Point Properties Ltd

Top 5 Places With Affordable Land Near Nairobi CBD

Kangundo Road and Kitengela are among the most popular regions to invest on land Demand for land as a real estate investment continues to rise in satellite towns around Nairobi. Over the last few years, this rise can be attributed to increased infrastructural development by both the county and the national governments. Generally, if you were to compare the prices of an eighth of an acre across different satellite towns, the prices would vary depending on where the land is located, availability or different social amenities and how far the land is from the tarmac. In a number of these towns, completed and ongoing construction of bypasses and link roads continue to decrease congestion, thus lowering the commute time to and from the Nairobi CBD. This makes the majority of the towns more attractive for those looking to build residential homes and those seeking land investments. Here are the five best places to buy affordable land near Nairobi CBD: Kamulu Kamulu is a satellite town along Kangundo road located less than 30 km from Nairobi CBD. The town is in Nairobi County with access to a number of amenities such as hospitals, schools, tarmac roads, churches, mosques, supermarkets, etc….

Having been in real estate for four years now, Moses Muriithi, the CEO of Fanaka Real Estate better understands nuts and bolts of land buying in Kenya, especially in Nairobi where finding genuine sellers is about as hard as finding honest lawyers. Business Today asked Mr Muriithi some of the mistakes that many prospective land buyers, more so first time purchasers, make and he looked at it differently and offered tips on what to consider before purchasing land. It turns out, ignoring these tips often results in these big mistakes. 1. Work with a budget: Gauge your financial muscle and pick what you can afford and whether you can do that on cash or instalments. Many people save up and do a one-off buy while, as it’s done at Fanaka Real Estate, you can put up a deposit and pay up in instalments. The downside of saving is that by the time you hit your target the value of the property will have risen. What this means is that you should be able to pay for the land without putting too much pressure on your finances. Go for a seller offering competitive prices and flexible payment terms. 2. Identify the area: Location is important as…

Land and real estate continue to be one of the best assets classes to bring the best returns

Land and real estate continue to be one of the best assets classes to bring the best returns over the long-term period. this is according to the 2018 quarter two Hass property index.

5 Investment Tips For Beginners

If you want to make headway on building your wealth, simply saving money might not be enough. Your next move to maximize your savings should be to begin investing. Investing is an important building block of a sound financial future and can help you get higher returns from your money than you’d get from a savings account or certificates of deposit. 1. Set the stage for sound investment Before putting a shilling in any investment set the stage for sound investing. First, set up a budget indicating all your capital and recurrent expenditure. 2. Seek help For brand new investors, the process might be overwhelming. If you are unsure of how or where to put your investments, get a firm that can advise you well. 3. Start with simple Investments The best way to invest is to keep things simple. Begin with a simple and manageable monthly investment and work your way up as you get to know the investing markets better. 4. Learn where to invest your money Our CEO – GeorgeWachiuri — an entrepreneur, author, motivator and astute businessman offered the following advice on where beginners should invest: “For beginner investors, the best investment market is the real estate sector. With a 45% –…

The price of land at Tatu City real estate in Kiambu has jumped by nearly a third to Sh10.5 million per quarter acre over the past 18 months after the developer recorded brisk sales last year. The developer, American firm Rendeavour, Thursday said that individual buyers snapped up 148 plots last year, or nearly half of what has been sold over the past three years, revving up demand and prices. The residential land, dubbed Kijani Ridge, is part of Tatu City’s upcoming mixed-use development of a satellite city that will feature high-end homes, private schools, offices, shopping malls, hospitals, hotels, light industries and entertainment spots. The land price for aspiring homeowners appreciated to Sh10.5 million per quarter acre plot from Sh8 million a year ago, according to Rendeavour Country Head Nick Langford. Read more… Source | Business Daily Africa

Kajiado Governor Lenku Bans Subdivision of Rural Land into ‘Uneconomic’ Units

Hundreds of people may find themselves with worthless titles to pieces of land in Kajiado over the advertisement of “fake” plots for sale in the county, Governor Joseph Ole Lenku has warned. Mr Lenku, who made the statement over the weekend, also indicated that the county will not be approving the subdivision of any rural land into “uneconomical” pieces. “Any hawking of quarter-acre pieces of land in the heart of Kajiado is fake and will not be tolerated and that is the official position of the Kajiado County Government,” said Mr Lenku. By this edict, Mr Ole Lenku will find himself on a collision course with land-buying companies that buy large pieces of land and subdivide it into small portions of up to an eighth and later sell it unsuspecting persons. Most affected is land in Kajiado West, some parts of Kajiado East and Central. The County Executive in charge of land, Mr Hamilton Parseina, gave the example of a group ranch in Kajiado West, which was subdivided and members acquired title deeds. “Other areas in Kajiado West include, Oltinga, Ilnaroj and Saikeri,” he explained. “In Kajiado East, we have land in Kisaju, Isinya, Mashuru and Kenyawa, while in Kajiado Central we…

The number of people who’ve bought land as an investment and don’t know what to do with it is baffling other than wait for it appreciate in value. So what can you do to make some money with that vacant land instead of waiting to it’s value changes. We’ve come across several proven ideas that we believe will help you make some good money off your dirt. Storage Yeah, we know it’s hard to believe this but there is a lot of money in storage. For many who have invested in land with close proximity to airports or port harbors will benefit more with this kind of business. Kenya’s current importation level exceeds the the amount the airports and harbors storage facilities increasing the demand for storage facilities outside this areas.Developing mini type facilities doesn’t require much capital, marketing or staffing. The opportunities are endless depending on what you’re willing to store. Parking space Parking is a billion shilling industry in Nairobi alone. With over 30,000 units of vehicles being bought in Kenya, 60 percent of those vehicles are in Nairobi increasing the demand of parking inevitably. Wherever it is you’ve bought land within the city, you won’t go wrong…