KWEMA
MAY -JUNE 2013
YOUR FREE COPY REAL ESTATE NEWS, UPDATES, PROPERTY, ADVICE... KISAJU VIEW PARK, LUKENYA VALLEY, ISINYA PLAINS PROPERTY IN MOUNTAIN VIEW, LORESHO, NGONG ROAD, LAVINGTON
TOP HOMEOWNER REGRETS MORTGAGE RATES EAST AFRICAN RENTS & YIELDS
HOW MUCH SPACE DO YOU NEED? Making Dreams Reality”
GENERAL 4-21, 28-31
For Sale
23
Prime Located Property
24-25
Property For Rent
Letter from the CEO Dear Readers,
ARTICLES AND PROPERTY UPDATES 9
Kenyan Mortgage Rates
10
Spacey Questions When Purchasing; How much Space do you need?
13
International Commercial Real Estate Volumes
There is all sort of development taking place in Nairobi. Apart from the clearly seen roads and rail systems that have been built over the last couple of years; developers are also building apartments, maisonettes, office blocks for rent or for sale. One only needs to stand atop of a tall building and see how Nairobi’s skyline is being transformed. However despite the high quantity of property available many potential buyers do not know where it is, how much it costs and what the market rates are in a certain area. What Kwema realtors does is act as a market place that connects developers/property owners and potential buyers. Kwema Realtors is a real estate company that is based in Nairobi, Kenya. We market property and also advise our clients (and readers of this publication) on how to make proper purchasing decisions. Kwema is a Swahili word that translates to “It is well.”
16 Top Homeownership and Rental Regrets 22
Brazil’s Real Estate Boom! Country has the highest price rise in the world
26 News From Mauritius and Germany 33- 34 Global House Price Index and East African Prime Property Rents and Yeilds
FEATURED PROPERTIES 04
Feature Property Isinya Plains
06 Feature Property Lukenya Valley 14 Feature Property Lavington Green Gardens 20 Feature Property Kisaju View
28 14 room Free Purpose House
The purpose of this property magazine is to inform you – the potential buyer on what property is available, give you up-to-date lending/ mortgage rates and advise you on how to make correct purchases, or make improvements to your property. Happy reading and do keep in touch, Baraka Njagi CEO KWEMA REALTORS
ISINYA Plains. The perfect get away and gated community
ISINYA PLAINS Features: Existing Trenches Semi perimeter wall already built. Purchasor chooses their plot from an available plot plan Different shapes to choose from, view and choose. Extra Features Location:
{ 4
One ½ acre piece of land available for Eight million
}
Thirteen ¼ acre plots at Four million per ¼ acre
30minutes from Galleria
Just off the highway connect- ing Isinya and Ngong, On your right a few meters after Water Wild. Schools:
Brookehouse, Dawamu School, Catholic University, Nazarene University, Dawamu school. Banda School, GEMS International School, Laiser Hill
Development: Orli airport, Crazy wild (ammusement park)
5
LUKENYA VALLEY Development on a 20 acre site Location: 35km from Nairobi and 11km from Mombasa road Just off Kinanie road and 1km from the Greater Eastern bypass that is under construction A few hundred meters from iluluwe golf resort Range of designs available for selection Common theme of brown decra type roofs and natural stone and rendered walls Management company where every plot owner has a share
1.3M
1/6 ACRE
“Enjoy unspoilt views of the Kenyan countryside & amazing views of the Lukenya Hills.”
6
Making Dreams Reality”
Each house will have its own sub-lease. Coming with that sub-lease is a share in the Management Company. The residents will come together to manage the estate and provide improved services for the benefit of all.
“The new road network and improved urban rail systems have opened up the possibilities of commuting further distances to work, without extending the time taken. Lukenya Valley is designed to take advantage of these new opportunities by offering a home in the country but close enough to work in Nairobi.”
Question & Answer
Q Is there a choice of design? A There are a number of different designs to choose from.
Q What other costs are there for me after I have bought the plot? A You will need to pay get local authority approval and then pay for your professionals to begin their work. After that it is the cost of construction.
Q Will there be any Community Facilities? A Two one half acre plots have been allocated for community facilities. The Management Company will decide for which purposes they will be used. Q How do I know who my neighbours are? A The Management Company will be established very early and the names of the plot owners will be circulated.
