Mixta Africa, a prominent real estate developer, has announced its leadership in providing innovative housing financing solutions to address the housing gap in Africa.
One of their successful initiatives is Mixtaflex, a payment plan that utilized Federal Government mortgages to deliver over 350 homes. Two years ago, Mixta Africa introduced Duo, a groundbreaking rent-to-own scheme. Since its launch in September 2022, Duo has already sold out two cycles, showcasing its potential to revolutionize the affordable housing market.
Product manager Gboyinde Sodipo stated that Duo aims to be Africa’s premier privatised rent-to-own scheme, offering a new financing pathway for individuals to own homes. The process is simple, requiring a low equity payment, annual fixed rents for up to three years, and the option to pay the balance through outright payment, instalments, or mortgages.
Duo offers numerous benefits such as low property acquisition costs, the ability to live in the home while making payments, and reducing the outstanding balance with each payment. It is designed to make home financing more accessible, allowing individuals to transition from renting to owning without high upfront costs.
Sodipo emphasized that Duo enables individuals to live in their homes while making payments, bridging the gap between renting and owning. Mixta Africa’s Duo rent-to-own scheme is a game-changer in the affordable housing market, poised to increase access to homeownership and bridge the housing gap in Africa. As Duo gains momentum, the vision behind this innovative scheme is becoming a reality, one home at a time.
Source link