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NCBA Expands Sustainable Homeownership Solutions to Kenyas Coast
Advertisement NCBA Expands Sustainable Homeownership Solutions to Kenyas CoastNCBA is deepening its commitment to affordable and sustainable homeownership by rolling out its Solar Leasing solution to Kenyas Coast region.The bank also showcased its flexible Easy Build financing solution during the Mombasa Property Investment Tour, giving aspiring homeowners and investors practical pathways to own, build, and power their homes.The initiative comes as Kenyas coastal property market records strong growth, driven by infrastructure expansion, rising diaspora investment, and growing demand for residential and holiday homes.Coast Emerges as a Property Investment HubThe Coast region has become one of Kenyas fastest-growing real estate markets. According to Knight Frank, Mombasa contributes 4.9% of the countrys Gross Domestic Product (GDP), while prime residential property values increasingly rival those in Nairobi.Major infrastructure projects, including the Dongo Kundu Bypass, continue to unlock new investment opportunities. At the same time, master-planned developments in areas such as Vipingo are attracting buyers seeking long-term capital appreciation alongside quality lifestyles.Despite this growth, many prospective homeowners still struggle with affordability, financing, and navigating the property buying process.Flexible Financing Meets Growing DemandTo address these challenges, NCBA has introduced integrated solutions that simplify homeownership.Its newly launched Solar Leasing solution enables customers to install clean and reliable solar energy systems without making large upfront payments. The solution allows homeowners to spread the cost over time while reducing dependence on conventional electricity.The bank also continues to offer its Easy Build financing solution, which allows customers to purchase land and construct homes in phases based on their financial capacity. This approach gives homeowners greater flexibility while easing the financial burden of building.During the Mombasa Property Investment Tour, customers explored these financing options while visiting developments such as Ocean View Ridge, Kingswood Park, Awali, and Pazuri.Participants also engaged with legal advisors, valuers, property developers, and NCBA financial experts. The sessions covered legal due diligence, mortgage planning, affordability assessments, insurance solutions, ownership documentation, and risk management.NCBA Expands Sustainable Homeownership Solutions to Kenyas CoastBuilding a Complete Homeownership EcosystemNCBA has steadily expanded its property financing footprint across the Coast. The bank now manages a mortgage portfolio exceeding KSh1.1 billion in the region and has partnered with seven property developers in Mombasa.Beyond traditional mortgages, the bank offers up to 105% mortgage financing, enabling customers to cover not only the purchase price but also related expenses such as legal fees and valuation costs. This significantly lowers the upfront capital required to own a home.For customers constructing larger developments, NCBA provides construction financing linked to project milestones. The bank further supports borrowers through its in-house technical team, including quantity surveyors who help monitor construction progress.The introduction of Solar Leasing strengthens this integrated approach by allowing customers to finance, build, and sustainably power their homes through a single financial partner.Supporting Kenyas Sustainable Housing AgendaKenya has made significant progress in expanding electricity access, with nearly 80% of the population connected to power and urban access exceeding 97%. However, energy reliability remains inconsistent in several coastal areas.In Mombasa, fewer than half of households rely on electricity for lighting, while only a small proportion use electricity for cooking. Meanwhile, one in five Kenyan households has already adopted solar energy solutions, reflecting growing demand for cleaner and more dependable energy sources.NCBAs Solar Leasing solution responds directly to this shift by making renewable energy more affordable and accessible for homeowners.The Mombasa Property Investment Tour also served as a platform for relationship-building between customers, financial experts, legal professionals, and developers.NCBA says the success of the Coast engagement reinforces its strategy of delivering innovative financial solutions that make homeownership more accessible, flexible, and sustainable.Building on this momentum, the bank plans to roll out similar property investment engagements across the country. The initiative aims to connect more Kenyans with financing solutions, expert advice, and property investment opportunities that support long-term wealth creation.The post NCBA Expands Sustainable Homeownership Solutions to Kenyas Coast appeared first on Africa Business News.
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