Investor expresses fear over the rising cases of unclaimed properties in the country.

Jeremey Karemeri the Chairman Broad Borders Housing and Cooperative Society.

A real estate investor has expressed his fears over the rising cases of unclaimed properties in the country.

Jeremey Karemeri the Chairman Broad Borders Housing and Cooperative Society says that cases where people bought property without informing either their spouses or their children were on the increase, leading to the loss of such investments in case they died.

Speaking while issuing title deeds to members at Kayuyu in Murang’a County, Karemeri reckoned that time was ripe for young adults and children to get involved in family investments.

He said that his organisation had embarked on a program to educate and sensitise members on the need to involve the young generation in matters investment and also inculcate a culture of investing among the young people. This, he said, will go a long way in protecting family investments for generations.

Karemeri cautioned people to be extra careful while buying land and property as the sector had now been infiltrated by so many fraudsters and cons who disguised as property agents only to end up fleecing unsuspecting investors of their hard earned money.

“Before committing to buy any property, you need to do due diligence to know the authenticity of the land and also the integrity of the agent or the seller in question. That is why you need to buy land from reputable cooperative societies where members are guided by common rules and principles of operation,” he said.

The chairman hailed the concept of devolution in the country as it had opened up so many area through the provision of essential amenities.

“Previously, Nairobi, Mombasa and Kisumu were the only urban setups that could be regarded as cities. However, devolution has offered opportunities to the other 44 counties to upgrade into cities,” he pointed out.

He appreciated the fact that the development of social amenities such as roads and electricity has opened up rural areas. 

As a result, his organisation has heavily invested in research to enable them identify high potential area they can invest in so as to help their members to reap high returns in their investments.

“Profit is key in any investment. That is why we offer our members investment opportunities in such areas before such development comes. This is what we have done here at the Kayuyu Project,” he explained.