Hello and welcome to Property Express Video News
Our top stories
CEO of Devtraco Group Lauds Government for shaping the urban landscape
Jobomax Homes and Easy Housing to bring affordable, high-quality housing solutions to Ghana
In International News
House prices in London have decreased by 0.6% over the past year.
CEO of Devtraco Group Lauds Government for shaping the urban landscape
John Entsuah, a Business Executive CEO of Devtraco Group has lauded the government for taking an active role in shaping the urban landscape.
In an article posted online he said a testament to this commitment is the National Affordable Housing Program, officially launched on August 1st, 2023, in Pokuase, with none other than President Nana Akufo-Addo presiding over the inauguration.
According to him,this collaborative effort, orchestrated jointly by the Ministry of Works and Housing and private real estate developers, serves as a prime example of the fusion of public and private initiatives to provide accessible housing solutions.
He expressed hope the upcoming Woodlands Housing Project, spearheaded by the Devtraco Group, strategically positioned on a nearly 600-acre expanse in the Prampram-Ningo region along the Accra-Aflao highway, serves as an illustration of a deep comprehension of market dynamics.
The project would harness the cost efficiencies of suburban land and tackle the growing demand for affordable and mid-income housing in the nation.
Jobomax Homes and Easy Housingto bring affordable, high-quality housing solutions to Ghana
Jobomax Homes, the most reputable home builder in West Africa, and Easy Housing, a pioneering force in wood frame construction across Africa, have officially entered into a Memorandum of Understanding.
This collaboration aims to bring affordable, high-quality housing solutions to the local market in Ghana, catering to both recent and historical diaspora.
The partnership will introduce two initial home models, each available in two finishing options, empowering landowners to establish permanent structures on their properties and thus enhancing their land tenure security.
Additionally, one of the models, featuring two to three bedrooms, holds the potential to serve as an ideal modest first home for small families.
Still staying on this
Keith Williams, Director of Anglophone Markets at Jobomax, said by integrating Easy Housing’s designs with Jobomax’s existing upscale offerings in Appolonia City, they are able to tap into two distinct markets in Ghana:
He said it would assist those seeking affordability and those who appreciate Jobomax’s model but possess their own land in Ghana for development.
These innovative designs particularly suit individuals within the diaspora or local buyers who already possess land and aspire to acquire a spacious dwelling with a minimal investment.
Jobomax Homes is a renowned real estate development company known for its commitment to crafting exceptional living spaces.
With a proven track record of delivering high-quality residential projects, Jobomax Homes focuses on creating communities that seamlessly blend modern design, sustainable practices, and functional comfort.
Their attention to detail, innovative architectural concepts, and dedication to customer satisfaction set them apart in the competitive real estate market.
In International News
House prices in London have decreased by 0.6% over the past year. This marks the first downturn observed in any region since the market virtually halted in the spring of 2020 due to the pandemic.
Contrastingly, the broader UK housing market saw an average price increase of 1.7% in the year leading up to June.
This rate is slightly down from the 1.8% growth observed the previous month. In real terms, the average house price across the UK has now reached £288,000.
While this figure is £5,000 more than the previous year’s average, it still falls short of the peak recorded in September by £5,000.
Interestingly, between May and June, house prices recorded a 0.3% rise, offsetting the 0.3% drop witnessed in the month prior, when adjustments for seasonal fluctuations were made.
Regionally, the North East saw the most modest average house price of £161,000. Meanwhile, London, despite its recent decline, continues to boast the highest average house price, standing at a hefty £528,000.
Still staying on this
Wolf Bierens from Easy Housing enthusiastically remarked, the partnership with Jobomax fills them with great enthusiasm.
Easy Housing has already achieved remarkable success in East Africa, delivering cost-effective plans, exceptional craftsmanship, and a streamlined assembly process.
Each house the company constructs captures approximately 10 tons of carbon dioxide, enabling homeowners to lead comfortable lives while contributing to the fight against climate change. L
Leveraging Jobomax’s expertise in community development in West Africa synergizes perfectly with our proficiency in design and construction.
According to him, they are eagerly anticipating the rapid scaling of this venture to produce thousands of homes annually, marking a substantial stride towards a more environmentally conscious and decarbonized building sector in Ghana.”
They anticipate strong interest from Black Americans, as well as recent diaspora, who seek their first homes in Ghana, alongside local residents who can progressively build their dream homes.”
In International News
Chinese policymakers are facing calls to do more to prop up the ailing real estate market after the largest property developer, Country Garden, warned of multibillion-dollar losses and missed bond payments.
The world’s 138th largest company, according to business magazine Fortune, said last week that due to a “decline in sales in the real estate industry,” it was on course to lose between $6 billion and $7 billion in the six months from January to June 2023.
Until recently, Country Garden appeared to have been spared from the real estate downturn that took hold in China during the pandemic when the government of President Xi Jinping placed limits on how much debt property developers could take on.
.Source : Joycelyn Marigold & Diana Okyerebea Property Express News