Farys Properties

Farys Properties We simplify the land-buying process for you

Rental house for sale at MtwapaIt has 6 bedsitters@6500 per month and 3 shops  per monthAsking price is 7M negotiable Co...
29/10/2024

Rental house for sale at Mtwapa
It has 6 bedsitters@6500 per month and 3 shops per month
Asking price is 7M negotiable

Contact us on:
0704172089/0734868000

Swahili style house for saleLocation: MtwapaSize: 11 rooms at 3k per monthPrice: 3.6M negotiable
28/10/2024

Swahili style house for sale
Location: Mtwapa
Size: 11 rooms at 3k per month
Price: 3.6M negotiable

Watamu Jacaranda7 acres beach plot selling at 5M per acreWith a clean title deedContact us on 0704172089/0734868000
08/10/2024

Watamu Jacaranda
7 acres beach plot selling at 5M per acre
With a clean title deed
Contact us on 0704172089/0734868000

House with 4 rooms at Mtomondoni MtwapaAsking price is 1.5MCall us on 0704172089/0734868000
02/10/2024

House with 4 rooms at Mtomondoni Mtwapa
Asking price is 1.5M
Call us on 0704172089/0734868000

05/07/2023

INSIGHTS AND CONSIDERATIONS REGARDING THE REAL ESTATE MARKET FORECAST FOR KENYA

Steady Demand: Kenya's real estate market has shown consistent demand over the years. The growing population, urbanization, and a rising middle class have contributed to increased housing needs. This demand is likely to continue driving the market.

Infrastructure Development: Infrastructure projects, such as roads, railways, and airports, have a significant impact on real estate markets. Continued investments in infrastructure can lead to the development of new residential and commercial areas, attracting real estate investors.

Devolution: Kenya's devolution process, which aims to decentralize power and resources to counties, can have implications for the real estate market. Certain counties may experience increased demand and development, while others may see slower growth.

Affordable Housing Initiatives: The Kenyan government has emphasized the need for affordable housing, with initiatives such as the Big Four Agenda. These efforts aim to provide affordable housing units to citizens, potentially creating opportunities for real estate developers and investors.

Foreign Investment: Kenya has attracted foreign investment in various sectors, including real estate. Stable economic growth, favorable investment policies, and improving business environment have made Kenya an attractive destination for international investors.

Technology and Innovation: Technological advancements, such as online property listings, digital transactions, and property management platforms, have the potential to streamline the real estate sector and make it more efficient.

Potential Challenges: Despite the positive outlook, there are challenges that may impact the real estate market in Kenya. These include political stability, regulatory frameworks, access to financing, infrastructure gaps, and the overall economic climate.

It's important to note that real estate markets are influenced by numerous factors, and predicting their exact trajectory is challenging. Consulting local real estate experts, conducting thorough market research, and staying informed about the latest developments in the Kenyan economy and real estate sector would provide more accurate and up-to-date insights.

Happy Eid Al Adha to all our Muslim friends, clients, and potential clients
28/06/2023

Happy Eid Al Adha to all our Muslim friends, clients, and potential clients

Experience the beauty that is Kilifi CountyA few kilometers from the A7 highway which is currently being dualled.Behind ...
27/06/2023

Experience the beauty that is Kilifi County
A few kilometers from the A7 highway which is currently being dualled.
Behind Vipingo Ridge is this beautiful estate named Ajeni Ridge.

We have:

1) ΒΌ Quarter an Acre 700,000

2) Β½ an Acre Ksh1,100,000/-

The above plots are 800 metres away from Ajeni Ridge

3) Ajeni Ridge 650,000/-

For more information, contact us on 0704172089

13/06/2023

Kenya Land Registration Requirements

To register land in Kenya, several documents are typically required. The specific requirements may vary depending on the type of land and the nature of the transaction, but the following documents are commonly needed for land registration in Kenya:

1. Land Sale Agreement: This document outlines the terms and conditions of the sale or transfer of the land between the buyer and the seller.

2. Title Deed: The original title deed or land ownership document is necessary for registration. It shows the current ownership and details of the land.

3. Land Control Board Consent: If the land is categorized as agricultural or falls under specific zoning regulations, the consent of the local Land Control Board may be required.

4. Land Search Report: This report is obtained from the Ministry of Lands to verify the ownership history, any encumbrances, or restrictions on the land.

5. Survey Map: A certified survey map of the land, showing its boundaries, dimensions, and any existing structures or features, is typically required.

6. Clearance Certificates: Clearance certificates from various government departments are necessary to ensure there are no outstanding taxes, charges, or disputes related to the land. These may include:

a. Rates Clearance Certificate: Obtained from the local government to confirm payment of land rates.

b. Land Rent Clearance Certificate: Ensures that land rent has been paid up to date for leasehold properties.

c. Single Business Permit: Required for commercial properties, issued by the local county government.

d. Capital Gains Tax Clearance Certificate: If applicable, to confirm the payment of capital gains tax on the transfer of property.

