The concept of rent-to-own properties, at what is termed “zero interest”, is one that was started a little over two years ago.
It has caught on in Kenya and continues to attract a good pool of middle-income earners.
The concept is hinged on instalment payments, which tend to be high in the first two years (being the construction period).
Once the building is completed, for the next four years purchasers who have already taken possession of the apartment continue to live in the apartment and pay reduced-instalment payments.
This real estate investment continues to attract a lot of interest in 2020.