David Rudisha Defends his 800m Title in Rio. Another Gold for Kenya

David Lekuta Rudisha gives Kenya the second Gold and becomes the first Kenyan to defend his 800 Olympic Title

Kenyans ready to start harvesting Gold in Rio Olympics tonight

The real Olympic Games begin tonight in Rio 2016! Unleash the Kenyans!
Share this post and prove your patriotism! #GOTEAMKENYA

http://www.ndatani.com/up-coming-events/

UNDERSTANDING THE REAL ESTATE JARGONS.

In Kenya whether you plan to apply for a loan, or buy  a piece of land, or sell your apartment - you'll hear realtors and banks use some unfamiliar lingo . If you correctly understand these technical terms, you'll be able to clinch better deals.Let us demystify some of these real estate jargons. 

Agreement of sale:Also referred to as a purchase or sale agreement, it is a written contract between the seller and the buyer for the sale of property. Terms and conditions under which the seller agrees to sell and the buyer agrees to buy are clearly spelled out in the contract and signed by both parties.

Amendment:A slight alteration or correction to an agreement without changing its basic essence.

Amortisation:A loan repayment plan which enables the borrower to reduce his debt, through monthly payment of both principal and interest due.

Appraisal:A realistic estimate of the value of the real estate on a given date.

Commission:Money paid by the seller (and in some cases even by the buyer) for finding a suitable buyer and completing the sale of property.

Cloud on title:An irregularity or claim, that if proved valid would adversely affect the title.

Depreciation:A fall in the value of the property is known as depreciation.This term doesn't particularly apply to buying or selling land as a piece of land will always appreciate in value.Thats why you hear sayings like, "buy land they're not making it anymore" , "Buy land and Wait"

Encroachment:Any wall, fence, fixture, obstruction or part of a building that crosses its legal limits and protrudes into the property of a neighbour.

Easement rights:A right granted to a person or company authorising access to or over another's land is easement rights. For instance, electric company drawing wires, placing poles or pipelines is a common example.

Lien:A claim by one person over the property of another as a security for money owed.

Mortgage:A lien or claim against the property, given by a buyer to the lender as a security for the money borrowed.

Public domain:Government land belonging to the public at large.

Refinancing:Paying off one loan with proceeds from another loan.

Lease:An agreement under which the owner of a property gives the rights of possession to a lessee for a specified term and for a specified rent.

Survey:The measurement of plot by a surveyor that delineates its boundaries.

Power of attorney:A document by which you can authorise and empower another person to act on your behalf in specific manner in specific transactions.

Title:The rights to ownership , possession, usage and disposal of a property.

Waive: Voluntary relinquishment of one's rights or privilege.

Affordable housing gaining ground in Kenya

Economic policies if implemented to the letter and are free from minimum consequences of corruption and political interference can transform a country to a state of economic vibrancy; wide spread sound infrastructure and responsible political governance.
Vision 2030 is founded on three pillars; economic pillar, social pillar and political pillar. In its Social pillar, the Government is to plan for adequate and affordable housing for its citizens.
The blue print guides policy implementers and stakeholders to aim at producing houses to all income earners at the rate of 150,000 units annually.
True to this policy, the country has currently increased its annual production to between 40,000 and 50,000 units annually according to the Ministry of Housing. However it is important to note that this annual production of the housing units is a global national figure. If one is to go into detail and survey the number of low cost housing for the low income earners, one may notice that the figures are extremely low and perhaps it is precise to say affordable housing is not affordable to all.
One major impediment of infrastructure development in Kenya, ironically it is the law itself.
In the yesteryears, none of the local authorities would approve drawings that did not comply with the good old Building Code of 1969.
With the enactment of National Building Authority Act and subsequent establishment of the National Construction Authority, the landscape of building development is set to change positively. This new law will allow a developer to construct green buildings with unconventional materials like Structured Insulated Panels (SIP) and interlocking bricks. The doors are now opened to more variety of construction materials at very fair prices. These fair prices of materials, should lead to affordable housing.
The law has given the construction industry a further major boost by amalgamating all previous land laws to only three Acts. Namely, the National Land Commission Act, the Land Registration Act and the Land Act.

