How much do lands cost in Kenya?

By the end of 2017, the average land price in Nairobi was Sh189m ($1.89m)an acre. represented a sharp deceleration from 2016, when prices grew by 17.99 per cent. The average land price in the county closed 2017 at Sh5. 2m ($52,000) per acre, up from Sh3.

How big is a plot of land in Kenya?

Kenyan surveyors do their work in the metric standard. This is why your title deed will indicate the size in hectares (ha). 1)For a rectangular plot, 50 by 100 refers to 50 feet by 100 feet which is equivalent to 15 meters by 30 meters and is also equal to 450 square meters.

Is buying land in Kenya a good investment?

Land is a finite resource, this makes land ownership a great form of investment. The process of owning land can be daunting. However, once acquired, the returns are great, especially if you buy land in an area that is expected to experience expanding demand in years ahead.

How can a foreigner acquire land in Kenya?

Foreigners can own property in Kenya in their name. The Constitution (2010), the Lands Act (6/2012) and the Land Registration Act (3/2012), subject to certain limitations, grant the right to any person, either individually or in association with others, to acquire and own land in Kenya.

How do I buy land in Kenya?

Here are legal steps to purchase land in Kenya:

1. Searches and inspection of the title.
2. Preparation of offers and price negotiation.
3. Sale agreement and deposit payment.
4. Payment of land rates.
5. Transfer documents and consent to transfer.
6. Payment of Stamp Duty.
7. Registration of transfer.
8. Exchange of documents.

How big is a 50 100 plot?

50 decimals equal to half an acre. 9. 12.5 decimals equal to 50 by 100 feet plot of land.

What size of land is 50 by 100?

1)For a rectangular plot, 50 by 100 refers to 50 feet by 100 feet which is equivalent to 15 meters by 30 meters and is also equal to 450 square meters. This is what people refer to as 1/8 of an acre though slightly less due to the provision for access road.

Why is buying land important?

There are many benefits to owning land. First, land ownership gives the owner peace of mind. As a long term, tangible asset, raw land doesn’t wear out or depreciate, and there is nothing that can be stolen or broken on it. It is a limited resource that is relatively inexpensive to own and requires little maintenance.

Why do we buy land?

Another important reason why buying vacant land makes sense is the fact that it is easier and cheaper to hold for longer period of time. One of the factors required to profit from your real estate investment is time. The longer you are able to hold on to the investment, the higher your chances of making a good profit .

Can I buy land as a foreigner?

Buying Land as a Non-U.S. Citizen Anyone may buy and own property in the United States, regardless of citizenship. There are no laws or restrictions that prevent any individual of any foreign citizenship from purchasing or owning property in the U.S.

How long does it take to buy land in Kenya?

These documents include the consent transfer, land rent clearance certificate, rate clearance certificate, and the original title deed. This process usually takes up to 12 days to complete, after which the ownership of the land in question is considered to have legally changed hands.