Showing posts with label land for sale in kakamega. Show all posts
Showing posts with label land for sale in kakamega. Show all posts

Saturday, May 12, 2018

Agricultural land in Kenya for sale: Agricultural land for sale in Kenya


A million dollar question is who is eligible to acquire agricultural land in Kenya for sale? We have answered that question in our previous postings that anybody whether local or foreigner can buy agricultural land in Kenya. Of course, there are some limitations for non-citizens who can only get land on leasehold for a period not exceeding 99 years. That piece of information is in the laws of the land and it has generated so many questions which we are going to address as we make progress in the discussion. Like for instance, after the 99 years what happen next? According to section 13 of the Land Act, the land can be released to the most immediate lessee if he or she is a Kenyan national. This pre-emptive right is subject to the availability of that land meaning that, if the land is not needed by the authority (government) for public interest the land will be given out for the second lease. However, this is only applicable to citizens and not foreigners.

The other area of concern is “can a foreigner register a company to get a freehold land?” The advantages that come with freehold land has made many foreigners look for ways of enjoying the benefits attached. Nonetheless, the law doesn’t allow that. The law only considers those companies whose ownership is a 100% Kenyan. Where there are one or more directors in the company, such entity will be considered to be of foreign nature and cannot get agricultural land in Kenya for sale or any other land for that matter on the freehold basis.This condition is also applicable to trust. The law prevents non-citizens from owning freehold property under trust too.
Finally, and this is in relation to our point of focus on acquiring agricultural land in Kenya for sale. The law provides that under the Land Control Act, “the Land Control Board shall refuse consent to the transfer of any agricultural land to a person who is not a citizen of Kenya”. However, the Act also provides that a “non-citizen can only own agricultural land if it is an initial grant from the Government or after obtaining a presidential exemption to acquire the agricultural land”. On this point, it seemingly suggests that a public company can own agricultural land even if its ownership is a mixture of citizens and non-citizen. But other than that, the same is not applicable for a private company whose ownership is composed of both citizens and foreign shareholders. In the case of the private entity, all the shareholders must be Kenyan citizens in order to own agricultural land. Now having known what the law allows and prohibits, you must be careful when intending to put up an investment in agricultural land in Kenya for sale or any other land for that matter. This article is meant to help you do a thorough due diligence so that you do not loose from the beginning. You can always talk to us at West Kenya Real Estate using our contact on this site for all the concerns you have and we will help you professionally.

Monday, April 30, 2018

Vacant land investment: Real estate in Kisumu


Until now land has remained the biggest real estate investment. It is an investment product that does not stale in any way. Many people who have explored this investment option have no business stocking their money in the bank where it doesn’t earn any meaningful dividend. I have over the years met smart investors to whom I have learned a lot when it comes to vacant land investment. And just to open your eyes, in late 1990’s one of these investors bought land along the flood areas of Kano plains on the busy Kisumu Nairobi highway. By that time no one ever wanted to look at that area as a place for investment. And as it is the norm, when he was buying many parcels of land along that area, people rebuked and mocked him as one with shallow business ideas. He did not mind the insult and continued with his business idea of buying vacant land in the economically wrong places according to the views of many.
To cut the long story short, those land he bought in 1999 at less than 10,000 an acre are today 18 years down the line of investment are fetching over 2.5milion an acre. Does that raise your eyebrows? I thought you were among the group of advisers who wanted him to look elsewhere for investment then! What point am I passing across, real estate in Kisumu is full of surprises for the good of those who have mastered the real estate business. There is money in the vacant land investment. All you need to do is to remain focus and never be swayed by onlookers. If this investor in 1999 bought 20 acres of land at only Kshs. 10,000 each (Kshs. 200,000 then) and today he is disposing the same at Kshs. 2.5milion, his gross income will be Kshs. 50milion. That is Kshs. 231,000 every month in the last 18 years. And just for the avoidance of doubt, the capital was Kshs. 200,000. Was that a bad investment idea as was lauded by many then?
I believe that by now if you have been following keenly the tone of this article, you probably want to ask certain questions. If you are you are indeed justified and we are always available to help you change the course of history. Realestate in Kisumu is an avenue for prosperity in the region. And it is never too late to start today. The best way to start is by acquiring parcels of vacant land and just like you could put some of your excess money in a fixed deposit account and earn just a meager 1.5% of your investment annually, you can be smart and torn to vacant land investment for real productivity in real estate business Kisumu chapter. The wait and see categories of investors will always be there to tell your story, but you must not be the one to tell other people’s stories of success. Be the one to whom successful investment stories are told. How do you make that happen? Talk to the professionals at West Kenya RealEstate today.