 The advent of Real Estate Investments Trusts (REITs) is another conspicuous sign that Kenya’s housing industry is not only growing but also maturing. Although the legal framework of how the REITs will operate has not been finalized, the Finance Bill 2012 has catered for its tax exemption. These are tell-tale signs that opportunities are now opening up that should lead to affordable housing.
If one is to track backwards the history of affordable housing in Kenya, perhaps technology would stand out as the most outstanding key factor in response to addressing affordable housing.
Vision 2030 did not exist ten years ago. National Construction Authority Act did not exist ten years ago. But prefabricated buildings did. Green technologies like solar panels and low cost building blocks did.
The Ministry of Housing has been in the forefront in advocating for low cost housing through technologies like Appropriate Building Material Technology (ABMT) and Expanded Polystyrene (EPS).The main objectives of ABMT is to lower construction cost, improve quality and speed of construction. It is believed such technologies can lower cost of construction by 50%.
Other technologies include a hydra form block which is a South African technology which uses interlocking hardened earthen blocks to minimize the use of sand and cement in wall construction. Tevi roofing tile, a technology from Ecuador creates micro concrete roofing tiles for low cost houses.
Publicity has played a significant role in raising awareness of the business opportunities in the property development industry. In the last few years there have been consistent and growing numbers of housing expos, thanks to the housing deficit. The positive consequences are that these expos are bringing together stakeholders, like minded professionals and international investors. This is a good sign because these expos only serve to generate interest and subsequently have knock on effect in bridging the gap of affordable housing. A good example is the recent housing expo organised by East African Housing & Construction Expo 2012 in Nairobi.

 It is a fact that a decade ago there were only two mortgage lending institutions in Kenya. Today because of market demands, available opportunities and possibility to make profits through mortgage lending, there are close to ten banks ready to offer mortgage services. This has meant interbank competition which has favourable effect to would be house buyers. However it has come to pass that no matter how attractive a bank mortgage service may be if the base lending rate of Central Bank of Kenya is high, monthly payments of mortgage will also remain high.
In response to the growing housing deficit, a number of parastatals are now offering subsidized mortgage rates for as low as 5% through internally structured housing schemes. Not to mention that those rates are protected regardless of inflation. Statistics have shown mortgage uptake has gradually increased within such housing schemes especially for the middle class. Sacco’s have not been left behind in playing the role of mortgage lender. One such Sacco is the Stima Sacco. They are aiming at providing affordable housing to its members. The conclusion that can be drawn here is that lending institutions have not only increased in number but in nature and according to the needs of the potential home buyers. And all these should serve as a clear sign that concerted efforts are being made to address affordable housing.
Without no doubt such incentives have paid off and have contributed largely in bridging the gap of the 150 units housing deficit.
By all standards in as far as Africa is concerned, Kenya is among Africa’s top ten countries that has a vibrant, progressive and growing housing industry. Statistics are showing there is still more opportunities to invest in the housing industry but investors should tap more in the sector of low cost housing to address the larger housing deficit among the low income earners. Visit www.nda

WHAT TO KNOW BEFORE GOING FOR MORTGAGE

 In the most basic sense a mortgage is a loan to buy a property. The process of securing a mortgage means lender approval based on your income, credit rating and other debt.

Understand Your Fixed Costs-Before you decide what you can—or should—spend on a mortgage it’s important to take stock of your habits and your true fixed costs. Be honest with yourself when putting together your household budget, if you’re going to be miserable without your daily premium cup of coffee, then along with your student debt and car payments,plan your costs

Paying Off Your Mortgage-

Once you’re approved for a mortgage and buy your home (congratulations!), now you have to actually start paying off the loan. There are several factors involved in this like your interest rate, payment schedule (monthly, twice a month, every two weeks, or weekly) and your amortization period, which is the amount of time you’ve selected to pay back the mortgage (usually ranging from 15-25 years).

PICKING THE RIGHT interest RATE. 

The interest rate at which you select to pay off your mortgage varies from “fixed”—whereby the rate will NOT change for the term of the mortgage, and is generally a bit higher but considered more stable, or “variable” whereby the interest rate can fluctuate with the current state of the market.

CONCLUSION-Owning a home can truly be an amazing thing. Thankfully there are many resources out there to help make the process a smooth one like mortgage brokers and financial advisors, so remember, you’re never alone through this daunting process

WHY YOU SHOULD ATTEND INVESTMENT EXPOS.

