30/01/2025
The month of January 2025 is coming to a close. This month we focussed exclusively on conversations around mortgages in Kenya, the process of securing a mortgage in Kenya, the development of the mortgage market through the Kenya Mortgage Refinance Company and critical considerations one should make before taking the leap into a mortgage.
Our series on mortgages fielded responses to some of the queries we receive when working with clients looking to buy homes and those who have set home ownership as a goal for 2025.
Mortgages provide an option, albeit an option that is largely available to individuals earning a gross pay over Kshs. 70,000 per month. Government policy is ultra-focused on the supply side of the market, through its "affordable housing" program. However, financing of home ownership remains a massive challenge on the demand side. If nothing else, should you be prospecting to become a homeowner in 2025, take the time to understand how mortgages in Kenya work.
https://realestateguru.co.ke/