NEWS
18-11-2021 by Freddie del Curatolo
I elect Kenya as my second home.
For now, at least. Then, seeing how the situation in Italy is going, you never know I'll think about a permanent move.
The emergency never seems to end, who knows how many vaccine booster shots will still arrive and so on.
These are the thoughts, many of which are expressly stated to our portal and accompanied by requests for advice, many compatriots who are tired of waiting and at the same time do not feel like breaking the still unfair or poorly structured bylaws prohibiting tourism from Italy to Kenya.
So the most popular solution is to buy a plot of land in Kenya, trying to spend as little as possible and avoid cheating.
There are those who have already tried, with mixed results, and those who have succeeded, even operating online with notaries and accountants in Malindi, Watamu and Mombasa.
So, faced with a stalemate in the real estate market on the coast, which if it experiences sudden surges is only thanks to local buyers, especially from Nairobi, an unexpected business is taking place that has transformed many small landowners into dissectors of "plots" that are sold at very affordable prices. From 5 to 10 thousand euros for a quarter of an acre (about 1000sqm) in which you can then build a simple semi-detached house and also have a portion of garden.
For many it could also be an investment, a bet with some money saved with all the restaurants and vacations missed during the pandemic year and the months of lockdown.
The advice for everyone is obviously not to send advances or entire sums without certainty of official documents, entrusting land searches to special "land surveyors", inspectors or real estate agents. Buying by mail order is a risk everywhere, let alone in Africa.
Where? The most popular places seem to be Ganda, Kakuyuni and Jilore inland from Malindi, in the Galana valley, or Matsangoni in front of Mida Creek, just a few kilometers from Watamu.
But people are also looking towards Mambrui, on the new paved road leading to Marafa.
Some Italians have already arrived in recent weeks with letters of appointment with lawyers and sellers, to sign the purchase and establish domicile.
Perhaps for now in a Canadian tent, but ready to build a hut, with or without a heart, but above all with or without Hope.
ECONOMICS
by redazione
On the Kenyan coast, it is boom time for Kilifi. Everyone wants to buy houses or land, but also to...
BUSINESS
by redazione
Leading Real Estate agencies in Nairobi have ranked Malindi second overall, after Nanyuki, for...
KENYA NEWS
by Freddie del Curatolo
Today in Malindi, yet another hearing will be held on one of the many thorny issues...
INVESTMENTS
by redazione
That of "legal" property usurpation is a phenomenon that has always created problems in Kenya for those...
CORONAVIRUS
by redazione
Kenya has reached 3 000 deaths from Covid-19 since the start of the pandemic, or 14 months ago. In...
INVESTMENTS
by redazione
Mayungu will be the next frontier of coastal tourism. The fishermen's village between Malindi and Watamu is evolving, among the latest land and property sales (even Nairobi's prominent figures have purchased plots or existing homes) and the resolution of many...
KILIFI COUNTY
by Freddie del Curatolo
Malindi beach at risk of property speculation, Governor stops...
REAL ESTATE
by redazione
It is time for property investments in Malindi, considered one of the most advantageous and...
BUSINESS
by redazione
30 million euro ready from domestic and foreign investors to launch industrial projects in Kilifi County.
This was announced by Governor Amason Kingi on the sidelines of the conference on the economy Kilifi and investment in the county, which closed yesterday...
NEWS
by redazione
A new land acquisition by the Ministry of Transport, the purchase of other 22.4 hectares of land to ensure the expansion of the airport in Malindi International.
INSIDE KENYA
by Freddie del Curatolo
Kenya’s ultra-wealthy represent one of the most controversial aspects of the country, but also the most...