 Exhibitions is a business platform for the  real estate sector and others and for investors. You will find representatives of all areas of the supply chain just a few steps from one another: from development, financing and realization through marketing to the operation and use of real estate and other investment options.
Here you are able to network and share contacts with the sellers of various products and services and the investors.
Exhibitions are open to a large and sometimes diverse range of audiences, general public. This provides you with a platform to promote your product or service to a broader group that may have little or no knowledge of your products and services.
Depending on your type of business, product and market testing can be carried out at exhibitions to gain industry or general opinion about your offering.
As investors you are able to find diverse and wide range of products in one room where you can compare the market prices to make a choice where to invest.
Also you get information  from financiers like banks and Saccos on the amounts, interest rates and percentages of plots and mortgages.
In conclusion companies tend to offer exclusive discounts during this period because of the competition and the need to attract clients as depicted by Ndatani ent.during the just ended 23rd Kenya Homes Expo at KICC.

Why you should buy from a property agent

 

Buying a home is one of the most important financial transactions you will ever make in your life. Hiring a trained and experienced Real Estate agent who has market expertise is the logical and smart choice in today’s busy world and fast paced market. In the capable hands of an experienced and well-versed agent, you can be sure to get your money’s worth. Having a pro can save you’re your money and definitely your time. You can find your dream property through a realtor because he will guide you right from the beginning to the end.

The Property consultant or agent will help you take the right decision giving you property related advice such as:

    Smart search- giving you the maximum property options and helping you short list
    Compare and weigh the pros and cons of localities and projects, security, etc.
    Updating you on the latest rates and trends of the real estate market.
    Financial advice and updates on various schemes
    Giving you walk through of the property or a subjective orientation
    Help you with legal advice

The realtors nowadays invoke a long term trusted relationship with their clients at the same time giving premium professional service. There are numerous well-known real estate agencies and consultancies who offer their services to help you buy residential Property. They will help you choose, plan and budget your home buying. There is no harm in buying directly from the builder but most of us do not have the knowledge as to whether the building has a clear title, land deed clearances, etc. It is, therefore, advisable to hire a professional who will take care of all the small details and help you close the deal. They will provide you strategic advice and with the help of their residential and commercial property specialists, deal making will be at hand.

The modern trend is that the real estate companies have different departments that cater to different problems related to a property purchase. So find a good established realtor who will help you find your dream home.

 

HOW TO BUY LAND AS A GROUP.

HOW TO BUY LAND AS A GROUP.
Initial investors are often unable to purchase land without taking on some type of partner. Combining assets and dividing the costs can make land ownership affordable.Food plot supplies, equipment and work can also be shared.But humans don’t always share well. You have to plan for disagreements, no matter how unlikely you think they are to arise.
Like any business deal, it comes down to picking the right partner(s) and establishing a plan for how you will operate as a group. The owners need to share the same vision for the land. It’s important to come to agreements on issues, such as,how payments will be made, what happens if someone falls behind payments or passes away. Do this before any purchase is made. Then, visit a real estate lawyer to get all these agreements in writing.
Typically, in partnerships where individuals own equal shares of the land and new issues arise that are not in the legal agreements, voting is how decisions are made.
There are several ways land partnerships can be set up legally.The most common are putting multiple names on the title thus establishing an equal possession of the land.
At Ndatani enterprises we have proposed an equally affordable way to purchase our schemes without a hassle if you already have  a group or planning for one.We offer terms of payments from paying in cash in a discounted price to paying in instalments or getting financed by a bank.You can arrange to pay a 30% deposit of the land price and start paying via mpesa till number in daily basis for as low as kshs.500 per month per group member in a half year highly reducing the debt.Our schemes are basically in Embakasi-utawala area,Kangundo road,Syokimau,Athi river,Kajiado and Mombasa.
Visit our website at www.ndatani.com or call 0703 845 620 for enquiries and more assistance.

WHY INVEST IN REAL ESTATE?

