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Lack of planning law hampers Eldoret real estate

Poor physical planning has hampered property development around Eldoret town, resulting in shortage of quality residential houses being sought after by homebuyers and tenants. According to Dan Melly, managing director of Danwill Investments, house-hunters are taking longer to find homes that suit their specifications. Low-density units such as bungalows and maisonettes are particularly hard to find and are booked in advance, locking out most newcomers into the town. See more…

Property listings buzzwords you should watch out for

Real estate agents can make even the most unattractive properties sound tempting by using buzzwords that often blur the real meaning. So, how can you decode classifieds adverts to tell the state of a property? Lamudi has translated some of the most overused buzzwords in the real estate industry, to help house-hunters recognise when agents are exaggerating. See more…

Businesses from China try to tap Kenyan property market

Chinese businesses have been moving into Kenya's property market, where failed investments are rarely reported, the 21st Century Business Herald reported. There is no exact figure about the number of Chinese property developers operating in Kenya, and even the Chinese embassy in the African country cannot give such information. See more…

Things to do when you inherit property

Whether from a deceased parent or family member, inheriting a property can be an emotional and sometimes complicated matter. It might not always be an easy situation to deal with at first, but having the knowledge and understanding of how to go about it will make it a far easier process to handle, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa. See more…

Housing PE fund targets students with Karen project

The Pan African Housing Fund has concluded its third deal in Kenya, which will see it partner with a developer to build rental units in Karen, Nairobi, mainly targeting students. PAHF will put up 1,400 units of studio apartments through the joint venture, making an initial investment of $3 million (Sh274.26 million) in the project, with plans to inject more funds. See more…

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