Financing

Even savvy buyers often focus only on the sale price and forget the extra statutory costs that come with any apartment purchase under Kenya’s Sectional Properties Act. In Nairobi you should budget significantly more than the purchase price for these mandatory charges. Key hidden costs include: Stamp Duty: 4% of the property value (urban rate) Land Registration Fees: ~Kes 500–1,000 (flat fee) Owners’ Corporation (Management) Fees: incorporation and share issuance costs (see