Ever wondered which way to invest your hard earned money,well,sit back and read these authored reasons researched to aid you save your cash in a growing environs.
A)It's safe (as houses)
There’s a reason why ‘safe as houses’ is a well-known phrase: it’s true.According to survey research land has increased in value at a rate comparable to that of the share market since immemorial – an average of 11.4% per annum – despite recessions and crises. It’s done so without the volatility of the share market, too making it an all-round safer investment.
“When you factor in the return and risk associated with buying property and shares, property wins hands down,” says investor, university lecturer and author Peter Koulizos.
B)It’s easy to get started
You don’t need specialist knowledge to start investing in property:in fact,many property investors didn’t start off intending to make their fortune through property.Instead,they just bought a piece of land.It’s only after seeing the value of their land increase – and realizing how much wealth you can generate – that many investors take the leap and start proactively investing.
C)It’s easier to research than stocks and shares
Playing the stock market requires a lot of education.You have to understand how the system works,understand the complex world of trading(not least the different kinds of financial instruments used),as well as research brokers and fund managers.Once you’ve done this, you’ve then got to get to grips with the companies on the market – which involves trawling the financial press, annual reports, other company releases and so on.
Investing in property,meanwhile, is much simpler:at its most basic,you can simply jump online and start looking at properties. Admittedly, there’s more to getting property investing right than just picking a property, but a significant amount of research can be done online (and is usually either free or inexpensive) or by visiting suburbs,open houses and auctions–without having to garner reams of specialist knowledge beforehand.
D)It’s relatively easy to get finance
It may not feel like it when you’re applying for a mortgage, but lenders like property.Home loans are a major part of any bank’s business model, and lenders are more likely to lend on residential property than any other asset class –as evidenced by the fact that they will lend a higher proportion of the value (up to 95%) and at lower interest rates than any other asset class – including commercial property.This makes it a lot easier to borrow to invest in property than in any other asset class.
E)You can use leverage
Borrowing to invest in property also means you get greater access one of the oldest and most powerful tricks in the financial book: leverage.
You can borrow more when using property as security as compared to using a share portfolio.Lenders will lend up to 95% of the value of the property,whereas they may only lend up to 50 or 60% of the value of a share portfolio.This greater borrowing power allows you to benefit from the capital growth of a larger asset.
Imagine two people in the same job,on the same income, same assets and considered to be a similar risk by the bank,the person wishing to buy a house may be able to borrow some more based on their financial position whereas their workmate may only be able to borrow less to buy a portfolio of shares.
Assuming these both increase by 10% in a year, the person with the property has netted more in capital gain,while the shareholder has gained less.That’s a big difference in just the first year – and remember, the profit’s all yours.Paul Giezekamp,director of Property Secrets,reckons that the greater leverage you can access is “probably the best thing in regards to property.” F)Different strokes for different folks
Property is a remarkably flexible investment: no matter what your financial aims are, you should be able to find an investment strategy that suits you.Common strategies include:
-Long-term capital growth
-Looking to build a retirement nest egg?Long-term increase in value is the most effective way to do this.Property has historically proven its ability to deliver capital gain provided you select the right area with correct supply / demand ratio and demographics.
G)Positive cash flow
Need cash now?Choose properties where rents outweight holding costs.Certain property products like land investments offer exceptional cashflow.This extra money can definitely assist all areas of your life.
H)Adding value
Spotted a shabby old place with potential? You can buy,subdivide or develop and create value out of thin air even through a simple paint job–unlike other asset classes.You can influence the value of your investment by renovating, developing or even altering the use,however there isn’t one thing you can possibly do to change the currency or share market.You can polish your wedding ring but the gold price still drops
I)100% control
If you invest in the share market, you typically need to hire a broker to handle your trades for you, and the value of any shareholding is reliant on market conditions and the actions of the people running that company -introducing an element of uncertainty. This is much less the case in property: once you’ve settled, you directly own the asset and you have complete control over it (assuming you can keep up the mortgage repayments, and within the bounds of planning law).That’s a hugely powerful thing, as it means that you can influence both asset worth (by adding value) and cash flow (eg by land appreciations or if you've built raising the rent)directly–something that’s nigh-on impossible to do with shares in a company.
Visit us www.ndatani.com or visit our offices at Afya center we together engange in the path to property ownership.

