In the past decade the skylines of Kenya’s cities and towns have been filled with magnificent skyscrapers. They are statements of purpose, commercial success and faith in the future. Every day we see new ones and that counts for something in the form of income generation and employment for more than 70 per cent unemployed
Hilton Worldwide (NYSE:HLT) has unveiled plans to build a 255 guest-room and suite hotel in Kenya’s capital, Nairobi – expected to open in 2020.
Pop quiz: Would you like to make half as many mortgage payments and owe thousands less in interest over the life of a loan, all while paying a lower interest rate? If you answered “yes” to any part of that question, 15-year mortgages are worth considering. We agree! A 15-year mortgage can make good
On June 23, 2016, the history of Europe, and the world, changed drastically, marking the beginning of a new era following the UK referendum, which saw the country’s citizens vote to withdraw from the European Union (EU). Their decision will see the creation a whole new economic environment, not just for the UK, but for the
Most real estate investors get started buying single-family houses, probably because it’s what we’re the most familiar with. But whether you’re going straight to the big time or are ready to advance from houses to larger (and more profitable) deals, here are 10 time-tested guidelines to follow that will help you have more success.
When you’re home hunting, information is power. The more you know before you make an offer, the better. Usually when two homes are equally appealing, looking into the details can make a difference. Here’s a list of “bonus information” that most buyers overlook or forget to ask about while they’re shopping for a house:
Effective date of the new simplified tax regime (i.e. Residential Rental Income Tax) The new rate of 10% tax on gross rent takes effect on 1 st January 2016 and will apply to rental income received from calendar month January 2016. E.g someone with a house going for rent of Kshs 50,000 in Nairobi will
Some things have to be seriously considered when renting a house or an apartment in Kenya – Nairobi or any other major town. (Real Estate transactions in Kenya need not be a nightmare) . A new house defines a new phase in a person’s life. It is exciting,yet at the same time quite a hustle
Kenyans are too familiar with stories of people who have bought “air” in the name of land or a house. Some, especially urban dwellers, have rented “air” instead of a house. People are being conned of their hard-earned money as they try to buy their dream homes or a piece of land where they can
The budget statement for fiscal year 2015/2016 read on 11th June 2015 by the Cabinet Secretary for The National Treasury highlighted a raft of tax measures aimed at collecting tax revenue from the landlords. The highlights were confirmed on release of the 2015 Finance Bill in which proposals to amend the Income Tax Act have