By Eddah Waithaka
Absa Bank Kenya recently hosted an open day at Maisha Developments in Tilisi, Limuru, engaging homeowners and real estate investors in a dynamic showcase of mortgage opportunities.
The event, held against the backdrop of falling interest rates, highlighted the growing potential for mortgage growth and provided customers with insights into the benefits of homeownership, including insurance covers and attractive financing options tailored to their needs.
Prospective buyers explored three distinct communities within Maisha Developments: Maisha Mapya, Maisha Makao, and Maisha Mema. Each community offers high-quality finishes and a range of options to suit diverse budgets.
Maisha Mapya features two-bedroom apartments starting at KES 6.2 million and three-bedroom apartments from KES 8.8 million. Maisha Makao offers two-bedroom apartments from KES 9 million and three-bedroom apartments from KES 11.3 million, while Maisha Mema boasts three-bedroom townhouses from KES 26.5 million and four-bedroom townhouses from KES 30.5 million.
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Tilisi has emerged as one of Kenya’s most promising real estate investment destinations in recent years. Its strategic location, master-planned infrastructure, serene environment, and proximity to Nairobi have made it a magnet for investors.
With modern amenities, well-developed roads, and a blend of convenience and affordability, Tilisi is redefining standards of living as urban areas become increasingly congested. Banks like Absa are capitalizing on this fast-growing segment by introducing innovative mortgage products and partnering with real estate developers to bridge the homeownership gap.
These efforts are making property ownership more accessible, catering to both first-time and second-time buyers looking to stay, lease, or rent. During the open day, Absa Bank Kenya’s Head of Mortgage, Beatrice Chege, emphasized the bank’s commitment to sustainable finance. “We offer flexible mortgage solutions, including up to 105% financing for properties below KES 10.5 million and up to 90% financing for properties above this threshold. Buyers can also benefit from interest rates as low as 9.5% p.a. for properties below KES 20 million, with a maximum loan amount of KES 10.5 million. Additionally, we provide an extended repayment period of up to 25 years, comprehensive domestic insurance solutions, and a 48-hour mortgage application response time,” she said.
The event also gave prospective buyers the opportunity to interact with Absa’s home loan experts, who provided personalized guidance on the financing process and tailored solutions to meet individual needs.
As Tilisi continues to grow as a hub for residential and commercial developments, Absa Bank Kenya’s initiatives are playing a pivotal role in empowering Kenyans to achieve their homeownership dreams while driving the real estate sector forward.
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