 

WHY ONE SHOULD INVEST AT KANGUNDO RD

The Eastern frontier is the next area to invest in I. E along Eastern bypass and Kangundo road. With the construction of Outering road connecting Tajmall near Mombasa road to Thika road at Alsops, and the Eastern bypass land along this areas has appreciated in price significantly in past few years. This is because it has eased the traffic along Kangundo road thereby opening up the small towns along it like Kamulu, Joska , Mala  and even Kantafu.
Also the proposed bypass that will pass through Mlolongo, Utawala, through Kangundo road to connect to Thika road will go along way in opening up those areas and it's neighborhood.
Power is available and well connected around this areas. Water is also available on site mostly borehole making this frontier good for both settlement and speculation.
Land around this place is also affordable E. G a plot measuring 50 by 100  at Ndatani Enterprises goes for 795000 only with all the title fees included. It becomes even cheaper if one buys in cash as there is a 10% discount, there is also a flexible payment terms like of instalments payments and finance can also be organized.
Since venturing into the real estate business, Ndatani enterprises have been able to sell over 1000 plots in Embakasai, Athi River, Kitengela and Bamburi. We still have land available for sale and ready for development and various plots in the said ares. Kindly contact us. http://www.ndatani.com/about-us/

HOW TO BUY VACANT LAND.

HOW TO BUY VACANT LAND.
Buying vacant(undeveloped) land can be a great investment, or means to build a business or home. There are a number of special considerations and concerns when purchasing raw land that need to be addressed before and after the process of purchasing your property. If you take the proper precautions and consult the right lawyers and professionals you can reduce risks and increase the rewards of the land.
Form A Plan by;

1)Determine the reason for buying land
Many questions need to be asked by a potential buyer before buying process starts I.e. why are you buying? There are various reasons to buying raw land;
         farming
         speculation
         building home

2)Come Up With A Budget-Your budget need money for several steps that most other land and home purchases do not, as well as the common expenses of purchasing land. Plan to include money for the following in your budget: down payments, conversions to your intended use, carrying costs which include interest on your loan and any property taxes.

3)Begin Your Search For Available Land.
Once you set your mind what you much want to use the land for and your budget, begin the search for available land in your requirements, on this please visit our site www.ndatani.com or our offices at Afya Center 10th floor. You'll also want to know what properties you border and whether industrial farming or agricultural practices will affect the value of your land. For a good land schemes its free of any easements or the neighbors have any rights of way.

4)Ensure Access to Sewage and Water.
Things that make land useless is lack of  septic system or a water source. If your land has access to water the better or digging a well on your piece.

5)Consider Roads and Topography.
The soil system if you're planning to embrace farming is worth to observe. Take topography and transport very essential. Again check if there is any easement, this means you don't own 100% of your land, a utility company can regularly use it restricting you how to use your land as well as its success as an investment.

6)Know your Rights, and Environmental restrictions.
Its of prime importance you know the rights that come with buying raw land,for example, whether you have the right to anything found on the land I.e oil,natural gas,gold or other materials.To clearly shield and create customer relationship we produce copies of title deeds for our clients to do the search at land registry offices after they have visited the schemes before s/he starts the payments.We always allow the buyer to ask questions for clarifications concerning the land.

IMPORTANCE OF LAND CONTRACTS.

A land contract may be advantageous to both buyer and seller.
Benefits to buyers. 
There may be a buyer interested on our property for sale but because of their credit history or other reasons, cannot obtain approval for a needed mortgage. We can enter into a sale by land contract so that the buyer makes monthly payments directly to the us,the vendor.

Benefits to sellers. 
The seller does not receive the full purchase price up front, like the seller would if the buyer used a mortgage or paid all cash, but the seller may have more options for potential buyers.Also, the seller may be able to negotiate a higher purchase price on the property by offering a sale by land contract. The seller(Ndatani) may also require and receive a large cash down payment.

Buyer's New Ownership of the Land Contract Property
While the buyer is making payments to the seller, the buyer is considered to have an “equitable title” to the property. As an equitable title holder, the buyer has an interest in the land contract property and the seller is precluded from selling the property to a third party or subjecting the property to a lien or encumbrance that would interfere with the buyer’s interest in the property.
The “legal title” to the property thus remains with the seller until the buyer makes the final payment.When the final payment is made, and all conditions of the land contract are met, the deed to the property will be filed with the appropriate government office,such as the county register of titles,naming the buyer as the new owner of the property.

