 'job'?

People turn their businesses into places where they go to work or put it better still, their jobs. This is not entrepreneurship. Having skills to perform a task is different from having a business that performs the task. The role of an entrepreneur is to run his business as opposed to performing the tasks of his business. For a true entrepreneur, his business is his product. He looks at his business in...

You must read this before buying a plot or house on mortgage

There was a story this week on Daily Nation about how people's homes are being auctioned. The auctioneer says that some homes are being auctioned after someone has paid mortgage for 15 years. He says that such people die shortly after the ordeal.   This is why we urge people to think carefully before joining the home ownership by whatever means bandwagon. The main reason why the desire to...

Joint Venture Proposal for sub-division of Longonot 15 acres

We are looking for Joint Venture partner for a project to sub-divide, market and sell plots out of 15 acres land in Longonot. The land is flat, facing Mt. Longonot, touching old Naivasha road, close to railway line, Longonot gate and planned railway inland container deport / station. Area of the land touching tarmac is ideal for commercial plots and the other residential. For comparison, 1/2 acre plots...

Yoweri Museveni was my tenant in Kenya and once threatened me with a gun

She is was well known for her fashion sense and had hosted heads of state in her home. The late Orie Rogo Manduli revealed how she rented out a house to Uganda’s president, Yoweri Museveni, at her Riverside Drive apartments back in 1985.   By then, Museveni was heading the rebel National Resistance Movement (currently the country’s ruling party).   “As a landlady, I...

A step by step guide on how to buy a house for the first time in Kenya

This guide explains the process from starting your house search to finally moving into your new home. Step 1: Decide your budget Buying a home is a long-term financial commitment and you should set yourself a purchasing budget that you can afford. The first step is to determine how much money you can raise (the deposit) and the amount you can borrow from a lender (the mortgage). The size of your...

3 methods of selling property

The vast majority of property sales are undertaken by private treaty, although they may be sold by auction or tender.     Private Treaty Private treaty involves selling between two individuals who negotiate with one another, usually through an estate agency. Once an agreement on price and other terms is reached, the agency normally contacts the legal advisers for the seller and the buyer to...

How to Spot a Good Real Estate Investment: The 100:10:3:1 Strategy

How to Spot a Good Real Estate Investment: The 100:10:3:1 Strategy

When it comes to building wealth, one of the most common questions is:“How do I find a good real estate investment?” The answer may surprise you. It’s not about luck or insider tips—it’s about training your brain to see opportunities others overlook. Successful property investors develop the mindset of a professional shopper, patiently searching, comparing, and analyzing until the right deal...

12 things You Didn't Know About Zambia's late President Michael Sata

As the world joins the people of Zambia to mourn their president below are a few facts you may want to learn about the departed son of Africa -"the King Cobra". He once worked as a police officer He lived in London working on the railway sweeping the platforms He was a porter at Victoria railway station. In 1995, he was appointed as minister without portfolio. He graduated as a Bachelor in Political...

Businesses to start with 20k in Kenya

Cooking Gas  Buy a few gas cylinders and start cooking gas business in your neighbourhood, you don't need a shopping, just a metal cage. Customized T-shirts Buy a dozen of good quality T-shirts, think of nice a cool design to print on them, either graphics or funny statements, Find someone to print for you and sell them to college and university students. Agribusiness If you're in a large...

You didn’t know these benefits of a log house

Energy Efficient Logs houses have an unmatched natural attribute know as thermal mass. Wood has the ability to conserve energy from the environment and release it later keeping the house comfortable in all seasons. It's a natural regulator bringing down your heating or cooling cost. Aesthetics If you have come across a carefully done log house in design and construction you will concur that...

How To Invest On a Commercial Property

Long term leases and attractive returns are some of the many reasons why investors are looking forward to checking out a Commercial property list in Houston these days. But, as you can see with most investments, purchasing these assets will have their share of risks as well. First time buyers need to be aware of these points, per the experts. The lease term and returns are enough to attract the first-time...

10 Words That You Will #Regret Every Time You Speak Them

"If you include scientific words, there are over 1,000,000 words in the English language. The average person knows about 20,000 words and uses 2,000 different words a week. Women and men both speak about 16,000 words a day on average. Your words matter. However, what matters most is not the number of words you speak but the kind of words you choose and the purpose for which you use them" - Rev Nicky...

How to buy property in the Philippines

Transaction costs can be very high in the Philippines The total roundtrip cost of property purchase is around 7% to 16.25% of the property value.  For taxation purposes, properties are treated as capital assets if it is not used in trade or business, and properties are treated as ordinary assets if it is used in trade or business, such as rental property. The 6% Capital Gains Tax applies only on...

Are you defined by your business card?

Have you disposed yourself as Mr. or Ms. “X” but deep down your heart, you know that you are Mr. or Ms. “Y”? ….living a conflicted life? Very proud of your business card titles because you are in middle level management and you (just) can’t wait to parade your corporate name cards…and you gauge others by the same measure? But deep down your heart, you feel trapped? You wish you could step out...

You don’t need a job!

Are you perpetually growing tired with your job? Is your job the number 1 cause of your stress? Is your boss less qualified than you are and works less than you do, yet s/he earns more than you and is consistently insecure with your presence? Do you sense that you are in a career transition phase desiring to step out…yet you don’t have the courage to do so because of a mortgage, bills, children’s...

How anybody can make money on these types of properties

There are many different property types that you can use to make money in real estate with. The secret is finding one that you love and can throw your heart and soul into: 1.) Raw Land – This is as “raw” as it gets. Buying land in itself usually does not produce cashflow, but can be improved to add value. Land can also be subdivided and sold as well for profit. You can also speculate and sell...

6 Reasons why Online Advertising Pays Better Than Traditional Newspaper and TV Ads

1. COST EFFECTIVE An online classifieds website will usually charge a fraction compared to traditional advertising; for instance advertising on Makaobora.co.ke costs Ksh 400 per Ad irregardless the amount of words, number of photos or color, one line in a local daily cost Ksh 450, if a word crosses into the second line the cost doubles. Advertisers end up not communicating in the effort to shorten the...