If you’ve been dreaming of owning a home in Kenya, the Kenya Mortgage Refinance Company (KMRC) is changing the game. With mortgage rates rising elsewhere, KMRC offers a more affordable way to finance your home, making homeownership a real possibility for many Kenyans. How KMRC Makes Mortgages More Affordable Unlike traditional mortgage lenders that charge higher interest rates, KMRC works with banks,...
Finance
A buyer-leaning market, also referred to as a buyer’s market, is a phase in the real estate cycle where the market conditions tend to favor buyers over sellers. In such a scenario, there is typically an oversupply of properties compared to the number of active buyers. This shift gives buyers more power in negotiations, better pricing options, and a wider variety of properties to choose from. Key...
In recent years, Kenya has made notable strides in attempting to improve access to homeownership, especially for low- and middle-income earners. Government-led programs such as the Affordable Housing Programme (AHP) and mortgage subsidies through institutions like the Kenya Mortgage Refinance Company (KMRC) were designed to make home loans more attainable. Despite these efforts, a significant portion...