BUYER FAILURE TO PAY THE DEBT IN DUE TIME
If the buyer defaults on the land contract,or fails to make the monthly payments to the seller as required,the firm(seller) can file a court action called land contract forfeiture.Forfeiture will result in the buyer giving up 10% of the money paid to the seller for the property pursuant to the land contract and the equitable title of the buyer will be pulled off.Basically,if the buyer fails to pay, the seller will keep 10% of the money received, plus the seller keeps the real estate.

The seller takes a risk selling by land contract because the he does not receive the full purchase price at the time of sale,but a forfeiture right protects the seller from a buyer who fails to pay allowing the seller keep payments and usually large down payment made by the buyer while retaining the property to offer for sale to someone else.

Expatriates drive take-up of residential properties

Demand for good quality accommodation in prime areas is driven by expatriates, primarily from oil & gas/energy companies, banks and financial institutions sector, diplomatic missions, and aid agencies. In addition, Diasporas have been driving demand up to some extent in Kenya. This has led to a stagnation of development projects, particularly in the mid-market segment. High-end residential property sales remain largely unaffected. Recognizing the need for housing in the low- and mid-market segments, national governments have been making efforts to provide affordable low-cost housing by allowing higher densities within cities and opening up new nodes in the outskirts.

Although, high construction and finance costs are a barrier: The high mark-up on costs is usually the difference between purchase price and transportation costs. Moreover, the lack of easy access to finance, and the high mortgage lending rates has resulted in a stagnating market for home ownership. Furthermore, the poor quality of construction in commercial as well as residential space has resulted in lesser take-up of such properties, leading to dead supply stock in the market.

Take up this opportunity and invest with us at Ndatani Enterprises Co Ltd.

BREAKING NEWS-AFTERSHOCKS, WIDESPREAD DAMAGE HIT JAPAN AFTER 6.5 MAGNITUDE QUAKE KILLS 9,INJURES 800

MASHIKI, Japan (KABC) —
Aftershocks rattled communities in southern Japan as businesses and residents got a fuller look Friday at the widespread damage from an unusually strong overnight earthquake that killed nine people and injured about 800.
Rescue workers were combing through the wreckage in hard-hit areas to make sure there were no more trapped people, said Shotaro Sakamoto, a Kumamoto prefecture official. Concern about aftershocks was keeping many people from starting the huge task of cleaning up, police said.
Prime Minister Shinzo Abe told reporters the government wants to prevent any secondary disasters from aftershocks.
The magnitude 6.5 quake struck at 9:26 p.m. Thursday at a depth of 11 kilometers (7 miles) near Kumamoto city on the island of Kyushu, the southernmost of Japan’s four main islands.
About 44,000 people evacuated their homes and stayed in shelters overnight. Many left the next day, but Sakamoto said he wasn’t sure if many would come back to stay another night, depending on the conditions of their homes and if power is restored.
In the hardest-hit town of Mashiki, about 15 kilometers (9 miles) from the center of Kumamoto city, entire buildings collapsed, roofs slid off, and windows and walls crumbled, scattering glass and debris.
Huge boulder-like rocks tumbled from the walls of historic Kumamoto castle, which was closed to the public Friday.
Five women and four men were killed, the Fire and Disaster Management Agency said. One man in his 20s died; the rest of the victims ranged from their 50s to one woman in her 90s. Eight of the nine victims were from Mashiki.
There were varying reports on the number of injured. The government’s chief spokesman, Yoshihide Suga, said at least 860 people had been injured, 53 seriously. Kumamoto prefecture tallied 784 injured.
Suga said 1,600 soldiers had joined the relief and rescue efforts. TV reports showed troops delivering blankets and adult diapers to those who took shelter.
The area is 1,300 kilometers (800 miles) southwest of Tokyo.
Rescue efforts, repeatedly disrupted by more than 100 aftershocks, continued through the night. Japanese television showed a baby wrapped in a blanket being carried out of the rubble of a home.
Electricity and water service was cut off in some area, and some residents were hauling water from local offices to their homes to flush toilets.
TV broadcasters were urging residents to check on elderly people living alone who might not have been able to escape their homes unaided.
Suga said there were no abnormalities at nearby nuclear facilities. The epicenter was 120 kilometers (74 miles) northeast of Kyushu Electric Power Co.’s Sendai nuclear plant, the only one operating in the country.
Most of Japan’s nuclear reactors remain offline following the meltdowns at the Tokyo Electric Power Co.’s Fukushima plant in 2011 after a magnitude 9.0 earthquake triggered a huge tsunami.
According to the Japan Meteorological Agency, Mashiki sits near two faults on Kyushu. The area is also near Mount Aso, a huge, active volcano. JMA officials said the quake was unusually strong for Kyushu
Courtesy. Eyewitness News

HOW TO PAY YOUR MORTGAGE PAINLESSLY IN REAL ESTATE INVESTMENTS.

