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ConstructAfrica Report Unveils Lucrative Investment Landscape in Ghana
Pan-African Real Estate Webinar Series in Nigeria Charts Path for Industry Growth
Forbes Global Properties expands operations to Portugal
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In a recent report by ConstructAfrica, Ghana’s construction sector emerges as a prime investment destination, renowned for its stability and business-friendly conditions.
Government-driven initiatives, marked by substantial investments in infrastructure and strategic policies such as “One District, One Factory” and “Agenda 111,” have propelled rapid growth.
This surge has not only attracted local and foreign investors but has also led to the establishment of numerous construction companies.
The report said the construction landscape in Ghana offers diverse opportunities across commercial, residential, industrial, and infrastructure projects.
Fueled by government support and a growing demand for development, the sector is on a promising trajectory.
This report delves into the key factors driving Ghana’s construction boom and the lucrative prospects it presents for investors.
In other news
Mrs. Vicky Sampah, Managing Director/CEO of Abri Group of Companies in Ghana advocated for affordable mortgages in Africa during a Pan-African Real Estate webinar.
She highlighted the inaccessibility of mortgage loans in Ghana, with rates of 12 to 20 percent, urging collaboration and advocacy for change.
She emphasized the integration of Property Technology (Proptech) and Artificial Intelligence (AI) in real estate, provided ethical considerations are observed.
Mrs Sampah stressed the need for regular discussions, collaborations, and actions to overcome challenges hindering the sector’s growth.
Still staying on this
The Pan-African Real Estate webinar series, organized by Nigerian Institution of Estate Surveyors and Valuers in Lagos, addressed other crucial issues in the continent’s real estate.
Real Estate Experts in Africa stressed the importance of trust and cooperation for real estate service growth, while emphasizing the impact of the political landscape on property investors.
Chairman, Governing Council, Real Estate institute of East Africa, Uganda, Mr. President Johnbull Amaevbo commended the organizers for the forum and expressed concerns about some countries not signing the AfCFTA agreement on the service aspect.
In International News
Forbes Global Properties has announced a partnership with Modern to allow the company to expand its presence in the luxury residential market in Portugal.
The real estate agency focuses on the property market with an average price of more than €7.5 million.
Created in 2020, Forbes Global Properties was “founded and led by the most important luxury residential brokerages internationally and is an exclusive consortium of top real estate companies representing many of the best homes and properties for sale around the world.
Source : African Home Building Magazine – Joycelyn Marigold & Diana Okyerebea
