IMPACTS OF ACCESS TO SOURCE OF FINANCE ON GROWTH OF REAL ESTATE INVESTMENT IN KENYA; A CASE OF KAJIADO TOWNSHIP

Loonkishu Emily Nashipae, Dr. Julius Bichanga

Abstract


The purpose of the study was to establish the impacts of access to sources of finance on growth of real estate investment in Kenya, a case study of Kajiado Township. This study's background looks at the challenges facing real estate growth globally, before narrowing the focus to the country, the region, and finally to Kajiado and how real estate growth has been prevailing there. The statement of the problem reflects on what many investors are concerned about, which is why real estate in Kajiado town does not compare to other up market areas like Nairobi, Nakuru or its neighboring Kitengela town. In order to achieve the objective, the researcher structured the research questions in a way that allows the respondent to provide the researcher with concrete information. The target population comprised of 15 property owners, 10 financiers, 20 property owners and 15 institutional managers. A sample from each category was selected using the stratified sampling method. A questionnaire and direct interviews were used to collect primary data, while mortgage finance institutions and land agencies were contacted for secondary data. Statistical Package for Social Sciences (SPSS) was used to classify and analyze the data. There was a clear indication that access to finance has a great contribution towards enabling individuals and firms to investment in property. The study suggests that developers in the housing sector should collaborate and establish partnerships to secure more affordable financing options.

Keywords: Access to Finance, Growth,  Real Estate Investment


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