Most aspects of the economy will suffer. They are the people who call us every day for ‘chamber and hall self-contain’ and the one or two-bedroom apartment units. Today, real estate consultant, Peter Tsikata (PT) brings us an in-depth analysis as well as outlook for Ghana real estate market: Jumia House Ghana (GH): What are your views of the real estate Market? Executive Secretary for GREDA Sammy Amegah in an interview with Joy FM said so far no real estate … Analysis and Outlook of the Ghana Real Estate Market. Some of them would like to buy properties for their staff who would be coming to Ghana. For sale by Owners, Developers, International Agents, Real Estate Agencies, Law Firms, Accountants, Portals, the total costs of buying and then selling a property, A quick survey of the different areas of Ghana, Contributing is easy and it works for you. GREDA suggests that a minimum of 170,000 housing units is required annually over a 10-year period to offset the deficit, some experts believe that the actual deficit runs in higher figures. Edition 1st Edition. Rental market practice in Ghana is pro-landlord. The real estate market has been segmented into residential, commercial, and industrial. Talk to Sam +1 718 303 2384. So the demand for that segment is also there. Additionally, we recently conducted real estate research in Accra, Ghana. Residential To Let (209) Commercial To Let (83) Industrial To Let (4) Retail To Let (3) Shortlets (39) Buy. Some Nigerians work in Nigeria and they come to spend their weekends in Ghana. Box TB 351, Taifa- Accra, Ghana, 516-737-9537 or 0244450641; … m. Peter Tsikata (PT): The real estate market is potentially great because the demand is there. Nana Kwame Bediako, Ghanaian Real Estate Entrepreneur, Credit: Glusea.com The real estate market is a viable business venture that is lucrative. User registration is disabled in this website. He said, “Our main aim of entering the real estate market … GH: What are the various segments in the real estate market? Peter Tsikata (PT): The real estate market is potentially great because the demand is there. The residential market is the most active, registering an estimated 85 000 transactions per annum over the past decade. I will help you … At R.E.S.C. That segment is quite huge. Now the quality is good; if you go to Airport Residential Area and Cantonments, you will see the quality of construction and the amenities inside the building, which are beautiful and can be compared to any in America or Europe. Some of the avenues include the construction of different property types. Best Neighbourhoods in Accra: Labone or East Legon? The outlook for the country is good, especially when compared with other West African countries, except for Cote D'Ivoire which currently outperforms the subject market in some regard. All. Africa ; Ghana; 66 reports. English is the official language. m apartment would cost about US$200,000, and would rent for around US$1.750 per month, giving a gross rental yield of around 11%. How to become a real estate developer / agent. What is the current status of the real estate market in Ghana? CONClUSION AND POlICY RECOMMENDATIONS 41. Analysis of Ghana Residential Property Market ». Drawing on decades of experience from within the market, the author presents a detailed examination of the real estate market in Ghana and its existing regulatory framework. HOW TO INVEST IN REAL ESTATE IN GHANA. The Real Estate Market in Ghana . Commercial property is the second-largest segment in the market and includes office accommodation and retail space. “Ghana’s economic growth and increasing supply of prime real estate assets make it one of Africa’s most interesting markets for investors,” said JLL. 3 Cohill Road, Valley Stream, NY 11580 P. O. Ghana Limited our real estate experts and consultants, has, over the years actively researched and … Only about 40.4% of households in Accra claim ownership of their houses (57.4% for Ghana), while another 20.5% live rent-free (19.5% for Ghana). East Legon, a suburb of Accra is located 13 km northeast of the city centre and…, A beautiful garden is one of the most welcoming things every home can boast of and if you do not have one,…, Flies are a menace! Pre-termination of Contract: If the tenant wishes to pre-terminate a contract, he must inform the landlord three months in advance. PT: We can divide the market place into three segments- the lower segment, the middle and the upper one. The remaining 1.6% of housing is employer-provided (4.5% for Ghana). By Wilfred K. Anim-Odame. @ 2004-2021 Global Property Guide. The rise of Ghana’s real estate market has been well documented over the past decade, with an impressive improvement in infrastructure. Real estate developers and agent almost do the same work. An Emerging Market in Sub-Saharan Africa. Today, real estate consultant, Peter Tsikata (PT) brings us an in-depth analysis as well as outlook for Ghana real estate market: Jumia House Ghana (GH): What are your views of the real estate Market? Ghana’s Real Estate Market Is Helping The Economy To Recover. JLL’s 2018 City Reports for Accra and Lagos confirm minimal growth across real estate sectors in these West African commercial capitals, with cautious indicators that the impetus is shifting, particularly in Ghana. While parts of the real estate market have slowed in recent years, demand for low-cost housing remains as strong as ever. Please enter your username or email address. Price: $122,000.00 At : Tse Addo, Behind Trade Fair Listed: Feb 14, 2021 Residential property prices are around US$2,200 per sq. Real Estate Industry 2021 - Ghana Market Research & Statistics. These affected the demand in the real estate sector. PT: The market is going up and up because as the population of Ghana grows, the demand is going to be there, more and more investors are coming into Ghana, the economy is going to continue growing. Especially the lazy ones that just won’t move no matter how many times you wave your hands to…. Only about 40.4% of households in Accra claim ownership of their houses (57.4% for Ghana), while another 20.5% live rent-free (19.5% for Ghana). Buy Ghana Real Estate Property, House & Building Plot of Land 2020 will, in many ways, be a hard year for the real estate market in Ghana and the world at large. The Real Estate Market in Ghana book. This segmentation provides an avenue for those who want to invest in the sector.