Author: Property254
Now more than ever, establishing a strong online presence is one of the most important factors for a business’s success. When launching a website, choosing the right domain name is crucial. Your domain name is your online identity, influencing how customers find and perceive your brand. For Kenyan businesses, the question often arises: will a .co.ke domain affect my global reach? Let’s explore the factors to consider when making this important decision. What is a .co.ke Domain? A .co.ke domain is a country code top-level domain (ccTLD) specifically designated for Kenya. Using a .co.ke domain extension signals to users and search…
Are you aspiring to become a registered real estate agent in Kenya? If so, mark your calendars because the Estate Agents Registration Board has just announced the official interview dates for this quarter! The interviews are scheduled to take place on the 25th & 26th of April and the 2nd & 3rd of May. This is your chance to take a step forward in your real estate career and join the ranks of certified professionals in the field. To be considered for the upcoming interviews, it is imperative that you submit your application through the online portal before the deadline…
Do you know that the rainy season is the best time to buy your plot or house if you want to invest? As the raindrops dance upon the earth, there’s an often-overlooked opportunity that emerges with the arrival of the rainy season—buying land. While many may instinctively veer away from real estate transactions during this time, dismissing it as inconvenient or impractical, there’s a compelling case to be made for those willing to seize the moment. In this article, we’ll delve into the intriguing notion of why purchasing land during the rainy season might just be the smartest move you…
With the increasing property prices in Kenya, it is becoming increasingly difficult to finance a home from cash. And thats where mortgages come in. Getting the keys to your dream home is within reach, and we’re here to help you every step of the way. It is important to understand the process so that you can easily navigate the mortgage market and secure the ideal loan for your needs. In this blog, we’re going to explore everything you need to know about mortgages in Kenya. From understanding the basics of mortgage loans to finding the best deals and calculating those…
Civil servants accustomed to renting three-bedroom houses in prime locations for as little as Sh30,000 a month may soon find themselves facing significantly higher rental costs. If proposals put forth by the Treasury are approved, these individuals will need to allocate more funds to cover their housing expenses. According to Housing Principal Secretary Charles Hinga, the stagnant rental rates for the 56,892 civil servant homes over the past 23 years necessitate a review. Hinga informed Parliament of his correspondence with the Treasury, urging them to greenlight adjustments to rental rates that have remained unchanged for decades. Under the proposed review,…
The Nairobi County Government, under approval from the Kenya Kwanza administration, has lifted the previous restrictions on floor limits for landlords constructing apartment buildings within the capital. Addressing attendees at a church service in Makadara, Nairobi Governor Johnson Sakaja announced that landlords would now be permitted to construct buildings reaching up to 25 floors. Previously, residential apartment buildings were constrained to a maximum of four floors, with developers prohibited from exceeding this limit. Governor Sakaja clarified that the height restrictions were initially imposed in residential areas near airports to facilitate the evacuation of the President during emergencies. However, with Nairobi’s…
The Ethics and Anti-Corruption Commission (EACC) has secured a court mandate to confiscate four properties from ex-Samburu Governor Moses Kasaine Lonolkulal, suspected to be proceeds of crime, valued at over Sh80 million. Justice Maina declared that illegally contracted public funds are the proceeds of corruption and should revert to the state. The properties in Karen, Nairobi, were reportedly purchased with corrupt funds from the Samburu County Government. In a judgement delivered at Milimani Law Courts, Lady Justice Esther Maina ordered Lonolkulal to relinquish Sh14.6 million, previously frozen and pay the EACC’s legal costs. EACC’s Eric Ngumbi stated that the ruling…
Kenyan workers will contribute 1.5 per cent towards affordable housing programme after the High Court declined to issue orders suspending implementation of the Act which was assented to by President William Ruto on Tuesday. Milimani High Court Justice Chacha Mwita rejected a plea by five petitioners, led by Nakuru doctor Magare Gikenyi, to issue conservatory orders barring the government from collecting a housing levy of 1.5 per cent of workers monthly pay starting March pending the hearing and determination of their case. On Wednesday, five moved to the High Court seeking orders to temporarily suspend the commencement, levying, obligations, operationalization,…
The Estate Agents Registration Board has warned Kenyans against procuring services of unregistered agents to avoid disruptions in services at their property. “In order for the EARB to continue protecting the interest of the public and enhance professionalism in the real estate sector, consumers are advised to deal with registered estate agents only,” Hellen Abuya, the board’s registrar, said in a notice. The notice has come at a time when the Treasury has pledged more funds to facilitate enhanced registration of agents to help report landlords who are not remitting rental income tax to the Kenya Revenue Authority. The Estate…
If Parliament approves new regulations proposed by the Ministry of Lands, land transaction fees, levies, and charges are set to undergo a significant increase, aiming to generate Sh59 billion annually, up from the current Sh14 billion in non-tax revenue. Cabinet Secretary for Lands, Housing, Public Works, and Urban Development, Alice Wahome, introduced the regulations in November last year, envisioning a rise in land rent payable by leasehold and freehold landowners every 10 years. Wahome highlighted the regulations as integral for implementing the proposed Land Laws (Amendment) Bill, 2023, which aims to revise rent payments for leasehold and freehold lands. She…