Q How is security managed? A There will be a 1.8 metre high fence planted with kai apple and bougainvillea. However, the management committee may want to enhance this with stone walls and guards. That will be a Q Will the developer allow people to erect other structures? matter for the residents to decide. A The developer wants this to be a beautiful estate with a strong visual aesthetic. Therefore, Q What if I want to sell the plot in the future mabati structures and kiosks will be specifically without developing it? excluded by the lease agreement. However, A Your plot is yours to sell because you will the residents, themselves, will have ultimate have a sub-lease. The same applies if you responsibility for ensuring that their estate is have built a house and want to sell it later. maintained in the way that they want it.
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7
Runda View 60M
Location: Ruaka
NEGOTIABLE
7.95M
6.85M
3 Bedroom 2 Bedroom
2 bedroom with master en-suite 3 bedroom with master en-suite Each apartment has a Wash/ splash area, Spacious living room and bedrooms, Balcony, Two underground parkings per Apartments
MOUNTAiN ViEW MANSiON Mountain View Estate Off Waiyaki Way Main House
Guest house:
Extra Features:
Sunken lounge and fireplace, dining area, spacious kitchen and pantry, 3 bedrooms (all ensuite with balcony access) 1 master bedroom Basement: Living/ Dining room Kitchen 2 bedrooms (self-contained)
Same finishing as main house Separate from the main house includes: Living room/ dining room Kitchen 2 bedrooms (self-contained) 1 master bedroom And self-contained servants quarters
Tanks for adequate water supply Back-up generator Expansive parking and well manicured gardens
KENYAN MORTGAGE BASE RATES
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Making Dreams Reality”
Barclays 15.5%
I&M 17.5%
Chase 18%
StanChart 15.9%
Family 17.5%
Diamond Trust Bank
KCB 16%
Equity 18%
19%
CFC Stanbic 17%
Housing Finance
Co-op Bank 19.25%
Bank of Africa 17%
18%
NIC 19.5%
CBA 17%
NBK 18%
Consolidated 20%
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REAL ESTATE UPDATES
9
CENTURY GARDENS SPACEY QUESTIONS
Location: Kindaruma Road. Off Ngong Road.
HOW MUCH SPACE DO YOU NEED?
S
purchase.
pace is a very crtical factor when determining whether or not to make a
So how do you determine housing needs before you conduct a search? How Much Space Do You Need? The amount of space and features that you will nedd are determined by you lifestyle and priorities. Are you single or do you have a family? If you have a family are you planning on having more children? Where will the children be going to school? Do you have several guests either family or friends that come over and need a guest room? Do you need a study to work
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from? Are you a business person that works from home, will there be enough space to do so or will you have to work from the living room or a bedroom? Will the parking space in your apartment be enough for your guests or will they have to park outside? These may seem like very many questions however, these are some of the things people overlook then wish they had considered before they invested in a house. Remember that you are buying a house and not renting one, you will need to consider whether the property will meet your needs in the long-term. Set your priorities After you have figured out your spacing needs, location, make a list of your priorities; what size of house do you want, what loca-
Making Dreams Reality”
tion suits your needs; do you want to live next to certain schools, or do you prefer to live next to work? Can you afford to stay further from work but closer to where the children go to school? Are there hospitals/ clinics, police stations next to where you stay? How is the security? Do you want a bungalow, apartment, manssionnetes. Keep in mind that you can’t have the perfect “everything” so make a list stating what you are willing to compromise on and what you are not willing to compromise on. Also remember that this is a 5 – 10 years investment, find out if it will meet your residential / rental needs in the future.
