The influence of strategic financing options on real estate growth in Kajiado county Kenya
Njuguna, Catherine N
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The researcher undertook this research study to establish the factors that influence the financing options and real estate growth in Kajiado County. The study was conducted in Kajiado County on September 2016 as census survey for all 16 real estate developers companies. The objectives were to establish how strategic financing options influence real estate growth and challenges faced by real estate developers such as escalating cost of acquiring land and bureaucracy in acquiring finances. Among the areas reviewed include: strategic financing options to developers, background information of the company and challenges facing the developers in accessing finances. Conceptual framework was also covered and the study adopted descriptive design. The researcher was able to conduct a census on all the fourteen out of the sixteen real estate developer in Kajiado County. The study used primary data collected through structured questionnaires which were dropped to the respondents and picked from them after response, checked for any error. Data coding was done and then entered into Statistical Package for Social Sciences (SPSS, Version 22.0) for descriptive analysis using frequency, percentage, mean and standard deviation and the results was explained through graphs, pie charts, tables and their interpretations was done. The results indicated that for the real estate industry to perform well a proper way of managing challenges should be put in place. The real estate developer sector has received increasing attention in recent years. From the study the researcher found out that the most sales products is mortgage, and that the major source of fund was regular bank loan however not all the loan application has been approved due to lack of financial document. The study further indicated that the major factors that influenced amount borrowed was the size of the project. Additionally high cost of land and construction cost had appeared to be the major challenges facing the real estate growth hence the conclusion is that to achieve growth in real estate the government should come in to regulate the cost of land, put in good infrastructure and easier access to capital or finances.
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