5 Estates Where You Can Buy A House With Your 50k Salary

Buying a house in Nairobi seems like mission impossible for many but actually it’s not!

There are at least 5 estates where a person with a salary of 50k a month can buy a house if they are properly managing their finances.

Ngong, Rongai, Kitengela, Ruai and Kahawa are hotspots for middle class Nairobians who want to be home owners.

With a salary of 50k, taking a mortgage is the easiest way for anyone within this salary range to own a house in the above named estates.

For instance Co-op Bank Good Home Mortgage loan offers to cover 95% of the mortgage value, meaning that you just have to cater for 5% of the amount if your property is for owner occupation.

In simpler term, if the house you intend to buy is worth Kes 5 million, you just have to raise Kes 250,000 then Co-op Bank Good Home Mortgage loan will cater for the remainder and you get to move into your dream house.

With most condos retailing for Kes 5 million, persons making 50k a month can now own apartments thanks Co-op Bank Good Home Mortgage.