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The Engineering Council of Ghana says , the frequent collapse of buildings in several areas
of the nation requires immediate attention.
Gexel Properties to build affordable housing through collaborating and developing
strategic alliances with the government
In International News
Saudi Arabia’s decision to allow foreign investments in the domestic real estate sector has
led to a massive surge in prices, with residential property prices in the capital city of
Riyadh
The Engineering Council of Ghana says , the frequent collapse of buildings in several areas
of the nation requires immediate attention.
According to the Engineering Council of Ghana, the frequent collapse of buildings in several
areas of the nation requires immediate attention.
The Council, which has the authority to control the engineering sector, declared that it had taken
the recent tragedies seriously and that an emergency team would soon be established to look into
the reasons behind the occurrences and sanitize the building sector.
The Registrar of the Council, Wise Ametefe, stated in an interview that the Council would also
create a permanent team that would directly respond to such tragedies in the future and provide
Assemblies with technical support to enforce building laws.
The Council’s action comes after four instances of structures collapsing in less than two weeks,
causing devastation.
In an interview with Wise Ametefe, the Registrar of the Council, he said the Council would also
establish a permanent team that would directly respond to such disasters in the future and offer
technical support to Assemblies to enforce building regulations.
Mr. Ametefe attributed the recurrent events to the Assemblies’ subpar management.
He claimed that initial examinations at the disaster locations had shown that the building owners
either failed to get permits or expanded the structures beyond what was authorized.
Reverend Dr. Bright Adonai, CEO of Adonai Estate Limited, has urged the Ghana
Journalists Association (GJA) and other media professionals to influence the nation’s
future rent laws.
Reverend Dr. Bright Adonai, CEO of Adonai Estate Limited, has urged the Ghana Journalists
Association (GJA) and other media professionals to influence the nation’s future rent laws.
He expressed the hope that the media, through its right to free speech, could work with the Volta
Regional Association of Real Estate Developers (VRARED) to enforce compliance with the
Rent Law, which restricts landlords to only requesting a six-month advance on rent from tenants.
The decision was made by Dr. Adonai in an interview with the Ghana News Agency (GNA) in
Ho.
In order to lead the charge, the Real Estate Association would create the Volta Housing
Development Fund.
The Fund would create cost-effective residences to bridge the housing gap .
Gexel Properties to build affordable housing through collaborating and developing
strategic alliances with the government
Gexel Properties, a pioneer in Ghana’s real estate sector, has added a distinctive neighborhood in
the city’s center to its portfolio of affordable homes.
Diamonds’ is the ideal place to own a home, according to Berchie Acheamfour Junior, General
Manager of Gexel Properties.
Gexel Properties aims to build affordable housing through collaborating and developing strategic
alliances with the government, paying special attention to the low- and middle-income earners.
residences from a class of well-designed two-bedroom apartments to affluent, opulent residences
tailored to satisfy every possible client are included in the company’s inventory. G
The company aspires to be a market leader, an innovator, and a significant player in Ghana’s
fiercely competitive real estate market.
In International news
Saudi Arabia’s decision to allow foreign investments in the domestic real estate sector has led to
a massive surge in prices, with residential property prices in the capital city of Riyadh registering
a 60 percent spike in the last six months, a latest research said.
The Saudi property market is also expected to see a quantum jump in foreign investments,
especially from countries like Russia, the UK and the European Union, the report by Realiste, the
Dubai-based proptech said.
The Saudi authorities announced early this year allowing foreigners to purchase assets across all
segments of real estate in the country. This followed the 2021 directive allowing foreigners and
legal residents of the country to purchase a single property with certain conditions.
Industry analysts see the move on allowing foreign investments in real estate as part of the
country’s strategic plan to diversify its economy by promoting investments in non-oil sectors in a
big way.
This funding will lead to the development of 1.3 million housing units,” an industry insider said.
Industry experts said the expected large-scale migration of young Saudis from rural areas to
cities in search of employment opportunities will also add to the demand for residential
properties.
Riyadh alone is expected to see the addition of 100,000 new homes by the end of 2023.