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The Chartered Institute of Realtors (CIR) officially launched in Accra
Forum on unlocking Africa’s potential in the construction industry to be held in Kenya
In International News
Covid 19 impacted fractional ownership of real estate in India
The Chartered Institute of Realtors (CIR) was officially launched in Accra
The Chartered Institute of Realtors (CIR) was officially launched in Accra by the Chief of Staff at the office of the President, Akosua Frema Osei Opare.
She Staff highlighted the primary objective of the initiative, which is to enhance the skills of real estate developers.
She said the launch is a complementary effort by the government to advance secure and professional real estate practices in Ghana.
Mrs. Osei-Opare conveyed President Akuffo Addo’s enthusiasm for the establishment of the Chartered Institute of Realtors (CIR) and its potential contribution to the nation’s socio-economic progress.
She acknowledged existing challenges, committing to a strategic approach to address housing and road construction deficit. highlighting the imperative nature of the platform.
Still staying with the launch
Mr. Firas Jaber, the CEO of the Institute, justified the necessity akin to other esteemed professional bodies such as those representing Marketing, Accountancy, Law, and various other domains.
He highlighted the pivotal role of Real Estate as the cornerstone of Tourism, underlining the interconnectedness of life with this sector.
He emphasized that the primary aim of the CIR (Center for International Real Estate) is to provide top-tier professional services and training on a global scale. Their focus is on delivering training and education of exceptional quality to meet and surpass international benchmarks.
He articulated that their vision encompasses organizing seminars and workshops addressing pertinent topics within the industry.
Mr. Jaber hinted at a diverse range of courses, spanning Real Estate Taxation, Surveying Principles, Asset Management, Real Estate Pricing, Real Estate Development, and Property Insurance.
Mr. Jaber highlighted the global trend, where economically advanced countries have harnessed real estate as a propellant of their developmental agendas, generating employment opportunities for a diverse workforce. Cities like Dubai, Abu Dhabi, Barcelona, Egypt, and New York
Dr. Rebecca Atswe Lomo praised the Institute’s leadership and issued a cautionary note regarding the prevalence of fraudsters and scammers within the real estate industry.
Forum on unlocking Africa’s potential in the construction industry to be held
A forum on building a sustainable future: Unlocking Africa’s potential in the construction industry will be held on September 7, 2023 in Nairobi , Kenya.
With its population set to double by 2050, and more than 70% of existing building stock in 2040 still to be built, Africa is one of the fastest-growing continents.
This presents significant challenges, as buildings contribute to 61% of Africa’s final energy consumption and 32% of CO2 emissions.
Additionally, the current resilience of buildings against the impacts of climate change is low, as more than 50% of African citizens are living in informal housing.
The way buildings are designed, constructed and used today therefore has crucial impacts not only on the climate, but also on the lives of current and future generations.
This event aims to provide the keys to transformative change in Africa’s construction sector, highlighting that while there is no one-size-fits-all answer when addressing the future building demands in the continent, traditional sustainable construction practices should be preserved and further developed to enable affordable and climate-adaptable housing.
In other News,
The COVID-19 pandemic triggered a significant surge in retail investment in India, with fractional ownership of high-value commercial properties emerging as a popular avenue due to its potential for high returns, ease of tracking, and diversification benefits.
It is well known that retail investment in India surged dramatically during the pandemic and continued .
While this growth was likely, not many would have guessed that it would happen so quickly, and the adoption would cut across various traditional and new age financial instruments, including mutual funds and real estate.
Perhaps, Indians have always had an affinity towards the real estate industry. But complex processes and soaring prices have restricted most investors to the residential market and deterred them from investing in commercial real estate.
Source : PE Live -Diana Okyerebea & Joycelyn Marigold