A survey of factors affecting house acquisition through mortgage financing in Kenya
Mohamed, Abdi Sheikh
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Mortgage industry has experienced tremendous growth in.the recent years with the institutions in the industry having to increase their investment in order to take full advantage of the opportunities available. On the other hand many civil servants are unable to access these mortgages due to high costs in terms of interest rates, conditional ties, and many other factors related to homeownership. The study seeks to establish and evaluate the factors influencing home ownership by civil servants in urban centers and more specifically the study is to look at factors that influence home ownership in National Housing Corporation. This study will benefit various stakeholders which include Government, organizations, consumers, researchers, in respect to policy formulation, buying decisions and knowledge enhancement as regards the subject. The methodology to be adopted is stratified random sampling. The population of interest in the study is to consist of clients in six Estates of National Housing Corporation (Ayany, Olympic, Onyonka, Highrise, Kibera and Uhuru Garden). The sample population is 1000 clients 50 are to be selected. Both primary and secondary data will be used. Primary data is to be collected using self-administered questionnaires while secondary data will be obtained from Company journals, web site, articles and brochures. The data will be s analyzed using descriptive statistical methods including measures of central tendencies and tables, graphs and pie charts. The end results will be the determination of factors influencing home ownership and how best such factors will be managed. The limitations of the study include time constraints, unreturned questionnaires may lead to wrong conclusions and recommendations made.