Skip to main content

About

About

Welcome To Property Econs!

Property Econs is a site dedicated to providing you valuable information about the Kenyan property market. We have you covered if you seek information regarding buying, selling, renting, or leasing land and buildings and property development. Here we will provide you only informative, useful, and interesting content which you will like very much.

Our mission is to educate our readers to become savvy property buyers, sellers and investors.

Our vision is to be the leading source of information on the Kenyan property market.     

We're working to turn our passion for real estate research and writing into a booming online website. We hope you enjoy our articles as much as we enjoy offering them to you.

We will keep sharing useful and engaging content for all of you. Please give your support and love.

Thanks for Visiting Our Site.

Have a nice day!

Popular posts from this blog

How to Find Land Maps When Buying Land in Kenya

  Land maps are vitally important when buying land in Kenya. They provide you with relevant information about a piece of land you intend to buy. Acquiring relevant land maps earlier during the land-buying process will help you avoid getting tricked by the seller. Several land maps are used for land registration in Kenya. However, the most popular map when it comes to buying land in the country is the Registry Index Map (RIM). The RIM provides important details regarding a piece of land, like its location, plot number, and scale. The map is drawn to scale. Thus, with a ruler and the scale indicated on the RIM, you can measure and determine the size of the land you want to buy    Obtaining a RIM will help verify if the data on the map correspond with the reality on the ground. Thus, once you get the maps, you must visit the site and determine if everything checks out. Obtaining a RIM requires that you provide proof of land ownership. Thus, as a buyer, you have to request y...
Post a Comment
Read more

Stamp Duty: What You Need to Know Before Purchasing Land in Kenya

Land buyers in Kenya must pay stamp duty for land transactions to be deemed valid. This article will help you learn what stamp duty is, stamp duty rates in land transactions, how to pay the duty, and the consequences of failing to pay stamp duty in Kenya.    What is Stamp Duty? The Kenya RevenueAuthority (KRA) defines stamp duty as a tax levied on legal instruments like land transactions, shares, receipts, cheques, marriage licenses, and military commissions.   In the land acquisition context, stamp duty helps the Kenyan Government earn revenue from land sales, leases, and mortgages. The KRA requires the individual, group, or organization acquiring land to pay a certain percentage of the land’s market value as the stamp duty. Stamp Duty Rates in Kenya The Government of Kenya does not charge the same stamp duty rate for all land transactions. Stamp duty rates differ based on a parcel of land’s location, use, and the nature of the transfer.   Currently, th...
Post a Comment
Read more

Land Valuation for Stamp Duty Calculation in Kenya

Did you know that the Ministry of Land’s Department of Valuation independently calculates the market value of a piece of land on sale to establish the right amount of tax to collect from a sale? Stamp Duty Stamp duty is a tax levied on land transactions. It is also levied on cheques, receipts, military commissions, marriage licenses and shares. It is your duty as a land buyer to pay stamp duty to the government. The Kenyan law tasks the Kenya Revenue Authority (KRA) with stamp duty collection. Therefore, you will submit the tax to the KRA when buying land. Land Valuation for Stamp Duty Calculation When buying land, you agree on the price with the seller. However, the KRA does not necessarily use the buying price you have agreed with the seller when the revenue authority calculates the stamp duty for the land transaction. The government conducts an independent land valuation through the Department of Valuation. The valuation’s goal is to determine the market value of the ...
Post a Comment
Read more