2 bedroom Two spacious open balconies with gardening space 12mm- thick wooden floor High class tiles Imported sanitary and kitchenware Factory-made wardrobes Master with Jacuzzi and all the bathrooms have their own shower cubicle
10M
2 Bedroom
3 bedroom + DSQ Two spacious open balconies with gardening space 12mm- thick wooden floor High class tiles Imported sanitary and kitchenware Factory-made wardrobes Master with Jacuzzi and all the bathrooms have their own shower cubicle
18M
3 Bedroom +DSQ
Extra features: High-speed lift in every apartment block Every apartment has Back-up generator Boundary wall with electric fencing DSTV Intercom with CCTV camera Ample parking space
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11
MUGUMO COURT
JUNCTION APARTMENTS
Location: Off Ngong Road
10% of UNITS LEFT
15M
16M 18M
2 Bedroom All Ensuite Standard
2 Bedroom All Ensuite Premium
3 Bedroom + DSQ
11M 11.5M
3 Bedroom 3 Bedroom +DSQ
Master Bedroom is Ensuite Ample Parking Space Laundry Area Balcony Kitchen Pantry
Location; 200 meters from Junction Mall 48 Units Available
REAL ESTATE UPDATES
Commercial real estate volumes show strong growth in the first quarter of 2013 Update by propertywire.com
Extra Features: Solar panels for water heating Two High Speed Lifts per Apartment Block Gym, Steam sauna, Swimming Pool, BBQ area, and jogging track Data / Ethernet cabling, CCTV, DSTV Two levels of parking
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Making Dreams Reality�
Europe, Asia Pacific and the Americas have seen record strong growth in global commercial real estate volumes in the first three months of 2013. Preliminary data from international real estate consultants Jones Lang LaSalle show direct investment volumes reached US$94 billion, an 8% rise compared with the first quarter of 2012.
The market research covering 60 countries suggests that commercial real estate continues to rank high on the list of acquisitions for investors around the world and the firm says that improving confidence in the global economic recovery and a continued demand for direct real estate exposure continue to push volumes higher with Germany, Japan, and the
Making Dreams Reality�
United States all finishing the quarter strong. All regions show increases over a year ago with the Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific all between 7 to 8% higher than a year ago. Growth in the Americas was driven by increases in the two largest markets of the United States and Canada with growth of 20% and 6% respectively.
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GREEN GARDEN APPARTMENTS Luxurious
three
bedroom
apart-
ments, master en-suite and an enMODERN ARCHITECHTURE AND FINISHING
suite guesthouse. Mahogany T & G floor. Aluminum windows. Spacious pantry, Breakfast table, stove hood for
W
ventilation in each unit. hen you get through the gate of Green Garden Apartments the first thing you notice is the
6 units available. 22million for sale.
modern architecture and finishing. The apart-
ments have been designed with the “ultimate luxury and convenience in mind.� Features: Spacious living area Quality finishing Lift access to all floors Intercom and internet connectivity, DSTV and telephone cabling Jogging track around the compound CCTV surveillance Intercom and peep holes in all main doors
5 bedroom penthouse all en-suite with visitors cloakroom, lounge corner bar, dinning, family room, master bedroom with a mini lounge and large balcony. High quality finishing. Two wings. Three balconies
Fully equipped gym Swimming pool plus baby pool and changing rooms for both gentlemen and ladies
22M 3 Bedroom + Guesthouse
One Unit Available for 45million
Perimeter wall with electric fencing and guard house Standby generator Borehole Entertainment area/ community center perfect for birthday parties and family events Landscaped garden with water fountain Cabro paved driveway and ample parking Wash/ splash area in each apartment.
45M
Located in Lavington on Hatheru Road, off Gitanga road
5 Bedroom Penthouse
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HomeOwnership & Rental Regrets Article by Trulia Consumer Report 2013 Just over half of people – 52% — have at least one regret about their current home or the process of choosing it. (In this analysis, we exclude the 11% of respondents who said they were not involved in the process of choosing their current home.) Renters are more likely to have regrets than homeowners – 56% of renters versus 50% of homeowners – and their regrets are somewhat different, so we look at homeowners and renters separately.
