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Kenya

HF to offer property rental services

NAIROBI, Kenya Feb 10 – As demand for rental properties intensifies across the country, mortgage financier Housing Finance has expanded its business range to cater for such clients.

Housing Finance Head of Mortgage Finance David Maveke says the venture into the rental market comes at a time when the rental management industry is grappling with unreliable agents.

"I am sure clients will positively embrace our new concept and will also enjoy dealing with a reputable firm like ours as we offer personalised services towards achieving their desired rental unit at our one-stop shop.  I am sure the experience will be great," Mr Maveke said.

Most agents charge clients for viewing the premises and charge the landlord some letting fees which are often exorbitant which result in hiked rental prices.

"At Housing Finance, we help you identify your ideal property or tenants and we do not charge you for the visits we make while trying to identify a suitable unit for you," he said.

A recent property index by Hass Consult shows that real estate developers are moving out of Nairobi to smaller towns, aiming to tap rising demand for residential houses that the high cost of land in the Kenyan capital has left and adding a new dimension to property market growth.

Housing Finance is aligning with such developments to compete favourably in the rental market.

The service will be available in all its 10 branches in Mombasa, Thika, Nakuru, Nyeri, Kisumu and Eldoret.

Housing Finance has created a property mart dubbed Property Point that serves as a one-stop point for property developers, estate agents, suppliers of housing and construction materials and customers designed to make the process of property acquisition easier.

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Clients can now use the Property Point to scout for housing within their expected rental ranges.

Property Point has entered into strategic partnerships with suppliers of building and construction materials such as cement manufacturers, tiling, paint manufacturers, cabling, to make all these services accessible under one roof.

Housing Finance also has a fully-fledged project finance unit to finance property development.

The activities of the firm span across a range of property development types including residential, retail, office and industrial markets.

Follow the author at https://twitter.com/MjKaranja

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