You can pool your resources with friends or family to help you get into property investment. (Note that there is a significant risk in group investments like this. These risks include risks of disagreements in relation to investment strategy and the risk that one investor could become bankrupt or otherwise need to sell the investment at a time when values are down). An initial visit to an Advocate should result in a contract that outlines who pays what and how much of the property each applicant will own after paying off the mortgage.
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Scores of residents in Syokimau area have been left homeless after bulldozers flattened their houses worth millions of shillings off Mombasa Road in Nairobi under the supervision of armed administration and regular police officers. According to Kenya Airports Authority, the houses sit in the corridor flight path, which poses a great risk to the safety of planes as well as the lives of the dwellers. Sally Mbilu reports on a demolition riddled with controversy as residents claim that the land dispute was in court and they had not been issued with any eviction notice, amid claims by the Kenya Airports Authority to the contrary.
Developers of middle-income residential properties are competing on the quality of finishing to win customers amid stagnating demand for houses in this segment of the market.
Mr Mutahi Wariithi, the developer of Oyster Properties, said finishing is fast becoming a key selling point given the exposure among prospective home buyers.
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