A Blow to Investors as State Plan to Increase Land Fees up to 100 times
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and land buyers are braced for a new hit after the Lands ministry proposed to
increase a number of service fees under a World Bank-backed revenue expansion
plan.
According
to in the real estate sector, this will cause some land registration fees to
increase by up to 100 times, impacting the cost of home and land ownership.
For
example, the cost of an official land search will be doubled to Sh2,000,
resulting in billions of shillings in additional revenue for the ministry from
the essential service.
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