Location: Zimmerman
Four Bedroom with SQ Gated Community Each House has a gate, Car park, Garden Area in the back and front and 4bedroom with Balcony in the master SQ bedroom
15million
Among 34% homeowners, the top regret is wishing they had chosen a larger home. The second most common regret (27%) is wishing they had done more remodeling when they bought the home. The third most common regret is was wishing they had more information about the house before choosing it. Renters have almost similar regrets. They, too, wish they had chosen a larger home: 39% of renters with regrets did, making it the second-most common regret. And, renters, like homeowners, wish they had chosen a home with a shorter commute more so than the other neighborhood features we asked about: better school and less crime. The top regret, though, was wishing they bought instead of rented, which 42% of renters with regrets – Among Millennials – those age 18 to 34 – 70% have at least one regret about their current home or most recent and 23% of renters overall – mentioned. search process. Among Millennial homeowners, 75% have regrets, compared with just 36% of homeowners age 55 and older. Young renters, too, are more likely to have regrets than older renters, but the age gap in regrets is especially stark among homeowners. Kwema believes that this is partly because of a lack of experience and hurry in buying/ or renting. Those over 55 have either had experience or will take time in picking what they want to purchase. Those 18 -34 should not be put off by this, as all it requires of them is to spend a little more time thinking about what they would want to purchase in the coming months or years. How much space do you need? What location would you want to live in? Are you financially ready? How much are you willing to put down as a deposit? Check out page 32 for a few questions several homebuyers/ renters wished they asked themselves before they purchased.
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Storm Park
Making Dreams Reality”
Security Fencing, Play area for the children
Gilead Homes Location: Ruaka, next to the main road, and Ruaka Shopping Center. 10mins from Village Market Features: 2 bedroom Appartment with pantry, splash area and built in cabinets in every bedroom. Manicured Gardens. Ample parking and open space within the compund
5.5 Million
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Zahara Gardens
Fortcom
9M
7.5M
Features: 2 bedroom (All bedrooms have in-built wardrobes) Modern finishes for kitchen, bathroom & bedrooms Kitchen/laundry yard Perimeter wall with electric fence Ample parking Children’s play area Great Location: across the road from Ngong race course
12M
Telegen Gardens
Appartment Development
3 Bedroom 3 Bedroom +DSQ PHASE THREE
3 Bedroom, Master with Ensuite And Guesthouse. Kitchen pantry, Laundry Area, Balcony Play Ground for the Children DSTV and Internet connections
20M
Total of 38 Units in the heart of Lavington
3 Bedroom +DSQ
Location: Lavington 3 Bedroom (all ensuite) +DSQ 56 Units Swimming pool Ample parking Borehole Security Fencing
16M
3 Bedroom
3 bedroom (all ensuite) with DSQ Master Bedroom has a Jacuzi
22M
Private Floor
Block B Stand alone apartments (each apartment has its own private floor) 22million Swimming pool, Borehole, Gym. Completion December 2013
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Kisaju View Park Estate
In close proximity of Konza technology city, International Universities and Jomo Kenyatta International Airport. Features: infrastructure, excellent security, social amenities, schools, commercial and medical centers, electricity connections and piped water. Sewage plant.
Each unit is enjoined in a small community of not more than 20 other units which are built around a sizeable mixed use courtyard that allows for children to play. Each community has its own visitors parking, park benches, greenery and so on.
�Gated community 40kilometers from Nairobi.�
4 bedroom deluxe mainsionette with staff quarters goes for 5.6millon 3 bedroom en-suite bungalow with staff quarters 3.2million 3 bedroom with staff quarters 3million
Location: 60kilometers from Nairobi on the Nairobi-Namanga Road Take a Right Turn, drive for 500meters, then make another right turn and drive for 5kilometers (Follow The Signs). Planned Developments: 1) A kilometer or so from the planned Southern bypass that will connect____. 2)
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Konza Technology city
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Location: Konza 2 acre plots for 3.2 million (1.5km from Mombasa road) Zoned: Commercial
REAL ESTATE UPDATES
10.8 acre plots for 9 million (2 km from Mombasa road) Zoned: Agricultural
House on Bentley Way for sale with a Bentley Brazil’s High Rising Prices Outplace The World Update by Forbes 30/3/2013
According to Knight Frank’s Global Real Estate Index released in March, Brazil ranks No. 3 in the world and No. 1 in the Americas for rising home prices. Brazil housing prices rose 13.7% from the fourth quarter of 2011 to Dec. 31, 2012. By comparison, U.S. housing prices rose 7.3% in the same period, putting it at No. 12 in a list of 55 countries ranked by Knight Frank. The only other country in the hemisphere to make it into the top 20 was Columbia with real estate prices rising 8.3% in 2012. Brazil stands out. And one reason is the low cost of financing. Or at least low by Brazilian standards. Mortgage rates are at least 1.3% a month and loan pay-
22
ments are generally for just 15 years. It used to be that Brazilians bought homes in cash, but not anymore. They are financing purchases with down payments. Since 2009, when Brazilians starting buying homes on debt, mortgage lending has risen five fold, by 550% between then and 2012. According to Brazil’s Institute for Economic Research, or FIPE, housing prices rolled into the end of 2012 in seven capital cities on a high note. Prices in all seven cities — from São Paulo to Rio de Janeiro — rose well above the inflation rate of 5%. At the start of the fourth quarter last year, at the end of September, Brazilian housing prices had already risen by 15% while inflation was not even half that.
