Hopes for Cheap Loans Dimming
Hopes for Kenyans to get cheaper loans are dimming further after parliament declined to pass the amendments to cap interest rates on loans in April. Borrowers are likely to be subjects of expensive loans for a long while as experts predict that The Central Bank of Kenya is likely…
11% Increase in Profits for Housing Finance
Housing Finance has released its unaudited financial results for the first quarter of 2012 (January-March) and has reported an 11.4% increase in profits after tax over the same period last year. The company’s loans and advances to customers have increased 39% from KES 20.36 billion as of 31st March…
Your Rent Might Increase Soon
Expect an increase in your house rent as the tax-man targets landlords in the quest to expand Kenya’s revenue base. Kenya Revenue Authority (KRA) is preparing to register all properties in the country’s major towns with the expectation that it would help catch landlords who are not paying…
Save 2 Million KES While Buying Your Plot
Buy a plot, save 2 million shillings, win-win.
2 weeks to save 2 million as you buy a plot in Migaa
I&M Bank Ranked Cheapest Mortgage Provider
According to a report released on Wednesday by The Mortgage Company, I&M Bank is the cheapest mortgage provider in the country. I&M is retailing mortgages at 19%. Bank of Africa on the other hand was ranked most expensive as it retails mortgages at 28%. Last year the rate on mortgages…
HASS: Property Prices Stagnant, but Rent Prices on the Increase
Hass Consult, a property development and management fim, yesterday released the results of the Hass Property Index for quarter 1 of 2012. The Hass Property Index is a measure of how housing prices and rents are moving. In brief, the figures were…
So You Need a Loan to Finance Your House Huh?
Project Finance. That is what Housing Finance, one of Kenya’s biggest mortgage lenders is calling the service. The innovation, aimed at both aspiring and established property developers, is based on a type of financing based on anticipated cash inflows or income of the property being developed. Simply, the…
Finally, A House You Can Afford
In the recent past, Kenya has witnessed a growth spurt of housing estate developments, from Edenville, Edenville Two, Tatu City, Migaa, Sahara Ridge, One Red Hill, Kihingo Village, Fourways Junction, Vipingo Ridge, Konza, the “city of dreams,” to the hundreds of apartments…
NSSF To Build 30,000 Houses in Mavoko
The National Social Security Fund is planning to build 30,000 housing units in a mixed residential development in Mavoko. This comes as the Government is urged to change its approach to the current housing delivery methods. Focus has been on providing housing for the high income earners and…
Property Developers Biased to Residential Buildings.
Property developers have in the recent days preferred to develop residential buildings which have a shorter payback period as opposed to commercial real estate. Data from the Kenya National Bureau of Statistics shows that the value of residential building plans rose from Sh66 billion in…
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