By John Kariuki
The Chairman of the Real Estate Stakeholders Association (RESA), Hon. James Kinyua Wairatu, has sounded a powerful warning to Kenyans amid rising cases of fraudulent and unregulated real estate transactions. Speaking with authority and urgency, Hon. Wairatu urged potential investors to exercise caution, stressing that the majority of losses in the property market are preventable through proper due diligence.
“We are seeing far too many Kenyans losing their hard-earned money to unscrupulous developers and fictitious land schemes,” he stated. “These are tragedies that can be avoided. No investment should be made blindly. Before committing to any project, take time to verify the facts, consult professionals, and understand what you're getting into.”
As the voice of the organized real estate sector, RESA has taken a bold step in uniting credible industry players—including licensed surveyors, registered valuers, conveyancing advocates, developers, and financiers—under one umbrella. The goal, according to Hon. Wairatu, is to bring order, accountability, and investor protection to Kenya’s rapidly expanding property market.
“RESA is working to instill trust in the sector by promoting professionalism and regulatory compliance. We are standardizing ethical practices across the board, from title verification and project approvals to transparent payment structures such as escrow accounts,” he said.
Hon. Wairatu particularly warned against the dangers of rushed decisions driven by flashy advertisements and unrealistic returns in off-plan housing and land-banking schemes. He advised investors to always demand proper documentation, land search reports, and project permits before making any financial commitments.
“The real estate sector is a cornerstone of Kenya’s economic development. But without strong oversight and informed investors, it can also become a breeding ground for exploitation,” he emphasized.
As a respected voice in the industry, Hon. Wairatu reaffirmed RESA’s commitment to protecting the integrity of the market and securing the trust of both local and diaspora investors. He called on the public, government agencies, and the private sector to join hands in building a more transparent and investor-friendly property ecosystem.
“Let us not be reactive. Let us be proactive. Before you invest, investigate,” he concluded.
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