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Update by propertywire.com
Enticing buyers can be hard in the current economic climate but one property owner in the UK has come up with a marketing plan with a difference and is offering a luxury car free. The owner of a luxury house in Bentley Way in Stanmore, north London, is offering a black Bentley GTC convertible free with the house. The car has only 19,500 miles on the clock and a full service history. The six bedroom property, called appropriately enough The Bentley, is on the market for £1.87 million and has a swimming pool, home cinema and
is located in a prime spot backing onto Bentley Priory Nature Reserve in what is regarded as one of the most prestigious roads in the area. ‘There are lots of properties advertised all the time and we decided that we wanted do something a bit more original that just an ad in the paper or a for sale sign outside, to create some excitement and get our house noticed,’ said owner Lisa Goodkind.
Advantages: Great opportunity to own strategically located within Africa’s ICT hub at affordable prices Deal directly with original owners that have owned the land for over 50 years Ground breaking by HE Immediate Former President Kibaki already took place
PRIMELY LOCATED PROERTY Location: Off Naivasha Road, 300 meters away from Junction Shopping Center Price 120 Million Negotiable Size: 1/2 an acre Has an already existing 7 bedroom Country House Ample space Excellent property for development
Location Loresho Size: One acre 5 bedroom house Split level with corridors connecting different parts of the house Modern electric fencing all around the compound Several trees and large garden area Water Fountain Excellent for Redevelopment
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“Feel Free to make
Malberry Apartments
any enquiries on what is available to rent in any part of Nairobi.”
FOR RENT
Kilimani, just off Ngong Road. One Bedroom Appartments Fully serviced and furnished @90k One Bedroom not furnished @45k Backup Generator, Borehole, Electric Fencing, Ample Parking, DSTV and Zuku
Location: Lavington 3 bedroom apartments Kitchen Pantry, Master Ensuite, Utility Area, Internet Connectivity, Ample Parking Space (two levels), Swimming pool
3 bedroom @100,000 spacious kitchen and pantry, guest room all en-suite with a seprate entry point Master has a balcony and bath-tub
5 bedroom penthouse @130,000 Spacious Kitchen, living room. Common toilet, Balcony, and two floors. First floor has three bedroooms (two ensuite). Second floor has two spacious all ensuite bedrooms Guest room all en-suite with a seprate entry point,
Extra Features: Lift, Generator, DSTV. ZUKU, borehole, ample parking and security
Location: Ruaka 2 bedroom apartment. master en-suite @32,000 Penthouse gypsum ceiling, wooden tiles. @50,000
facebook.com/KwemaRealtors @kwemarealtors 0727 207313
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Also in Ruaka 5 units of 1 bedroom @ 18,000 20 units of 2 bedroom with kitchen store @25,000
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Executive Appartment
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Mauritius Set For A Real Estate Construction Boom That Centers On Quality Update by propertywire.com
According to government estimates, the real estate sector in Mauritius will be the biggest driver of growth in 2013, providing large scale employment and contributing significantly to its GDP.
Integrated Resort Scheme (IRS) in Mauritius are available at far lower price points than in other areas such as the Maldives where properties of a similar standard would cost around $2 million.
The planned construction boom, coupled with Mauritius’ political stability, a booming luxury tourism market and sound infrastructure make the island a highly popular real estate investment destination. What really sets Mauritius apart from other Indian Ocean islands is that it is far more developed and luxury freehold properties under the
Since 2002, international buyers and their dependent family can become Mauritian residents once they acquire a property on the island, within designated developments, allowing them to also benefit from a 15% flat tax rate in Mauritius.