Chances are your home mortgage is the largest debt you’ll ever have.How would you

like to pay it it off and run your mortgage contract through the shredder a lot faster

than 30 years for which most homeowners sign up?

Here is a review of some key hints to work on;

1)Try making bi-weekly mortgage payments.

A year has 12months,homeowners make 12 monthly mortgage payments.Buy if you

consider half-sized payments every 2weeks(biweekly)you’ll sort out in 26 half

payments,an equivalent of 13 full payments.Pointfully its like making 13 full

payments every year instead of usual 12.Consult from the lender before youll engage

in mortgage and they’ll advise on how to do it.

2)Pour every bit of your little cash into mortgage.

Dedicate every windfall-raise,bonus or gifts.Obviously,the highest mortgage debt

takes priority .Dont even ask yourself what youll do with your extra bob when it falls

into your hands;add it to to your mortgage payment designating it as additional

principal.

CONCLUSION

Essentially,mortgage debts should or must not brake you from investing in land on

basis of debt headaches.If you plan your payments,for instance using one above hints

it’ll never ever retard you from your investment scenario where your full mentality

is occasioned.

CHAMA INVESTMENT IN KENYA

Chama groups started way back in time with our grandmothers always meeting on Sundays for a cup of tea but not having a constructive agenda on the table. However, the Chama groups in time transformed to business empires and bought properties as members became more knowledgeable on investment issues. Chama groups has so far attracting huge support from leading banks and Saccos, like Rafiki Microfinance bank which organized Chama awards in 2014 and Currently Unaitas Sacco which started as a Chama group and has now introduced a Top Chama Reality Show which runs on Citizen TV to award the best Chama group to tune of 5million Kenya shilling.

A Chama group being an informal cooperative society that is normally used to pool and invest savings by people. The Chama phenomenon which is also called micro-savings group helps in raising substantial amounts that members can invest in areas of interest especially in property. Usually the group members contributes a certain amount of money every month to go to savings for investment.

High Returns on Savings
Case study: A group of 10 members contributing 4,000 per month thus raising 40,000 per month can be able to own a piece of land with accredited land selling companies such as Ndatani Enterprises , for example 50/100 piece of plot in Isinya goes for 445,000ksh  with ready title deed. By the time the Chama group is on the fifth plot, i.e. in 5years the first plot will be worth double the purchase price hence handsome returns eventually each member will be a plot/home owner at favorable contributions per month. This is the easiest way to comfortably own a plot, visit www.ndatani.com.

Land prices pick up pace with over 10% annual increase on average

Analysts suggested the rush by buy-to-let landlords, second home buyers to and buy land to speculate beat the rise in stamp duty had pushed prices up.

Kenya land price growth has picked up to hit an annual rate of 10.1%, a one and a half year high, but could ease in coming months according to the country’s biggest mortgage lender.

The price of an average 1/8^th acre plot rose to Kshs. 500,000 in March, up 12.7% from the month before. Land prices in the three months to March were 2.9% higher than in the final quarter of 2015. The annual rate rose from 9.7% to 10.1%, the strongest since the three months to July 2014.

However, the next two months could see a lull, as Ndatani M.D. Mr. Alex Muema, explained: “Worsening sentiment regarding the prospects for the Kenya economy, falling banking industry and uncertainty ahead of the Kenyan general election in August, 2017 could result in some softening in the land market over the next couple of months.”

But in the long run, land prices are likely to push higher as demand continues to outstrip supply, experts say.

Alex noted: “Current market conditions remain very tight with an acute supply/demand imbalance continuing despite an improvement in the number of properties coming on to the market for sale in recent months. This, together with continuing low interest rates and a healthy labour market, indicate that land price growth is set to remain robust.”

Prices of flats have risen more sharply than prices for other property types since 2008, rising 57% compared with a 37% increase for all residential properties.

Concluding on the experts advice, this the time to invest in property.

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