5 Reasons why YOU NEED property in Ghana

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athompson

Joined: Mar 2024
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5 Reasons why YOU NEED property in Ghana


Are you fascinated by Ghana’s real estate market and keen to invest in one of Africa’s fastest-growing economies? In this video, Lorraine dives into the top five reasons you can’t ignore Ghana’s booming real estate sector. From the high demand for housing and the rise of the middle class to diverse investment options, a growing rental market,…

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15 Comments

  1. This was an good in-depth analysis, we need more of this. Same sentiments as others about property being overpriced but your analysis still stands!

  2. A lot of people in the diaspora are able to buy homes abroad because they have at least a 15 year mortgage at rates under 6%. In Ghana it’s a whole new terrain. The properties are outrageously priced and the mortgage rates are unreasonable. The sellers want their money in 18 months and every one is looking for people abroad to buy these properties. For me I think it’s safe to look into buying land from a reputable company and buy outside Accra and take your time to build. However, if you think you can buy these house over 150.000 dollars and can pay that amount in 18 months then I will say go for it. What ever rocks your boat.

  3. Here! Here! Sis! I advise Diaspora inveztors to look at the emerging or potential areas for tourism and agribusiness booms in Ghana. Greater Accra is now out of reach and Eastern and Central regions will be there soon. Look at opportunities now in the Volta and Savannah regions where both tourism and agribusiness will expand. I bought riverfront property in Akosombo and beach front property in Prampram, 20 years ago when people thought we were mad. Land was very affordable and we developed both in to hospitality investments. Both areas would be out of reach for us now, but it is a constant reminder to be willing to take some calculated risks and forecast the potential of an area of region and buy ahead of the demand and wait.

  4. I don't think most people need convincing about owning property in Ghana. I think the real need is how it can be done safely, affordably and getting real value for your money. Some of the properties on the market are simply outrageously priced! Thanks, Lorraine, keep educating.