KENYANS LIVING OVERSEAS & ABROAD
Kenyans living in the Diaspora have A chance to own property back Home
Many Kenyans living or working abroad whether in the UK, USA or even Australia have probably thought about purchasing a property while they are still living abroad and whether it’s as an investment, for a loved one, a pension, or simply somewhere to hang your hat when you retire, it is important to secure the best deal in the market.
Buying property while living as an expatriate can seem overwhelming particularly if you’re a Kenyan living overseas and abroad.
Here are some basic tips on the purchase of land when living in the Diaspora:
Due Diligence
Always ensure you do the due diligence. Due diligence is obtained once you make a search at the Registry in the Ministry of Lands. The search indicates the owner of that particular piece of land and will help in comparing the details on the title with those in the land registry records. It also show whether or not there is a mortgage associated with the property as well as any other relevant entries registered against that land.
Title Deed
Always ensure you buy property that has a title deed. Some properties only have share certificates thus it is always advisable to go for the ones that possess a ready title deed.
Affordable Land
It is always advisable to buy land in the outer jurisdictions of Nairobi such as Machakos, Juja, Ruiru, Mavoko, Kiambu, Kajiado, Kilifi, Kwale, Kitengela, Thika etc. where the prices in the areas is still affordable.
Secluded Areas
It is very wise for one to entertain the thought of exploring remote areas, the areas which are further from the towns. It is likely that, in the next 5 to 10 years, the value of that land will have increased as growth and infrastructure add value to land.
This theory can be tested by the fact that when foreigners come and buy land in remote areas, they buy it at a cheaper price. They make developments on these areas and then re-sell the same piece of land at a much higher amount. This is simply because the infrastructure and the growth add value.
Verification of Property
In as much as verification of property through the title deed is a simple process, skipping it may leave you prone to conmen and fraudsters who may take advantage if you are not keen.
Possible Payment Plans
Most property available in Kenya can be bought through installments.
Although not all Realtors in Kenya may be available on the internet since not all developers are using websites for selling their property, the ones you are able to get in touch with should ensure they walk you through this journey and avail the property you may be in need of.
Property Rates
Property rates tend to regulate prices for land buyers. They enable transactions to go through.
Development in counties is at a really fast rate. One should overlook the lack of tarmac roads, lack of piped water or electricity as a limitation.
In areas where land was considered cheap, the prices are skyrocketing due to factors such as the population rise as time goes by.
If you’re looking to own a piece of Land and are at the Diaspora, do not hesitate to seek help from a reliable and professional team such as us.
We at Denver Group Limited value you. Buy Cheap Land in Kenya with us.
