Property returns in a near triple as rents begin to rise

Property returns in a near triple as rents begin to rise

The double digit growth in total returns is driven by rent escalations as landlords are taking the opportunity to charge higher rents following a return to confidence in the property market Returns on property tripled over the quarter buoyed by rental increases in the semi-detached market in the second quarter of 2018, according to a Hass […]

KRA Goes for Rental House Owners in Its Latest Crackdown on Tax Cheats

KRA Goes for Rental House Owners in Its Latest Crackdown on Tax Cheats

The Kenya Revenue Authority (KRA) is now going for house owners who have not been filing tax returns from their rental income. In its latest crackdown on tax cheats, the taxman has asked developers to supply it with information on customers who purchased houses from them. KRA said it had established that several homeowners have […]

If you want a property manager, go for a professional

If you want a property manager, go for a professional

Aware of the acute accommodation shortage in public universities, Ms Priscilla Mwangi decided to invest in a hostel in Gwa-Kairu in Ruiru, Kiambu County, in 2008. But after eight months of juggling between managing it and overseeing the construction of another hostel, she was overwhelmed. “The work was becoming too hectic. Students need a lot […]

To inherit or reject debt?

To inherit or reject debt?

When a person dies, it usually falls upon family members ones to make crucial financial decisions on their behalf. These  often include settling the deceased’s debts. But thanks to ignorance and misinformation, many people find themselves settling debts that have nothing to do with them. “Normally, the creditors will learn of  a person’s death through […]

Hotel brands’ expansion creates development opportunities for Nairobi

Hotel brands’ expansion creates development opportunities for Nairobi

According to Hotels Africa 2018 Report, international hotel chains are increasingly focused on markets currently perceived as undersupplied, hence the significant variation in the distribution of pipeline project. Nairobi is one of the hotspots for hotel property development as investors take advantage of the relative undersupply of international-grade hotels across most of Africa and the […]

Kenya’s real estate market to bounce back in 2018

Kenya’s real estate market to bounce back in 2018

Analyst says Kenya, in particular, has become a lightning rod for investment as both local and foreign investors have looked to diversify their investments across multiple market segments. Kenya will this year set the agenda for the region’s real estate sector and is already at the top of investors and developers lists of attractive investment […]