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Originally published by Nation Businessbusiness
October 19, 2024
11mo ago
Interventions needed to curb real estate fraud

In many cases, investors are to blame when they are scammed of their hard-earned money...
✨ Key Highlights
Real estate fraud in Kenya is escalating due to the rise of rogue land brokers and surveyors, leading to significant financial losses for individuals. Effective human and systemic interventions are required to combat this issue.
- Over the past decade, cases of fraud involving land brokers and surveyors have significantly increased.
- Job Kariuki, a director at Zani Properties, emphasizes the importance of land searches and legal representation.
- Victims have lost large sums, such as Sh300,000 by trusting unregistered agents and Sh50,000 to fraudulent surveyors.
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