Property Valuation in Kenya: Costs, Process, and Timelines
Introduction
Whether you are buying, selling, or financing real estate, a property valuation in Kenya is a crucial step. Valuation determines the fair market value of a property and ensures transparency for both buyers and sellers. This guide explains the costs, process, and timelines of property valuation in Kenya.
What is Property Valuation?
Property valuation is the process of estimating the monetary worth of a property. In Kenya, it is carried out by registered and licensed valuers who follow guidelines from the Institute of Surveyors of Kenya (ISK) and the Valuation for Rating Act.
Why Property Valuation is Important
- For Buyers: Ensures you are not overpaying for a property.
- For Sellers: Helps set the right asking price.
- For Banks: Required before approving mortgages and loans.
- For Government: Basis for stamp duty and land rates.
See also our article on hidden costs of buying property in Kenya.
Property Valuation Process in Kenya
Step 1: Instruction
The client (buyer, seller, or bank) engages a registered valuer and issues instructions.
Step 2: Inspection
The valuer visits the property to assess:
- Location and accessibility.
- Size and acreage.
- Construction quality.
- Amenities and services available.
- Current market conditions.
Step 3: Data Collection
The valuer gathers information on comparable sales in the area and prevailing market trends.
Step 4: Valuation Report
A detailed report is prepared with the property’s market value, forced sale value, and other relevant details.
Costs of Property Valuation in Kenya
Valuation fees are regulated under the Valuers Act (Cap 532). The recommended scale is:
- 1% of the property value up to KES 2M.
- 0.25% of the excess value above KES 2M.
- Minimum charge: KES 15,000.
For example, if a property is worth KES 10M, the valuation fee is approximately KES 35,000 – 40,000. Some valuers may also charge inspection and report writing fees.
See our article on finance for property purchases in Kenya for related insights.
Timelines for Property Valuation
- Residential Properties: 3–5 working days.
- Commercial Properties: 5–10 working days.
- Large or Complex Properties: May take up to 2–3 weeks depending on size and documentation.
Common Mistakes to Avoid
- Using unlicensed valuers — only registered valuers are legally recognized.
- Relying on rough estimates instead of official reports.
- Not providing full property details to the valuer.
- Ignoring valuation updates when market conditions change.
- Failing to budget for valuation fees early in the transaction.
Frequently Asked Questions
How much does property valuation cost in Kenya?
Valuation fees are regulated and typically range from 0.25%–1% of the property value.
Who pays for property valuation in Kenya?
Usually the buyer or the bank requesting the valuation.
Is valuation required when buying property?
Yes. It is mandatory for bank financing and strongly recommended for cash purchases.
How long is a valuation report valid?
Typically 6–12 months depending on market conditions.
Can I negotiate valuation fees?
Fees are regulated, but some valuers may allow flexibility on additional costs.
Final Thoughts
A property valuation in Kenya is a vital step in making safe and informed real estate decisions. Understanding the costs, process, and timelines helps buyers, sellers, and investors avoid costly mistakes.
At Sarabi Realty Group, we connect clients with licensed valuers and guide them through every stage of property acquisition and investment.
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📧 Email: sarabirealtygroup@gmail.com
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