What does buying off-plan mean in Kenya?+
Buying off-plan means committing to a unit before the building is finished, often before construction starts. You pay in instalments tied to construction milestones and take possession on completion. Prices at launch are usually below the finished market value, which is the main reason buyers take the risk.
What are the risks of buying off-plan?+
The main risks are delay and non completion. Reduce them by checking the developer's track record on previous projects, confirming the land title is clean and in the developer's name, and insisting that your payments are tied to verified construction milestones rather than to dates.
How much deposit do developers ask for?+
Most Kenyan developers ask for 10 to 30 percent on booking, with the balance spread across construction stages. Terms vary by project, so ask the developer for the full payment schedule in writing before you commit anything.
What does the completion percentage on a listing mean?+
It is the share of construction the developer reports as finished. A project at 80 percent is close to handover and carries less delay risk than one at 20 percent, though the price usually reflects that.
