Standing Out Ke

STANDING OUT

CONTENTS

Top 10 cities for real estate investment in 2023 Cheapest markets

Fastest-growing markets

Most stable markets

How to stage a home for sale #homeselling

Decluttering

Rearranging furniture

Adding decorative touches

Tips for first-time homebuyers #firsttimebuyers

Saving for a down payment

Improving credit score

Shopping for a mortgage

Interview Features

Interview with a successful real estate agent

Career background

Success stories

Tips for new agents

Q&A with a property manager #propertymanagement

Responsibilities

Challenges

Advice for landlords

Market Reports

Monthly market update #marketupdate

Sales data

Price trends

Inventory levels

Quarterly real estate trends analysis #trendsanalysis

Residential trends

Commercial trends

Economic factors

Home Improvement and Decor

A forever real estate agent understands that the concept of home is predicated on the many changes life can bring, and it doesn’t start—or end—with the transaction

Tarquin Gross

OF

RESIDENTIAL

AGENCY, KNIGHT FRANK KENYA

A Monthly Update from Knight Frank Residential Kenya

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Tarquin Gross

HEAD

Highly desirable location

Kibo Lane

This magnificent five-bedroom family home in one of Newlands’ most sought-after locations boasts stunning north-facing mountainviews and a spacious garden area, perfect for creating unforgettable family memories.

Step inside and be greeted by a grand entrance hall that leads to an open-plan kitchen, dining room, and family room with large sliding doors opening to the outdoor patio.

This home is a renovator’s dream, waiting for the perfect touchto transform it into the ultimate family oasis. With separate living areas, including a lounge with outdoor access, a study or TV den, five bedrooms, and two en-suite bathrooms, there’s ample space for all your loved ones to live comfortably. The property also features a well-maintained pool and shady patio area, providing the perfect spot to relax and unwind during those hot summer evenings.

Rest assured knowing that your family will be safe and secure with excellent security measures in place, and ample parking space in the large double garage.

KES.110,000,000

Charming family home

Lower Kabete

This characterful home in sought-after Wynberg Upper has beautifully maintained original features, plus modern additions and renovations to suit today’s lifestyle.

The family home has spacious, functional living spaces featuring an open-plan living area inclusive of a lounge, dining area and kitchen. The kitchen is fully fitted while the lounge has a lovely, functional fireplace. The house has a classic character and ambience thanks to its wooden floors, high ceilings and sash windows. The main bedroom has an en-suite bathroom, while one of the other two bedrooms has a fireplace.

The property features an established garden with a pool, a one- bedroom flatlet with a loft bedroom, a kitchenette and a dining area with French doors that lead to a covered patio. There is also a laundry with sinks and taps as well as plumbing for a washing machine and lots of packing space. The extensive property also has secure off-street parking for up to four cars.

KES.110,000,000

Coffee Garden

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Miotoni West Road

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Pan Africa Insurance

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Mukima Ridge

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Safo & Madhari

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Ruaka Road, Old Runda

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Runda Grove

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Lakeside, Nyari

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Tudor Creek

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

CEO’S CHOICE

Thigiri Valley

Kes.110,000,000

Muthaiga, Nairobi

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.200,000 pm

KENYA BUYING GUIDE

Buying property in Kenya is relatively straight forward. However, contracting the services of a reputable agent and advocate is highly recommended to receive appropriate legal advice and representation throughout the sales process. It is also advised that the buyer avoids making any payments directly to the vendor or their agent(s), but instead channels monies through advocates so that requisite precautions to protect those funds can be taken.

This document has been compiled as a guide for potential purchasers of property in Kenya. It does not seek to provide or replace the legal advice that the purchaser should obtain, nor is it intended to have any contractual

Foreigners’ purchasing regulations

Just like Kenyan citizens, foreigners are permitted to buy commercial and residential property or land located within a town or municipality without any restrictions whatsoever, provided they comply with the laid down procedures. The only restrictions are on owning agricultural land, freehold titles.

