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Coming up in this bulletin
Seso Global and First National Bank Unveil 15-Year E-Mortgage with 13.5% Base Interest Rate
Ghana National Fire Service Initiates Probe Into Westland Building Collapse Incident
The Canadian housing market expected to stabilize in 2024, with lower resale prices and easing mortgage rates
To our first story
Seso Global and First National Bank in Ghana have introduced an e-mortgage platform with a 15-year tenure and a competitive base interest rate of 13.5%.
This platform not only simplifies the property purchasing process for Ghanaians but also extends accessibility to other nationals.
Moreover, Seso Global, in partnership with Republic Bank, has also introduced the Diaspora Mortgage Platform, streamlining property investment for diasporan and Ghanaian citizens abroad.
Away from that
The Ghana National Fire Service (GNFS) has reported a building collapse incident involving firefighters during their response to a fire outbreak at Westland in West Legon.
The incident occurred when fire service personnel attempted to extinguish a severe fire.
A press statement, signed by Timothy Osafo-Affum, the Director of Public Relations of GNFS, disclosed that four firefighters were injured during the operation.
Meanwhile The GNFS has initiated an investigation to determine the cause of the building collapse, emphasizing its commitment to understanding the circumstances surrounding the incident.
In more news
Mr. Oluwatosin Olatujoye, Group CEO of Zylus Group International and a prominent figure in Africa’s real estate industry, has been inducted into the Forbes Business Council.
The Council is an exclusive community for successful business leaders.
This recognition underscores his decade-long impact in addressing housing deficits and simplifying real estate investment in Africa.
As a council member, he gains exclusive access to opportunities, private forums, and events, enhancing his professional influence globally.
He expressed honour at joining the council and emphasized his commitment to addressing real estate needs in Africa.
This induction solidifies his standing as a notable figure in the global business landscape.
The Canadian housing market is expected to stabilize in 2024, with lower resale prices and easing mortgage rates.
However, a return to previous price highs is unlikely. Home prices have been declining over the past 24 months, with the national average down by about 20% since its peak in February 2022.
The market is forecasted to experience continued downward pressure, especially in Ontario.
Affordability challenges persist despite the price pullback, and any potential rebound in home prices is expected to be limited.
Forced selling remains minimal, providing a positive aspect amid the challenging conditions.
Source : Africa Home Building News -Joycelyn Marigold
AFRICAN PROPERTY AWARDS 2024