Home Business NBK, real estate firm in off-plan funds deal

NBK, real estate firm in off-plan funds deal

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Business Daily | by James Kariuki


National Bank of Kenya (NBK) and Costa Homes yesterday launched an off-plan housing development account where buyers’ funds will be held until delivery of their completed units.

NBK managing director Paul Russo said the savings plan seeks to eradicate instances where developers use pre-sale funds for development of housing units with some failing to deliver the units as agreed.

“We are giving assurances to Kenyans and even our diaspora community that you can buy houses off-plan with…

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