Cheaper home loans are in the offing following measures taken by Kenyan Finance Minister Uhuru Kenyatta in the 2010/2011 budget. Housing Finance Managing Director Frank Ireri has welcomed the measures arguing it would make it easier for more Kenyans to own homes. He particularly praised the move to allow mortgage companies to operate current accounts to attract low cost customer deposits.
Cheaper homes on the way in Kenya
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
