Leading Property Consultancy Reports Surge in African Buyers
Real Estate App launched in Nigeria
And
Indians Bought $US 4.32bn Worth Dubai Properties Last Year
Modern Floors Ghana trains female Artisans
Modern Floors Ghana specialists in Vinyl (PVC/SPC) Tiles (LVT) & Artificial Carpet Grass
(AstroTurf) in partnership with EduGha Institute for Social Development (EISD), has trained &
certified female artisans in Tamale with vinyl tiling& artificial carpet grass installation skills to
equip them for the market.
The trainees were drawn from all regions in the Northern sector of Ghana to participate in the
skill & business acquisition.
In a press release, the companies CEO Mr. Basil David Anthony stated that the participants were
taken through a 2 week intensive training during which they learnt installation skills,
entrepreneurship skills, management skills, customer relationship management, and financial
abilities.
Participants will use their newly acquired abilities to start their own businesses, while some
decided to spread the skill they learned.
Real Estate App Nigeria
Nigeria’s real estate sector received a boost in Benin City, Edo State capital, as an App created
to enable land owners and property agents to buy and sell landed properties has been unveiled.
The App known as Ogabliss App was launched by the owners of Bliss Legacy Limited, a real
estate company that is in the business of buying and selling landed properties.
Unveiling the Ogabliss App, the Consultant, Bliss Legacy Limited, noted that the Ogabliss App
was a step ahead of Bliss Legacy Limited.
He said “Bliss Legacy Limited being a real estate company decided to connect sellers and buyers
of properties on a platform .
The App is being test-run in Benin City, Edo State capital, before spreading its tentacles across
the country .
Going further, Bliss Legacy Limited explained that uploaded properties would only be displayed
on the Ogabliss App after due investigations had been carried out to ascertain the legitimacy of
such properties.
Leading Property Consultancy Reports Surge in African Buyers
Leading International Off-Plan Property Consultancy, LH1 Global, has reported a significant rise
in activity from African buyers at multiple developments across the UK, with enquiries and
reservations from buyers based in Africa up 75% in the past 12 months
Currently, the most popular locations are northern powerhouse cities where multiple regeneration
projects provide more opportunity for value growth.
LH1 Global has secured multiple sales and reservations to African buyers at its residential
developments LOMAX in central Manchester and The Printworks, a former print factory in
Bradford, with the most popular price points ranging from £120,000 up to £352,950.
The majority of purchasers originate from South Africa, Nigeria and Kenya.
Rayna Hunter, CEO of LH1 Global stated that Property in the UK has always been an attractive
investment to international purchasers, as they are drawn by the relative political stability in the
country and the strong performance of home values over the past decade.
London has always been the most desired destination, however, the market has overheated and
overseas buyers are now looking further afield to source the best returns.
We go to Dubai
Indians Bought $US 4.32bn Worth Dubai Properties Last Year
Indians are increasingly investing in the Middle East’s real estate market with the UAE and the
Kingdom of Saudi Arabia being the preferred destinations of choice; industry analysts expect
Saudi Arabia’s real estate industry to flourish as the country’s inches towards achieving Vision
2030, with expectations that the kingdom will parallel that of the UAE’s real estate market.
Indians have been among the leading nationalities to buy real estate in Dubai since 2015, and in
2023, the emirate has continued attracting this investor demographic at a strong rate,.
As it stands today, the UAE remains far and away the most appealing location for real estate
investment in the GCC. Indians have long been intrigued by the prospect of investing in Dubai’s
real estate market due to the high investment rental yields that come with it; the cosmopolitan
city offers a gross rental yield ranging between 6-10%, and an average return of around 7.5% to
provide greater appeal than that of prime locations such as New York, Hong Kong, and London.