A modern real estate developer, Mixta Africa, has reiterated that access to adequate and affordable financing is pivotal to closing the homeownership deficit in Nigeria.
The company said financial accessibility could help more prospective homeowners achieve their dream.
According to a statement, the company said this when it handed over keys to 27 new homeowners at Mixta Africa’s Ibudo Wura, an affordable housing estate along the Lekki-Epe Expressway, Lagos.
The firm stressed that the new homeowners brought the number of completed homes at Ibudo Wura across Phases 1 and 2 to 192, affirming the company’s commitment to delivering on its promises to homebuyers.
“The handover builds on Mixta Africa’s more-than-20-year track record of delivering homes across Africa, with more than 30,000 homes delivered to date. Ibudo Wura also demonstrates how access to appropriate financing can support homeownership,” the statement read in part.
It stressed that homeowners were able to access financing with as little as 10 per cent equity payable over six months, interest rates at 9.75 per cent per annum and tenors of between five and 20 years, with indicative monthly repayments from N534,785.
“Financing is available through the Ministry of Finance Incorporated Real Estate Investment Fund,” it added.
Commenting on the delivery of the new houses, the Group Chief Commercial Officer at Mixta Africa, Tola Akinsulire, described the development as a significant milestone, representing the completion of a journey from purchasing a home to taking possession of it.
“Handing over keys is one of the most important moments in our relationship with a customer because it is when our promise becomes tangible. Buying a home is a significant financial and emotional commitment, and customers need confidence that what they have paid for will be delivered.
“Today, 27 more families have taken possession of homes they can call their own. Our responsibility is to keep earning that trust through consistent delivery across our communities,” Akinsulire said.
Speaking on the development, a new homeowner, Mrs Soprinye Banjo, remarked, “What made me buy a home is Mixta Africa’s track record, and knowing that they have authentic titles, there will be no issues and seamless transactions.”
Also speaking, another new homeowner, Tunji Adeyemi, said that he decided to buy into the property because he understands the quality of construction that was carried out.
“I understand the quality of construction that Mixta put into the development, so that’s one of the first reasons I decided to buy Ibudo Wura. Secondly, Lagos New Town is a pretty good place. It’s a place where, in the next five or ten years, you want to retire. So, it’s a pretty nice place where you can live, work and play. These are the two major reasons I decided to invest in Ibudo Wura,” Adeyemi said.
Mrs Yetunde Oyegunle commented, “The estate is beautiful, the home finishing is excellent, and the environment is conducive. I will definitely recommend the developers to anyone interested in owning a property because this is real.”
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