RESA Chair James Kinyua Wairatu Warns Kenyans Against Fraudulent Real Estate Deals
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By John Kariuki
Nairobi — Real Estate Stakeholders Association (RESA) Chairman, Hon. James Kinyua Wairatu, has issued a stern warning to Kenyans amid a surge in real estate scams that continue to defraud unsuspecting investors across the country.
Hon. Wairatu urged potential property buyers to exercise caution and undertake thorough due diligence before investing. “Too many Kenyans are falling prey to rogue developers and bogus land schemes,” he said. “These are avoidable losses. Don’t invest blindly—verify everything.”
RESA, which brings together registered valuers, licensed surveyors, legal experts, developers, and financiers, is working to standardize best practices and restore trust in the sector. Wairatu emphasized the importance of regulatory compliance and ethical conduct, highlighting the role of escrow accounts and verified project documentation in protecting buyers.
He warned particularly against enticing advertisements promoting off-plan housing and land banking with unrealistic returns. “If it sounds too good to be true, it probably is,” he cautioned.
RESA’s mission, according to Wairatu, is to create a professional and transparent real estate environment that attracts both local and diaspora investors with confidence. He called on government agencies, professionals, and the public to collaborate in ending fraudulent practices and strengthening sector governance.
“Let’s be proactive, not reactive. Before you invest—investigate,” he concluded.
With rising real estate fraud, Wairatu’s call serves as a timely reminder that vigilance and verified information are essential to safe and successful property investment in Kenya.
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