REAL ESTATE UPDATES
OFFICE SPACE Location: Off Kindaruma road RENT: KES 130 Per Square Feet
Features: 72 office suites on 6 floors 2 High Speed Lifts Standby generator Borehole Water Supply
Office Features: Two Designs: Square and Rectangular Shaped Kitchen and Washrooms (Different for Male And Female) in every Office Store in Square Shaped Offices 1350 square feet (15.5million)
German ’Wise Men’ push for wealth seizure to fund EMU bail-outs Update by Ambrose Evans-Pritchard for The Daily
Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy. Professors Lars Feld and Peter Bofinger said states in trouble must pay more for their own salvation, arguing that there is enough wealth in homes and
26
private assets across the Mediterranean to cover bail-out costs. “The rich must give up part of their wealth over the next ten years,” said Prof Bofinger. The two economist are members of Germany’s Council of Economic Experts or “Five Wise Men”, a body that advises the Chancellor on major issues. There is no formal plan to launch a wealth tax but the council is often used to fly kites for new
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policies. Prof Bofinger told Spiegel Magazine that it was a mistake to target deposit holders in banks, the formula used in the EU-IMF Troika bail-out for Cyprus where those with savings above €100,000 at Laiki and Bank of Cyprus face huge losses. “The canny rich in southern Europe just shift their money to banks in Northern Europe to escape seizure,” he said.
Electric Fence and enhanced Security Features Internet Connectivity Intercom Landscaped Gardens Terraced Restaurant on the 1st floor
Extra Features: Top Floor with Amazing scenery: Meeting Room, Business Lounge, Gym, Sauna and a Top class Restaurant Three Parking Levels Two High Speed Lifts Transparent Roof Borehole, Standby generator, CCTV, Communication ports Complete May 31st
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Level one: UNIT 1 three rooms (one en-suite), sitting room, kitchen.
14 ROOM HOUSE
UNIT 2 three rooms (one en-suite) sitting room, kitchen. (two toilets in each and balcony in the back).
*FREE PURPOSE
Level three: UNIT 1 one bedroom with sitting room.
35 million Negotiable
Basement: one bedroom and care takers house, plus toilet.
Main house/mainsonette: 2 bedrooms, kitchen, sitting room, laundry area, attic for storage Detached unit that contains four levels.
Location: Em-BulBul 5minutes drive from Karen. next to brother Bausang Catholic School
Level two: sitting room, kitchen one bedroom with two such units.
Extra Features: Ample parking, two gates for entry. Guard house. Water storage; water tanks. Space for a tank with 20,000liters
*Please Note: The establishment can be for any purpose of use (serviced apartments, offices, or rent).
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Making Dreams Reality�
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Super Luxury House Features: Three bedrooms upstairs (two en- suite). Guesthouse self contained with kitchen and sitting room (one bedroom house). Gypsum Tiles Slightly less than ¼ acre Two storage systems that combine for a total of 34,000 liters around the compound. Solar heater for water Garden, generator house (with 5.5Kv generator). Extra Features: Interior doors are supplied by “Top-Security System LTD.” Grill for security. Ra zor wire fencing (to be fitted). Fencing, intercom. All multi- lock doors and locks. Four camera CCTV of buyer’s choice. Dog house (kennel). External Storage house for guard. Guard house.
