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Real Estate in Kenya
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Superwoman910
#1 Posted : Monday, June 25, 2018 2:58:11 PM
Rank: Hello

Joined: 6/25/2018
Posts: 3
Location: Nairobi
Hi Wazuans, I am thinking of investing in the real estate sector. The thing is that there is a lot of mix up from reports about its current status, i.e., whether the returns are good and worth it, or not. What do you guys think?
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MugundaMan
#2 Posted : Monday, June 25, 2018 3:47:41 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Show me a sensible fellow who has not made a pile investing long term in real estate in Kenya from as far back as 1963 and I will show you a fire engine red flying horse in Pluto. And let nobody counter with even a single article written by Lukorito Jones.
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RIEK01
#3 Posted : Monday, June 25, 2018 4:02:14 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Read the below report as it will give you an accurate picture of the sector. https://stanlibfahariire...T-Annual-Report-2017.pdf
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Superprime1
#4 Posted : Monday, June 25, 2018 4:21:16 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
What type/kind of an investment in real estate? Is it rental income-generating commercial or residential property/ies? Or are you intending to buy land and hold to sell in future? And which market segment are you interested in or focused on? BTW, buying Stanlib Fahari I-Reit is another way of investing in real estate....
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MugundaMan
#5 Posted : Monday, June 25, 2018 4:31:13 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
I would NOT recommend investing in an REIT at all. Investing in an REIT is like paying a bank a monthly commission to invest for you. Why pay the middleman's overhead and salaries when you can buy directly? Be wise.
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Superprime1
#6 Posted : Monday, June 25, 2018 4:51:18 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
MugundaMan wrote:
I would NOT recommend investing in an REIT at all. Investing in an REIT is like paying a bank a monthly commission to invest for you. Why pay the middleman's overhead and salaries when you can buy directly? Be wise.
Well, it would depend on how much capital one has. If you need some 'parking' that must be real estate-oriented, then an I-Reit would do as you seek a 'permanent' home. If you have significant capital, then you have broader options.
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Wakanyugi
#7 Posted : Monday, June 25, 2018 6:25:33 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
MugundaMan wrote:
Show me a sensible fellow who has not made a pile investing long term in real estate in Kenya from as far back as 1963 and I will show you a fire engine red flying horse in Pluto. And let nobody counter with even a single article written by Lukorito Jones.
This is very true. On three different occasions I have sunk money into real estate at a time when everybody told me I was being foolish. In each case I have more than trebled my money over ten years, at a minimum. In one of the cases I actually multiplied my investment by about 30. Granted this is exceptional but it is not pure luck. I know a few people who have done the same or better. Don't listen to doom sayers who keep preaching about a sector bust that has never happened. Even when it does, the pullback is still much less than for other investments.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Swenani
#8 Posted : Tuesday, June 26, 2018 9:29:47 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
I think real estate is good for guys with cash and not loans. When I say real estate, I mean buying and building houses and not buying land to speculate
If Obiero did it, Who Am I?
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Wororo
#9 Posted : Tuesday, June 26, 2018 10:23:10 AM
Rank: Member

Joined: 1/30/2011
Posts: 207
Swenani wrote:
I think real estate is good for guys with cash and not loans. When I say real estate, I mean buying and building houses and not buying land to speculate
Very true... The loan (interest) aspect is usually tricky at times especially when it comes to prime land/property purchases etc - but unfortunately majority of Kenyans considerably ignore to cost factor the interest charged - when citing the purchase real price/cost of the land or/and property...
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wukan
#10 Posted : Tuesday, June 26, 2018 10:42:50 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Wakanyugi wrote:
MugundaMan wrote:
Show me a sensible fellow who has not made a pile investing long term in real estate in Kenya from as far back as 1963 and I will show you a fire engine red flying horse in Pluto. And let nobody counter with even a single article written by Lukorito Jones.
This is very true. On three different occasions I have sunk money into real estate at a time when everybody told me I was being foolish. In each case I have more than trebled my money over ten years, at a minimum. In one of the cases I actually multiplied my investment by about 30. Granted this is exceptional but it is not pure luck. I know a few people who have done the same or better. Don't listen to doom sayers who keep preaching about a sector bust that has never happened. Even when it does, the pullback is still much less than for other investments.
Now I understand why you are insisting on the interest rate caps. Feudalism feels good.
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