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Business Insider Report Highlights Ghana as a Prime Destination for Real Estate Investment in Africa
University of Ghana Improving Student Housing with Private Partnerships and Construction Projects
Over 50 deals worth US$26.6bn sealed during Real Estate Future Forum in Saudi Arabia
In our first story
A report by Business Insider, highlighting the top African countries for real estate investment shed light on promising opportunities across the continent.
In this exploration, Ghana stands out as a compelling destination, characterized by stability and growth in its real estate sector.
The report underscores Ghana’s commitment to democracy, reflected in its impressive Fragile State Index score of 63.
It said the effective economic policies implemented by the Ghanaian government have contributed to currency stability and reduced inflation, creating a favorable climate for both property investors and businesses.
The report noted that Ghana’s real estate market presents a lucrative proposition with rental yields ranging from 19.3% to 22.0%, promising attractive returns for investors.
In a related development
The Real Estate market in Ghana is poised to achieve a market value of US$458.50bn in 2024, with Residential Real Estate expected to dominate .
The projections suggest a steady growth rate of 5.48% from 2024 to 2028.
The report stressed the need for collaborative efforts to address the demand for affordable housing through accessible mortgage rates and technological advancements in the sector.
Additionally, it urged stakeholders to leverage this growth potential to foster innovation, explore sustainable practices, and ensure a balanced and inclusive real estate landscape,
addressing the diverse needs of the population.
It further called for continuous monitoring and adaptation to market dynamics for sustained success in this evolving sector.
In more news
The University of Ghana is actively enhancing student housing, collaborating with private partners to expand accommodation.
The Vice-Chancellor, Professor Nana Aba Appiah Amfo, announced progress at a graduation ceremony, highlighting ongoing construction of the Diamond Jubilee Hostel, GUSSS student hostel, and PhD apartments.
The university aims to prioritize traditional hall allocations for fresh undergraduates using a fair Open Randomized Bed Allocation System.
This improvement addresses increased enrollment, currently reaching 63,820 students.
In International News
The Real Estate Future Forum in Saudi Arabia witnessed the sealing of over 50 deals totaling approximately $26.6 billion.
This indicates a substantial boom in the country’s property sector.
The event, themed “The Power of Resilience: Building a Sustainable and Prosperous Real Estate Future,” focused on exploring innovations, addressing key challenges, discussing emerging trends, and promoting sustainable financing solutions within the property market.
Additionally, discussions highlighted the impact of natural factors on the industry and emphasized the nonprofit sector’s integrative role in serving needy families and ensuring social security through housing initiatives.
Deputy Governor Abdul Rahman Al-Aqil outlined significant transformations in the sector, emphasizing efforts to create products that meet customer needs
Source : Joycelyn Marigold – African Property Magazine
