Property Express News 17/05/24

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Hello  and Welcome to Property Express Video News
 
Coming up
 
 
Grand Mirage is set to   redefine luxury living in Accra
 
 
Stakeholders Call for Political Will and Leadership in Land Management
 
 
Global Real Estate Sector Reacts to Chinese Asset Liquidation Amid Economic Uncertainty
 
 
Let’s dive  into the stories
 


“Grand Mirage,” a luxury real estate project by the Yagmur Group in Accra, Ghana, promises to redefine upscale living.
 
In an interview with Chairman Osman Karatas, with Joy News in Accra, Mr. Karaatas  highlighted  the project’s vision and distinguishing features.
 
Grand Mirage aims to offer more than just homes, providing a complete living experience with top-notch amenities and services.
 
The project stands out for its attention to detail, diverse apartment options, and commitment to quality assurance.
 
Its prime location near the Kotoka International Airport adds value, and construction progress is on track for completion by 2025.
 
Mr.  Karatas envisions Grand Mirage setting new standards in Ghanaian real estate, reflecting the bright future of luxury living in Accra.
 
Away from that
 
Stakeholders at a policy dialogue on the formulation of guidelines for public land allocation have emphasized the crucial need for effective land management in the country.
 
They argue that the current processes for acquiring land and land titles are outdated and unable to meet the evolving demands of modern society.
 
The stakeholders, comprising officials from the Lands Commission, academic experts in land management, civil society representatives, traditional leaders, and community leaders, highlighted the stagnation of processes in adapting to the changing socioeconomic and environmental landscape of the country.
 
Organized by the Ghana Integrity Initiative (GII) , the dialogue forms part of  an  ongoing Land and Corruption in Africa (LCA) project aimed at enhancing livelihoods.
 
Still staying on land administration
 
Esther Osei Ofei Aboagye, a Local Government Practitioner, stressed the importance of enhancing the capacity of  land users to understand and adapt to new dynamics.
 
She underscored the significance of information and communication in combating corruption in public land allocation.
 
Overall, the stakeholders emphasized the need for political will, effective leadership, transparency, and adherence to existing laws and guidelines to achieve proper land management in the country.
 
The dialogue highlighted various challenges in public land management and offered recommendations to address them.
 
Other participants urged the nation to prioritize the public interest and incentivize citizens to move beyond individual interests toward sustainable development goals.
 
They emphasized the importance of collective action and adherence to existing laws and guidelines to achieve proper land management and sustainable development in the country.
 
In International News
 
 
Chinese investors and creditors are selling real estate assets globally to address market fluctuations at home, attracting close attention.
 
The global economic downturn and rising interest rates have led to uncertainty about property value impacts.
 
Concerns about delayed loan markdowns and valuation reviews have been raised.
 
Chinese landlords and developers are selling international assets to stabilize domestic operations.
 
Each transaction provides insight into investor returns, aiding valuers. Increased sales activity brings optimism for price improvements, especially outside Europe.
 
China’s fiscal policy remains influential, but other regions also impact global markets.

Source : Joycelyn Marigold , Property Express News

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