Housing is a physiological need that every human needs.
The demand for housing will increase in tandem with the growing population, accelerated by the fact that land surface remains constant hence more pressure on land to be sustainable.
The current trend worldwide is for Rural to Urban Migration, pushing more and more people into urban areas. This has resulted to Gentrification of most urban areas.
Gentrification, the process where a neighborhood becomes popular with wealthier people, and the poor residents are priced out
Urbanization
A majority and growing proportion of the world’s population is living in urban areas. The share of the world’s population living in urban areas is expected to increase from 55 per cent in 2018 to 60 per cent in 2030 (UN, 2018). In 1950, 30 per cent of the global population was living in urban areas.
Most of the world’s fastest growing cities are in Asia and Africa. Between 2018 and 2050, the urban population of Africa is projected to triple and that of Asia to increase by 61 per cent, so that by 2050 most of the world’s urban population will be concentrated in Asia (52%) and Africa (21%}
Solution.
A4architect.com offers a solution to housing for land owners in urban areas owning small plots but lacking the finance to construct. A4architect.com works with the land owners to create sectional properties out of these small plots of land, sell a portion of the sectional properties to the market and use the proceeds to finance construction of their own houses.
Get in touch.
Land owners looking to resolve a housing problem around urban areas in Kenya can contact a4architect.com using the below contacts.
The easiest way to start a rent-free journey in Kenya is to buy 2 portions of and, wait for a few years for the prices to appreciate then sell off one portion and use the proceeds to build on the other vacant portion left.
In case one only has 1 portion, its still possible to use the same concept to raise capital to build your rent free house or a house to bring in rental income.
Sectional Property.
a4architect.com utilizes the new sectional property laws in Kenya to come up with say 5 sectional property portions in a prime 1/8th piece of land whereby the land owner can sell off the 4 portions to raise enough capital to build on the remaining portion.
This is an easy way to ensure you own your house and avoid the monthly landlord visits when rent is due.
Location
Any prime location around the country where the price of the 1/8th portion of land is more than kes 4m is good for this method of raising capital since the portions sold off through sectional properties act ownership will raise sufficient funds to build a moderate 2 bedroomed house on the remaining portion.
Contacts.
Land owners willing to try this method of home ownership can contact a4architect.com using the below email.
