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Diaspora Losing Cash To Relatives In Property Scams

A real-estate developer says Kenyans receiving money for property investments from relatives in the diaspora have turned into fraudsters, forcing many to stop investing. Enkavilla Properties chief executive Meshack Muhoho said investors have to engage established real-estate firms with past records of completed projects when seeking to invest back home. “Look at organisations with a […]

Foreign buyers are snapping up Spanish property, including the grand yellow-brick ABC Serrano mall in Madrid’s poshest shopping district, a Spanish symbol of tradition and elegance. Like shops, offices, and apartments across Spain, it has been snapped up by foreign buyers, who are streaming back a year after economists were warning the country faced ruin. “Since this summer […]

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Nairobi dropped 10 places in a ranking of the world’s hottest high-end property markets as the high cost of loans and political uncertainty slowed appreciation of house prices. The Wealth Report 2013 by global property consultancy Knight Frank shows average property prices in Nairobi’s high-end estates rose by 10 per cent in 2012, placing Kenya’s […]

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