Tuesday, March 10, 2015

A look at tourism in relation to lands for sale Kakamega



Kakamega is found in the Kakamega County which is in the western part of the Country. It's a formerly the headquarters of the now defunct Western province. The area is well known for its farming activities but recently, tourism has dawned as an economic powerhouse in lands for sale Kakamega. The tourism industry in the area lately emerged as amongst the major contributors of the region’s gross domestic income, alongside other vital sectors such as the real estate, fishing and of course the predominant agricultural sector.
Kakamega takes pride the legendary Kakamega forest which offers unique wildlife and scenic beauty. This is a suitable place for tourists who are into bird and butterfly watching. It is solely because of the wide variety of bird and butterfly species that the forest has (300 and 400) species respectively. Additionally, the forest has 27 species of snake, in excess of 350 species of trees and 7 primate species including Debrazza monkey, white and black colobus monkey and vervet monkey.
There is also the Kakamega national reserve which is situated in the Lake Victoria basin. It offers a range of rare species of wildlife and a great scenic beauty. The Kakamega national park offers another tourist spot site within the area. The crying stone of llesi is yet another significant feature which will strike you in this region. It's a stone resembling a human being, perpetually in tears from head to feet. The parable surrounding this peculiar stone amongst locals only adds flavor to its existence. This certainly is one feature you cannot just ignore while visiting this interesting area of lands for sale Kakamega.
The tourism sector within the region is set to receive a major impetus as a result of the formation of Kakamega Forest Ecosystem Tourism Association (KAFETA) that is a culmination of efforts by Nature Kenya to put together the stakeholders so to market the region as an ecotourism destination. The body seeks to diversify tourism within Kakamega forest and western Kenya as a whole. Its main functions include though are not limited to the following:
Protection of environment
Income generation
Promotion of tourism activities
Marketing of sustainable tourism activities
Preserve and conserve the natural and cultural heritage of the Kakamega forest ecosystem
Promoting domestic tourism
These activities are set to ensure the tourism sector within the region grow by a big margin as it is set to give the sector the incredibly helpful impetus to further steer its growth. Thus the County is set to generate more income. With these set up, Kakamega is set to become a major economic hub in western Kenya and even within the entire Country at large.
Any keen reader would surely have noted that every of these tourism activities will most probably have built a dire need of major hotels to be constructed in the region for the purpose of accommodating the increasing range of tourists in the region; which is still set to rise with time

Thursday, February 12, 2015

Why land for sale in Kakamega is still the place to invest

Why land for sale in Kakamega is still the place to invest
It beats my imagination to see people wandering here and there looking for places to invest yet there are so many rich regions in this country where people can invest and do well in businesses and investments. When talking about investing I do not only mean the foreign investors but the local ones as well, who today have embraced investments to the fullest, and are now at par with the foreign investors.
Now, among such rich places with vast opportunities for investments where people can put up their businesses in this country include regions like Kakamega County.   
Kakamega County prides in being the home of the renowned Mumias sugar company. Apparently, the sugar cane that is planted in Kakamega, which is processed in Mumias factory, is of less quantity, such that they always have to get some from the neighboring Busia County. This is already an opportunity which an investor can grab and venture in, i.e. large scale sugar cane farming in Kakamega County, also bearing in mind the favorable climatic conditions it is characterized with.
Kakamega is also an educational center, with only one university however. Masinde Muliro University and other middle level colleges plus some known schools such as Kakamega High School and Lugulu High School are some of the learning institutions that are in this County. Firstly, an investor can introduce a number of private universities as well as some middle level colleges so as to offer such services. The introduction of such learning institutions will also create the need of having accommodation facilities, hostels, to accommodate the students who come both from within and from outside the county.
Kakamega town, the County’s capital is also an urban town with lots of activities going on. With these vast and diverse activities going on, people are seen migrating from the rural areas to the urban centre to look for business and employment opportunities. This calls for the need for more rental houses that shall be occupied with these people. An investor can then put up rental houses in the land for sale in Kakamega, which will in turn fetch him a lot of cash.
Also being a town with so many activities, investors can introduce financial institutions as well as some other micro financial associations, which can help the locals as well as the investors by loaning them so as to develop their businesses.
Investors can as well set up factories such as paper plant factories in the land for sale in Kakamega. This is due to the rich Kakamega forest in Kakamega which can be used to produce papers, which also can be a great income-earner to the investor.
So these are some of the reasons I started by saying that Kakamega is still the place to invest. You also can invest today and reap loads of profit. 

Thursday, January 15, 2015

Get freehold land for sale Kakamega


Kakamega is a place with hot and wet weather very suitable for farming, both tremendous and subsistence. It is as well a superb area for commercial investments because of its large population. Also, by reason of it being a non-volatile place, it really has great potentials of attracting investors.

You could be an investor keen on making business in Kakamega, and searching for a land so you can raise commercial buildings. You don't to look any longer simply because of this is readily available for you.

There's a land for sale Kakamega spacious well enough to suit your needs, easily accessible and furthermore suitable for both commercial and agricultural purposes, not forgetting even the residential projects.

Now, something amazing about land for sale Kakamega is the fact that it's freehold, which means that that the moment you acquire it, it becomes your personal land. You'll not need to pay some fees again in the name of land rates, or any additional fee. Moreover you will be issued with title deed immediately, which shall henceforth be under your custody. That is to say you're free to use this land whichever way you prefer because it's yours. Being a place where farming does so well, you possibly can choose to do sugar cane farming, which in Kakamega is basically a cash crop.

Well, you possibly can be wondering where prime freehold land for sale Kakamega can be found. Worry yourself not. There are quite a lot places in Kakamega to get such land, with prime ones being Mumias, Kakamega town and Kambi Mwanza.

If you want to obtain a land for sale Kakamega, you can always be sure that you are dealing with genuine agents. Today, some people find it difficult to put their trust in the agents as a result of the many occasions they may have fallen prey to fraudsters in the name of ‘agents’.

Other than merely the agents, you can be sure to get a genuine land for sale Kakamega. People will never be trusted nowadays. The reason this happens is because cases have always been reported where individuals that pose as the land agents get together with conmen and sell somebody else’ land while even issue fake documents.

This then is basically a wakeup call for everyone who wishes to buy land to be cautious enough as not to fall victims of circumstances, as they get away immediately with your money to never be seen again on the earth. This nonetheless, is certainly not the case with land for sale Kakamega simply because they issue clean and genuine documents to the buyers. Additionally, there’s also the direct exchange of the land from the owner to buyer when the last payment is made.

Find out more of this article at www.westkenyarealestate.com