Nairobi’s vibrant real estate market is an attractive destination for foreign investors and expatriates seeking prime property in Kenya. As a foreigner, purchasing property in Nairobi can be a straightforward process when you understand the legal requirements and have the right guidance. At Numa Real Estates KE, we specialize in helping foreign buyers navigate the property acquisition process seamlessly.
Here’s what you need to know about buying and transferring property as a foreigner in Nairobi:
- Essential Documents for Property Purchase
To successfully purchase and transfer property, you’ll need the following:
Valid Passport: A certified copy of your passport will be required as identification.
Kenya Revenue Authority (KRA) PIN: This is a mandatory requirement for property transactions in Kenya. We can assist you in acquiring a KRA PIN if you don’t already have one.
Proof of Residency (if applicable): If you live in Kenya, you may need to provide a valid work or residency permit.
- Understanding the Legal Framework
Foreigners in Kenya are allowed to own leasehold property for up to 99 years, but they cannot own freehold land. Our experts at Numa Real Estates KE will help you understand these regulations and find properties that align with your goals.
- Key Steps in the Property Acquisition Process
The purchase and transfer process includes the following:
a. Initial Agreement and Due Diligence
Letter of Offer: Once you select a property, a Letter of Offer outlines the terms and conditions of the sale.
Land Search Certificate: A search at the Ministry of Lands confirms the legal ownership and ensures the property is free of encumbrances.
b. Signing the Sale Agreement
A licensed advocate prepares and facilitates the signing of the Sale Agreement between the buyer and seller.
c. Payment of Stamp Duty
Stamp Duty, typically 4% of the property’s value in urban areas or 2% in rural areas, must be paid to the Kenya Revenue Authority.
d. Land Control Board Consent
For agricultural or leasehold land, consent from the Land Control Board (LCB) is required to approve the transfer.
e. Transfer of Ownership
After all payments are made, a Transfer Instrument is signed, and the new title deed is registered in your name.
- Costs and Taxes Involved
Aside from the property price, additional costs may include:
Stamp Duty
Legal fees
Land registration fees
Clearance certificates for land rates and rent
- The Importance of Legal Representation
Navigating the property purchase process in a foreign country can be complex. Engaging a licensed advocate ensures compliance with Kenyan laws and protects your investment. At Numa Real Estates KE, we work closely with reputable legal experts to streamline the transaction process for our clients.
Why Choose Numa Real Estates KE?
At Numa Real Estates KE, we are committed to making your property acquisition journey in Nairobi smooth and transparent. Whether you’re looking for a luxurious apartment in Kileleshwa, a high-end mansion in Runda, or an off-plan investment opportunity, we provide personalized services tailored to your needs.
Our portfolio features properties in Nairobi’s most desirable neighborhoods, and we’ll guide you through every step—from identifying the perfect property to ensuring all legal requirements are met.
Contact Us Today
Ready to invest in Nairobi’s thriving real estate market? Let Numa Real Estates KE help you secure your dream property.
Phone: 0717 009425
Email: buynow@numarealestate.co.ke
Website: www.numarealestate.co.ke
Make the smart move with Numa Real Estates KE—the trusted partner for local and international real estate investments in Nairobi.
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