A survey of factors affecting house acquisition through mortgage financing in Kenya
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Date
2014-07-11
Authors
Mohamed, Abdi Sheikh
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Abstract
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.
Description
Department of Business Administration, 70p. 2012, HG 2040.45 .M6