Africa Home Building News 08/03/24

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Hello and Welcome to African Home Building News on PETV

Here are top stories

The Atlas by Clifton Homes shapes Accra’s real estate landscape.

Ghana Registered Nurses and Midwives Association Calls for Targeted Housing Projects.

East London Local Authority Approves Innovative REIT Plan for Affordable Housing Solution.

The news is now in detail

Highlighted in a recent article on Marcopolis, The Atlas by Clifton Homes in Accra is gaining attention as a distinguished development.

Strategically located near Kotoka International Airport and commercial hubs, it caters to global business travelers, leisure visitors, and local professionals.

The Atlas’s seamless integration into the urban environment is characterized by its modern design, elegant angles, and captivating views.

On-site facilities include a gym, communal gardens, and a co-working suite.

The Atlas is a lucrative investment opportunity, backed by Clifton Homes’ effective property management services.

Away from that

The General Secretary of the Ghana Registered Nurses and Midwives Association (GRNMA), Dr. David Tenkorang-Twum, has called for targeted housing projects to address the housing deficit among public sector workers.

He proposed building specific housing units for professionals like nurses, doctors, and teachers.

Dr. Tenkorang-Twum also advocated for decentralized housing projects and suggested renting out properties to generate funds for more units.

Additionally, he highlighted the need for salary increases and updating the market premium to retain skilled professionals in the country.

In more news

Kenya recently hosted an inaugural conference focused on securing financing for green, affordable housing in the East African region.

The event, organized by the Kenya Green Building Society in collaboration with Reall, drew stakeholders from across the continent, including the International Finance Corporation, the Centre for Affordable Housing, and various associations.

Green, affordable housing is gaining global attention for its role in addressing climate change, emphasizing energy, water, and material efficiency.

The workshop aimed to unlock local lending for green-certified affordable housing construction, leveraging the growing volume of underutilized climate finance.

Key players in the built environment collaborated to develop a roadmap for implementation and emphasized the importance of green, affordable housing in both climate mitigation and reducing greenhouse gas emissions from buildings.

In news elsewhere

The East London local authority has approved plans, developed in collaboration with property consultancy Chalkhill Partners, to establish a Real Estate Investment Trust (REIT) for renting homes.

The REIT, which is yet to be formed, will acquire 165 three-bedroom homes, 110 two-bedroom properties, and 25 one-bedroom dwellings within a 75-minute proximity to Hackney Central Station.

These homes will be refurbished to a specified standard and offered to the council within two years, remaining part of Hackney’s temporary accommodation for a decade.

The plan is anticipated to yield 60% cost savings compared to nightly spot purchases.

Source : Joucelyn Marigold – African Property Magazine

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