Affordable housing to lift mortgages sector

The number of Kenyans seeking to buy homes with bank loans is expected to triple over the next three years.
Kenya Bankers Association (KBA) said they estimate mortgages to rise to around 66,000 from the current 26,000 due to interventions by the government to create the Kenya Mortgage Refinancing Company and the market adjusting to supply affordable houses.

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SA listed property: Opportunity knocks

From March 2003 until December 2017, the JSE South Africa Listed Property Total Return Index (Sapy) returned on average 22.6% annually, outperforming both the All Bond Index (10.1%) and the All Share Total Return Index (14.5%). Since January 2018, however, the Sapy has depreciated by almost 20.5%.

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AFRILAND PROPERTIES PLC LAUNCHES ARTFRICA COMPETITION

The #AfrilandArtFrica competition is aimed at encouraging artists from across the continent to create masterpieces that represent Africa and the African spirit. Artists, painters, sculptors, dancers, musicians, drummers, etc. have the opportunity to submit their entries for a chance to win the cash prizes for our top 3 entries.

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Omoluwabi Mortgage Bank sees improvement in Q1 2019 turnover

Turnover realised by Omoluwabi Mortgage Bank in the first quarter of 2019 rose by 3.7 percent to N125.1 million from N120.6 million same period last year. The Q1 2019 turnover amounted to 27 percent of N460.9 million turnover the firm made in full year 2018, implying that it stands a good chance to surpass the 2018 record in full year 2019. Interest income for the period rose to N54.6 million, a 93 percent increase over N28.3 million realised in similar period in 2018. Net interest income for the period rose to N42.3 million, which was twice as much as N21.7 million recorded at the end of the first quarter of 2018.

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NHF loans, subscribers and Great Expectations

Recently, maybe and just maybe, the National Housing Fund (NHF) scheme has improved according to the management of the Federal Mortgage Bank of Nigeria (FMBN) which oversees its operations and disburses its loan applications through applicant’s preferred primary mortgage bank (PMB).

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How to minimise expenses during building construction

Planning is very important strategy in evry aspect of life. With planning, one can graduate his expenses to match available sources of income. For those who do not want to spend much money during building construction quality materials are important. Building construction takes different processes but monitoring and supervision will maximise the efforts put in the construction.

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How Garden City is coping with real estate slowdown

The last 10 years have seen an exponential increase in the number of residential and commercial properties available for sale and renting in Nairobi. Among such properties is Garden City, Kenya’s first mixed-use real estate project offering shops and family entertainment, including Kenya’s largest iMax Cinema, residences (both apartments and family townhouses), a range of amenities and commercial offices within one development.

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