How to buy land in Kenya while in the diaspora?
Investing in Kenya while in the diaspora is very possible. You only need some guidance to get you started and make your dream a reality. Here is a step-by-step process for buying a plot in Kenya while living abroad.
Step 1. Choose your preferred location
Identify the location you want to invest in Kenya. The popular areas for commercial or residential properties include Matuu, Juja, Nakuru, Nanyuki, and Nairobi Metropolitan.
Step 2. Work with professional realtors
There are several land selling companies in Kenya but only a few are reliable. AMG Realtors is a trusted and reputable real estate company that deals with investors in Kenya and the diaspora.
Step 3. Conduct a Search
Ensure the person selling you the property is the legitimate owner. Conduct a land search and request for the title deed.
Step 4. Site visit matters
You can request a trusted family member or friend to conduct a site visit for you. Request a virtual site viewing from your trusted realtor to help you familiarize yourself with the area. Alternatively, you can make a trip to physically visit the land.
Step 5. Make payments and sign the agreement
If the property meets your expectations, make the payment through M-Pesa or bank transfer. Sign the sales agreement, which serves as the proof of purchase. Ensure your copy has the correct details like the plot number, Title number, your name, and ID number.
Step 6. Transfer of ownership
Your reliable realtor will help with this process. It can about a month, so you should be patient.
Best real estate investments for Kenyans in the diaspora
Real estate companies in Kenya offer the best investments for Kenyans in the diaspora. The best investments include: -
· Construction and raw land investment
· Crowdfunding platforms
· Residential properties
· Commercial real estate
Why invest with AMG Realtors in Kenya?
AMG Realtors is a trusted and reputable real estate in Kenya that makes property ownership a reality. We connect Kenyans in the diaspora with high-yield investment opportunities. We also offer convenient payment options like M-Pesa, Wells Fargo, ABSA, Bank of America, and Equity. We also ensure that validating the ownership of the property happens within the shortest time possible.
Diaspora remittances to Kenya
According to the Central Bank of Kenya, Kenyans in the diaspora sent Ksh 671 billion in 2023, an increase of 4% from Ksh. 645 billion in 2022. The USA remained a substantial source of remittances, accounting for more than 55% of the total remittances. Other top sources include Australia, UAE, the UK, Canada, and Saudi Arabia.
Affordable land investment opportunities for Kenyans in diaspora
At AMG Realtors, we have affordable plots for sale in Kenya in prime areas. We also sell properties that we own to ensure our clients abroad get quality properly-vetted land. Check our website to peruse through various land properties in Kenya.
How can Kenyans in the diaspora invest in real estate?
As an investor from the diaspora, identify your investment goal and location. Then choose a property that suits your financial needs and leave the rest to AMG Realtors. It will take us about 60 days to deliver the title deed to your doorstep via DHL.
AMG Realtors investment opportunities for Kenyans in diaspora
We have excellent investment opportunities in places like Juja, Ol Saruni Gardens, Daiga View in Nanyuki, Greenlands in Nakuru, and Naivasha. Our prices range based on the location and size of the property.
F.A.Q's about how Kenyans in the diaspora can invest in real estate in Kenya
How a foreigner can Invest in Kenya? As a foreigner, you cannot buy land in Kenya but you can lease for up to 99 years.
What is the minimum amount to invest in real estate in Kenya? The minimum amount you need to invest in real estate is about Ksh. 5 million. However, this investment amount depends on the type of land and investment goals.
How to venture into real estate in Kenya? Choose the location that will positively affect the value of the property. Consider factors like proximity to amenities, easy accessibility, and good infrastructure. Schools, hospitals, supermarkets, and markets attract a higher value in real estate.
Now that you know how Kenyans in the diaspora can invest in real estate in Kenya, grab a chance to own a property while you’re away. At AMG Realtors, we have lucrative investment opportunities that align with your investment strategy and financial goals. Make a choice today and watch your dream of owning a property actualize.