Beware of cons, city real estate investors warned

Investors in Nairobi risk losing millions of shillings to fraudsters who use fake documentation to sell prime land. Most victims purchase land from dealers and agents whose authenticity has been challenged in court but who enjoy powerful connections.PHOTO: COURTESY

Investors in Nairobi risk losing millions of shillings to fraudsters who use fake documentation to sell prime land. Most victims purchase land from dealers and agents whose authenticity has been challenged in court but who enjoy powerful connections.

Now, in Nairobi and Machakos counties, land owners are up in arms against what they say is illegal encroachment on their plots, which end up being subdivided and sold under names of non-existent companies.