Residents of Mavoko sub-county in age brackets of 25 - 40 years have been advised to invest in real estate as long-term investments.
The advise was issued by a Nairobi-based business man and consultant, John Ochieng, who said majority of young people from the region were ill advised on what projects to invest on.
Addressing a group of young professionals from the region at a hotel in Mlolongo town on Thursday, Ochieng said good investments equally yield good returns.
Ochieng said a majority of the residents engaged in businesses and projects without proper market research and consultations thereby end up losing their capital to losses in unsuccessful businesses.
He said the loses discourage victims from going on with businesses since they are at times forced to pay loans in banks with a lot of pain, money which never benefited them in any way.
The consultant argued that though real estates is a capital-intensive venture, its returns are good and able to invest in other businesses thereby allowing owners to diversify their businesses.
He cautioned the participants against looking for short cuts while planning to set up businesses by evading following right legal requirement procedures for business registration and accreditation.
Ochieng also advised young investors to take it positively to remit their taxes to all relevant authorities including Kenya Revenue Authority so as to avoid having problems thereby stalling their businesses.