7. Identification Documents: Copies of the buyer's and seller's identification documents, such as national ID cards or passports, are typically required.

8. Passport Photos: Recent passport-sized photographs of both the buyer and seller may be necessary for the registration process.

9. Consent Documents: In certain cases, additional consent documents may be required, such as spousal consent if one of the parties is married.

It's important to note that the land registration process in Kenya is overseen by the Ministry of Lands and may involve additional requirements and procedures specific to the local jurisdiction. It's advisable to consult with a qualified legal professional or the Ministry of Lands to ensure compliance with the current regulations and requirements.

08/06/2023

Are you wondering what to do with that piece of land that you just bought that's in a rapidly growing area on the Kenyan coast? We have a few ideas just for you.

1. Vacation Rental Property: Develop the land by constructing vacation rental properties such as villas, cottages, or apartments. With the growing tourism industry in coastal Kenya, you can attract tourists looking for accommodation near the beach. Partnering with a reputable property management company can help you manage bookings and ensure a steady stream of rental income.

2. Eco-Tourism: If the area has natural attractions like forests, wildlife reserves, or unique landscapes, you can explore the possibility of developing an eco-tourism venture. Consider building eco-lodges or organizing guided tours for visitors interested in experiencing the local environment and wildlife.

3. Agricultural Development: Depending on the land's soil and climate conditions, you could consider agricultural activities such as horticulture, aquaculture, or organic farming. Conduct research to determine which crops or farming practices are suitable for the area. Establishing partnerships with local farmers or agricultural experts can help you maximize your returns.

4. Commercial Space: As the area develops, there might be a demand for commercial spaces like shops, offices, or restaurants. Consider constructing a commercial building or shopping complex that can cater to the needs of both locals and tourists. Leasing the spaces to businesses can provide you with a steady rental income.

5. Real Estate Development: If you have the necessary resources and expertise, you could explore larger-scale real estate development projects. This could involve constructing residential properties, gated communities, or even a mixed-use development that includes residential, commercial, and recreational areas.

Remember to conduct thorough market research, consult with local experts, and consider factors such as demand, competition, infrastructure, and regulatory requirements before making any investment decisions. It's also a good idea to consult with a financial advisor or investment professional to assess the feasibility and potential returns of your chosen investment.

Wishing you a happy new month. May your goal for this month be to own property with the help of Farys Properties πŸ™‚πŸ™
01/06/2023

Wishing you a happy new month. May your goal for this month be to own property with the help of Farys Properties πŸ™‚πŸ™

30/05/2023

Using a property agent when buying property in Kenya can offer several advantages. Here are some of the benefits:

1. Expertise and Market Knowledge: Property agents have in-depth knowledge and experience in the local real estate market. They can provide valuable insights about different areas, property values, and market trends. Their expertise can help you make informed decisions and find properties that match your requirements.

2. Access to a Wide Range of Properties: Property agents have access to a vast network of property listings, including both on-market and off-market properties. They can save you time and effort by presenting a curated list of properties that align with your preferences and budget. This broad selection increases your chances of finding the right property.

3. Negotiation Skills: Property agents are skilled negotiators who can advocate on your behalf. They have experience in negotiating property prices, terms, and conditions, ensuring you get the best deal possible. Their negotiation skills can help you save money and secure favorable terms during the buying process.

4. 'Legal and Documentation Assistance: The process of buying property in Kenya involves legal and documentation requirements. Property agents are familiar with these procedures and can guide you through the necessary paperwork, ensuring all legal aspects are properly addressed. They can help you understand contracts, handle title transfers, and coordinate with lawyers and other professionals involved in the process.

5. Local Network and Connections: Property agents have established relationships with other professionals in the real estate industry, including lawyers, surveyors, valuers, and property developers. They can refer you to trusted and reliable experts, making the entire buying process smoother and more efficient.

6. Time and Convenience: Searching for properties, contacting sellers, scheduling viewings, and conducting research can be time-consuming. By engaging a property agent, you can delegate these tasks to a professional who will handle them on your behalf. This saves you time and allows you to focus on other aspects of your life while still progressing with your property purchase.

7. Post-Sale Support: Property agents can offer support even after the sale is completed. They can assist with property management, rental services, or provide advice on property maintenance and improvements. Having a reliable contact for ongoing support can be beneficial, especially if you are new to the area or investing in real estate for the first time.

It's important to note that while property agents offer many advantages, it's essential to choose a reputable and licensed agent who adheres to professional standards and practices.

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Kilifi

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+254704172089

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