Monday, 8 February 2010

Properties in Kenya

You have saved,taken a loan or want to take a mortgage.Before proceeding with your plans here are some of the things you need to be aware.
A survey of property prices in Kenya especially Nairobi and Mombasa shows prices here have shot in the past few years not only in upscale areas, but in low income areas as well.

This has kept land, houses, and even the simply built apartments unaffordable for many Kenyans. Economists say the property boom is linked to the construction ,or expansion of roads hence many people willing to live on the outskirts.

Secondly overseas Kenyans, using the money they have earned outside the country in recent years to invest in property at home. Some analyst on Kenyan economy believe some money to be a part of the money paid to Somali pirates. Also drug money.

Look for property of your choice can do that even online. Propertyleo is one of the good sites with good properties and alot of information as well.Others are Propertykenya.com or property.co.ke.

Be on the look out for the con men or con women promising to sell you a property just to disappear with your hard earned money.
Do your land search to ensure the property has a genuine title.
There are cases where one house is sold to several people.Use reputable lawyer.
Bank transactions are preferred.

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