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Kenya

KCB takes prospective home buyers on property tour

At the moment, the bank’s mortgage rates stands at 12.9 percent for 105 percent financing with a minimum amount being Sh300,000.

At the moment, the bank’s mortgage rates stands at 12.9 percent for 105 percent financing with a minimum amount being Sh300,000.

The KCB S&L Property annual Bus Tour has for six years enabled prospecting property buyers to view several upcoming properties around Nairobi and its environs.

The 6th annual KCB S&L Property bus tour will take place on Saturday 29th November 2014. This year’s event will feature 6 routes from which the prospective buyers will choose from. The routes are well distributed around the city with properties on high selling estates and apartments. All the visitors on the tour will have a chance to interact with the property developers.

Route one will span across Athi River, Kitengela and Kisaju areas. Route two will visit Langata, Rongai, Kiserian and Ngong properties while Route three will be in Lavington, Kilimani, Kileleshwa and Westlands locations.

For Route four, the visitors will be taken to Mombasa Road, Mlolongo, Syokiamu, Mlolongo and Athi River. Passengers who take route five will see properties in Ruaka, Kiambu Road, Ruiru and Thika Town areas. The final route will cut across Mombasa Road, Kangundo Road, Donholm, Komarock and Utawala.

Depending on the preference of the visitors, they will choose from the above varieties. The Property tour is expected to record high numbers in this year’s tour.

The Mortgage lender has been running this annual event and an introduction of regional tours across the year.

The aim is to open up the property market by enabling buyers to engage with the property developers more effectively. Every year the number of visitors increases, a sign that more and more people are opening up to the mortgaging idea.

Currently the Bank is running a digital campaign dubbed “Draw for Zero” that will see a home buyer walk away with a 0% mortgage through the KCB 105% home financing loan in January 2014.

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