Tag Archives: mortgage

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 […]

How to invest in Real Estate

By Paul Adede The Kenya National Bureau of Statistics’ (KNBS) annual Leading Economic Indicators Survey released in August this year indicates that the real estate and the construction sector’s contribution to GDP rose from 12.6 in 2010 to 13.8 per cent in 2016. Real estate has consistently outperformed other asset classes in the last five […]

Superior Homes offer unsteady income earners flexible pay scheme

Superior Homes Kenya in September 22, 2015 launched a long-term house payment scheme dubbed Buy Over The Long Term (BOLT) aimed at people with unsteady cash flows and those unwilling or unable to take mortgages. Home buyers can take as long as three years to make payments. Buyers can choose to withdraw from the arrangement […]

Why mortgage uptake still low despite boom

Why is Kenya’s mortgage market still small even though the country is witnessing rapid growth in the real estate sector? Statistics show that loans uptake in the building and construction sector reduced from Sh106.3 billion in 2015 to Sh104.8 billion in 2016. This was a sharp contrast to mid-2010 when the number of new loans […]

What can be done to make housing more affordable

The acute housing shortage in the country is often blamed on the fact that developers have concentrated on building for the high-end market, to the disadvantage of low-income earners. Besides, the cost of property in Kenya is among the highest, not just in the continent, but also in some countries in the West.  For instance, […]

REAL ESTATE SECTOR IN KENYA: A REVIEW OF 2016 AND FORECAST FOR 2017

Kenya’s real estate market like any other in the world operates in cycles. Our cycles tend to start after a general election and end with the next general elections. 2017 will be an election year and the slowdown in uptake, drop in prices and the increasing number of vacancies is a telltale sign that the […]