Can Foreigners Bid at Kenyan Property Auctions?
Global Interest in Distressed Assets
As the Kenyan market matures, international bidders are increasingly looking at distressed assets. Under the Auctioneers Act, foreigners can participate, but they must navigate specific hurdles regarding land tenure (99-year leases vs. freehold).
The Shift to e-Auctions
By 2026, the government's e-GP portal has standardized the bidding process. International bidders now require a verified KRA PIN and must register at least 48 hours prior. We explore how to manage the 10% deposit requirement via international wire transfers.
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Paul Kamau
Senior Market Analyst at Murivest Realty Group with over 10 years of experience in commercial real estate investment and market research. Sarah specializes in identifying emerging market trends and investment opportunities in Nairobi's commercial property sector.