Property Express Video News 29/09/23

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Prospective Tenants in Ghana are faced with house hunting challenges

Engineering Council Investigates Building Collapse in Ofankor, Accra

In International News

Israel Land Authority (RAMI) has published a local tender for blockchain consultants.

Prospective House hunting challenges in Accra

In a recent article published on Pulse Ghana, the process of hunting for rental houses in Accra is likened to searching for water in a desert, and it appears that these agents have mastered the art of making this pursuit even more challenging.

The report said for people contemplating a move or seeking a new place to reside, they must brace themselves for enlisting the services of these agents.

Additionally, they might be asked to pay a “viewing fee” before they even set eyes on the property. It added that once a place that feels like home has been found, get ready for the grand finale of financial surprises. a 10% commission that goes directly into the agent’s pocket.

The report urged people embarking on house-hunting journeys to be prepared for a thrilling expedition filled with hidden fees, unexpected property transformations, and unforeseen detours.

Engineering Council Investigates Building Collapse in Ofankor, Accra

The Engineering Council in Ghana has launched a thorough investigation into the recent collapse of a three-story building located in Ofankor within the Ga North Municipality of Accra.

The incident, which unfolded in dramatic fashion, was captured in a viral video that began circulating on social media on Saturday, September 23.

Fortunately, the collapse did not result in any casualties, but the exact cause of the structural failure remains shrouded in uncertainty. The collapse has raised concerns about building safety and construction standards in the region.

In response to the incident, the Engineering Council, in collaboration with the National Disaster Management Organization (NADMO) and the Ghana Police Service, promptly visited the site to conduct a preliminary assessment of the damage. Their primary objective was to ensure public safety and to gather initial information that could shed light on the causes of the collapse.

Still staying on this

The investigation into the collapse of a three-Storey building in Ofankor, Ghana, faces challenges as the owners and caretakers cleared the debris from the site against instructions from the Engineering Council.

This obstruction makes it harder to conduct a detailed forensic investigation into the incident. The Council emphasized that tampering with a crime scene is a crime itself and can hinder investigations.

This collapse is part of a troubling trend of building collapses in Ghana, highlighting the need for stricter construction standards and safety measures.

The Council remains committed to uncovering the truth and ensuring accountability.

In International news

A month ago, the Israel Land Authority (RAMI) published a local tender for blockchain consultants.

The plans include registering assets and managing licenses, transactions and (rental) agreements with smart contracts, tokenization of real estate: purchase, sale, rental, investment, distribution of profits, building an exchange for trading tokens and receiving royalties.

As context, last year the Boston Consulting Group forecast that asset tokenization could reach more than $16 trillion (about $49,000 per person in the US) by 2030, with almost 20% of that in real estate.

Arguably, Japan is the most advanced jurisdiction when it comes to tokenization. Real estate backed digital securities dominate the market.

Source : Property Express News -Joycelyn Marigold

Property Afrik is an international property website with a unique technology to save location data for enhancing sales, management and self-service property trading

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