Article 65 of the Kenyan Constitution limits foreigners to holding only leasehold titles for a maximum of 99 years but permits future renewals on condition that the subject property held under that title is economically active and it is not required for public use/purposes. This therefore means that if a foreigner purchases a property held under a freehold title, it will revert to a leasehold tenure.

The restriction also applies to companies that are not wholly owned by citizens or property held in trust whose beneficiary is not a citizen.

The Land Control Act Cap 302 of the Laws of Kenya regulates transactions on agricultural land. Foreigners or privately owned companies whose shareholders are not all Kenyan citizens are not permitted to buy/own agricultural land as stipulated in Section 9 (c). However, such transactions can be exempted by the President based on the provisions of Section 24.

Such exemptions are done through a publication in the Kenya Gazette, hence foreign investors wishing to acquire agricultural land may apply for such exemption.

Purchasing Process

The standard transaction period for the sale of property in Kenya is generally 90 days effective from the date of signing the sale agreement through to completion. Although, parties can mutually agree on any closure period that suits them.

The purchaser begins with identifying a property for purchase, advisably through enlisting the services of a reputable real estate agency/firm to assist them in sourcing for a suitable property. The buyer should endeavour to visit the property or site to ensure that it meets their desired requirements.

Once the buyer confirms interest in the property, they should make a formal expression of interest i.e., provide an offer, subject to contract, that details their offer price, terms of payment and advocate details. Buyers may also have a survey conducted prior to exchange of contracts if they wish, however it should be noted that this will increase transaction costs.

If the offer is accepted by the seller, then the agent prepares a Letter of Offer (LOO) confirming the salient details of the agreed transaction. This is then signed and acts to formally instruct the legal teams of both parties. Buyers should verify that due diligence has been conducted to authenticate the ownership and other material aspects pertaining to the property and documentation etc. After receiving the abstract of title of a property from the seller, the buyer should ensure that the title is investigated. This is done through conducting searches at the Land Registry, Company Registry, Probate Registry, Survey Department, as well as through a physical inspection of the property and via a search of the court records.

Coffee Garden

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Miotoni West Road

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Pan Africa Insurance

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Mukima Ridge

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Mukima Ridge

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Miotoni West Road

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Pan Africa Insurance

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.110,000,000

Muthaiga, Nairobi

This characterful Art Deco block is conveniently located close to all aspects of Rondebosch. The apartments are set around an attractive central courtyard filled with established shrubs and trees.

Kes.200,000 pm

Meet Frank THE

PLANT

Hi there!

My name is Frank (Yes, really ). I’m sure you’re wondering why I’m in your space and why I’ll have to leave soon.

But if you believe the scientists’ claim that me and my kind cry when we’re chewed, crushed, or crumpled, then you won’t have a tough time believing that I’m indeed on a mission .

So, let’s start from the top.

For years, me and those who came before me, have watched silently as humans pay claim to taking care of green spaces, nurturing plants and conserving the planet . I’m a HUGE (listen, it’s not about the size of the fighter but the fight in him ) believer in being about something; in walking the talk and backing up words with actions.

Over the next couple of days, how pro-green you truly are will be tried in how you receive me, how you nurture and host me, and how you ‘co-parent’ me for my next ‘home’. I want more than anything to go back and proclaim that YOU are one of our unsung heroes, our friend. In fact, we have a little bit of a hall of fame for those who prove that they indeed care for and are about the environment.

Cheers, Co-parenting Tips!

Note: I know I said ‘cheers’ but please don’t water or wine me, I’ve had plenty to drink .

Also note: In a twist of whimsy, I think it’s a good idea to tag me on social media using the hashtags #FrankThePlant #BringBackNature and #CareForFrankAndFriends. I am quite a stunner , wouldn’t you agree?

Final note: Below are some fun ways to show off all my good angles

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