It is possible to purchase in Kenya without being in the country. One can assign a lawyer to go through the whole process on the buyer´s behalf through a power of attorney. The whole process for the titling of the property can typically be completed in around 72 days.
How much does it cost to buy a house in Kenya?
That said, the average purchase price of a 1 to a 3-bedroom house in Nairobi as of 2019 was 14.4 million shillings (US$140,666), while that of a 4-6 bedroom residential averaged at about 39.1 million shillings (US$ 381,948).
Can a foreigner buy a house in Kenya?
The simple answer is yes, non-citizens can own property in Kenya and enjoy all legal rights and protections that Kenyan citizens enjoy, however they are subject to restrictions with regard to the kind of tenure they can hold in land and are also prevented from owning or dealing with agricultural land.
Who pays stamp duty in Kenya buyer or seller?
7. Payment of Stamp Duty. It is the responsibility of the buyer to pay the stamp duty, a tax levied on all lands.
How can I buy a house with no money in Kenya?
4 ways to Owning a House Without Mortgaging in Kenya
- Pay for your home in cash. You can own your home by either paying from your earnings or savings. …
- Rent to own. Rent to own is slowly catching up in the Kenya real estate market. …
- Buying to Sell (Flipping) …
- Joint Venture.
How can a foreigner become a Kenyan citizen?
A person who has been lawfully resident in Kenya for a continuous period of at least seven years, and who satisfies the conditions prescribed by an Act of Parliament, may apply to be registered as a citizen.
Who is exempt from stamp duty in Kenya?
Stamp Duty exemption may be obtained for transactions, including but not limited to: Transfer of land to charitable organizations as gifts. Transfer of property between spouses. Transfer of family property to the members on demise of a family member in whose name the property was registered.
How much does it cost to buy an apartment in Kenya?
The average price for a 1-3 bedroom residential property is currently KES 14.4 million (US$140,666), while the average price for a 4-6 bedroom residential property is KES 39.1 million (US$ 381,948). In Kenya, most property purchases are for cash.
Who pays stamp duty buyer or seller?
It is always the home buyer who pays stamp duty, not the seller. Usually, your solicitor will pay it on your behalf as part of the purchase process.