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Location: Off the Kiserian-Isinya Highway Asking Price: 32million Making Dreams Reality”
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#
Trulia Consumer Research Results
Top Ownership Regrets
% of Homeowners With Regrets
1
I wish I had gotten a bigger home
34%
17%
2
I wish I had done more remodeling when I bought the home that I did
27%
14%
3
I wish I had more information about the home before I decided
22%
11%
4
I wish I had put more money for the down payment
18%
9%
5
I wish I had been more financially secure before I decided
16%
8%
6
I wish I had chosen a neighborhood with a shorter commute to work
15%
8%
7
I wish I had more information about the neighborhood before I decided
14%
7%
8
I wish I had worked with a different real estate agent
14%
7%
9
I wish I had shopped around more for a better mortgage
14%
7%
10
I wish I had borrowed less against my home
12%
6%
11
I wish I understood the costs of home ownership before I decided
12%
6%
12
I wish I had chosen a smaller home
11%
6%
13
I wish I had chosen a neighborhood with less crime
9%
5%
14
I wish I had chosen a neighborhood with better schools
7%
4%
15
I wish I had rented instead of buying
6%
3%
16
I wish I had done less remodeling when I bought the home than I did
5%
2%
17
I wish I had put less money down for the down payment
4%
25
18
I wish I had borrowed more against my home
2%
1%
% Of Renters With Regrets
% Of All Renters
# 1
I wish I had bought instead of rented
42%
23%
2
I wish I had chosen a larger home
39%
22%
3
I wish I had been more financially secure before I decided
27%
15%
4
I wish I had more information about the home before I decided
21%
12%
5
I wish I had chosen a neighborhood with a shorter commute to work
18%
10%
6
I wish had I more information about the neighborhood before I decided
13%
7%
7
I wish I had chosen a neighborhood with less crime
11%
6%
8
I wish I had chosen a smaller home
10%
5%
9
I wish I had chosen a neighborhood with better schools
5%
3%
10
I wish I had worked with a different real estate agent
4%
2%
Age Group
18-34 35-44 45-54
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% Of All Homeowners
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% Of Homeowners With Regrets 75% 66% 53%
Global House Price Index Results for Q4 2012 By The Knight Frank Global House
As we near the end of Q1 of 2013 let’s take a look at Q4 of 2012 Price Index rose by 0.3% in the final quarter of 2012 and by 4.3% in the last 12 months. Hong Kong recorded the largest rise, here mainstream prices rose by 23.6% in 2012 Knight Frank Global House Price Index Greece recorded the largest fall in mainstream prices for the second consecutive quarter, declining by 13.2% on average in 2012 Analysis by world region shows house prices in South America experienced the strongest growth in 2012, an increase of 8.4% on average Mainstream property prices in Asia Pacific rose faster in 2012 than in 2011, increasing by 6.7% on average compared to 2.8% a year earlier
Rank
Country
12-month % Change (Q4 2011-Q4 2012)
6-month % Change (Q2 2012Q4 2012)
3-month % Change (Q3 2012Q4 2012)
1
Hong Kong
23.6%
11.2%
6.3%
2
Dubai, UAE
19.0%
9.8%
8.9%
3
Brazil
13.7%
5.8%
2.7%
4
Turkey
10.5%
3.5%
1.2%
5
Russia
10.2%
3.9%
1.4%
11
South Africa
7.4%
6.2%
2.5%
35
Morocco
0.0%
-1.0%
-1.2%
% Of Renters With Regrets 65% 62% 53%
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Nairobi Prime Rents and Yields
Sudan prime rents and yield Prime Rents
Prime Yields
Offices
US$25 per sq m per month
10%
Retail
US$30 per sq m per month
9%
Industrial
US$10 per sq m per month
12%
Residential
US$3,500 per month*
8%
EAST-AFRICA PRIME RENTS AND YIELDS
Prime Rents
Prime Yields
Offices
US$15 per sq m per month
9%
Retail
US$31 per sq m per month
10%
Industrial
US$4 per sq m per month
12%
Residential
US$4,400 per month*
6%
Tanzania prime rents and yields Prime Rents
Prime Yields
Offices
US$21 per sq m per month
9%
Retail
US$30 per sq m per month
10%
Industrial
US$6 per sq m per month
10%
Residential
US$10,000 per month*
6%
Uganda prime rents and yields Prime Rents
Prime Yields
Offices
US$18.50 per sq m per month
10%
Retail
US$25 per sq m per month
14%
Industrial
US$10 per sq m per month
14%
Residential
US$5,000 per month*
9%
YOUR AD HERE
South Sudan prime rents and yields Prime Rents
Prime Yields
Offices
US$25 per sq m per month
12%
Retail
US$25 per sq m per month
12%
Industrial
US$4 per sq m per month
12%
Residential
US$8,000 per month*
12%
Kigali prime rents and yields Prime Rents
Prime Yields
Offices
US$18 per sq m per month
11%
Retail
US$22 per sq m per month
11%
Industrial
US$3 per sq m per month
14%
Residential
US$2,800 per month*
7%
Addis Ababa prime rents and yields Prime Rents
Prime Yields
Offices
US$15 per sq m per month
10%
Retail
US$30 per sq m per month
10%
Industrial
US$4 per sq m per month
16%
Residential
US$4,500 per month*
8%
Source: Knight Frank LLP *4 bedroom executive house – prime location
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