Youth urged to invest in real estate.

Broadborders Cooperative Housing Society Chairman Jeremy Karemeri presenting a title deed to Mutirima Developers  Self-Help Group.

About 80% of the youth are reluctant to invest in real estate for fear of being swindled or with the excuse of never having enough money to buy land at all.

Speaking during title deeds issuance say at Sagana, Broadborders Cooperative Housing Society Chairman Jeremy Karemeri acknowledge that much need to be done to help the youth venture into this lucrative investment, saying that being the majority and the future of this country, it was just prudent not to leave this industry to the elderly.

"As an organisation, we have embarked on a campaign to sensitise the youth on the need invest in land. We have already rolled out a campaign in all the eight Counties of Central Kenya Region and some parts of Meru and Embu to ensure that we sensitise as many of them as possible," said Karemeri.

Some of the youth we spoke to intimated that the real estate industry was for the rich and the elderly hence the youth cannot afford to buy land.

26-year old John Macharia narrated how his father convinced him to join the housing cooperative and invest on land, which he said he has been paying bit by bit.

He lauded Broadborders Coopertaive for allowing him to pay in small and affordable installments which had made it possible to achieve his goals.

Macharia intends to build a house on his plot once he finishes paying for it and urges fellow youths not to be discouraged and invest on land.

Christine Wanjiru is another youth who agreed to invest on land after much convincing by staff of broadborders.

She says she was scared of joining the housing cooperative out of stories that she used to hear of people being swiddled off their money.

However, she urges the youth to copy their parents in land investment.

In a bid to support the governemnt’s Big Four Agenda, Karemeri has said that Broad Borders Housing Cooperative has embarked on construction of housing in a bid to ease housing problem in the Country.

“We are now working on our Phase two project next to Murang’a University College”. He said.

The Project will comprise of over 200 units that will help ease housing problem in Murang’a.

During the event, over 1,200 members received their title deeds. 

The chairman urged those who have not cleared their payments to pay out and collect their title deeds, admitting that indeed there has been a slack in members’ payment of their dues.