Tag Archives: Buy Over Long Term

Interest rate cap laws pushes Kenya real estate developers to alternative financing models

NAIROBI, KENYA: For years, property developers have had to contend with high land costs (grew by 19.4 per cent over the last five years), high construction costs (normally 70 per cent of total project costs), and lack of requisite infrastructure. They have had to rely on financial institutions and their own resources to meet such costs. But […]

WHAT IS BOLT PAYMENT PLAN AND HOW DOES IT WORK

By Paul Adede Buy Over Long Term abbreviated as ‘BOLT’ is an off plan payment model designed by Superior Homes to allow prospective home buyers purchase a house in Greenpark estate within 1 to 3 years. ‘BOLT’ model was conceptualized to give potential home owners an opportunity to buy a house in Greenpark over long […]

MORTGAGE PAYMENT VERSUS BOLT

By Paul Adede In simplest terms, a mortgage is a long-term loan designed to help the borrower purchase a house. In addition to repaying the principal, the borrower is obligated to make interest payments to the lender, and the home and the land around it serve as collateral. Buy Over Long Term abbreviated as ‘BOLT’ is an off plan payment model […]

Attractive Real Estate Deals for Kenyans in Diaspora

By Paul Adede Kenyans living overseas are constantly sending money home whether for investments, to support family members or save. With regards to diaspora remittances, data from Central Bank of Kenya in mid-2017 puts the figures at $1.72 billion (Ksh172 billion) worth of remittances, meaning that for three years running, diaspora remittance remained the country’s […]

Try Before You Buy ‘TBYB’ experience & ‘BOLT’ Buy Over Long Term

The ‘Try Before You Buy’ experience Superior Homes prides itself in rolling out innovative products for Kenya’s growing real estate market. The ‘Try Before You Buy’ concept was conceptualized to give prospective home buyers an opportunity to experience the lifestyle that has been created by Superior Homes at Greenpark. Superior Homes has a fully furnished […]