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The Chamber of Real Estate (CRE) intensifying efforts to address Ghana’s housing crisis by advocating for a social housing scheme.
The National Homeownership Fund (NHF) making significant strides in providing affordable housing in Ghana, with 129 units currently 55% complete.
Dubai Real Estate Market Poised for 15% Growth in 2024, Driven by Foreign Investment and Luxury Demand
The Chamber of Real Estate (CRE) is intensifying efforts to address Ghana’s housing crisis by advocating for a social housing scheme.
This initiative aims to bridge the gap between private property ownership and housing affordability, a growing concern as private ownership prices rise beyond the reach of many Ghanaians.
Partnering with the Chartered Institute of Realtors (CIR), CRE plans to develop affordable rental options, improve informal settlements, and foster public-private partnerships.
The Chamber is also pushing for streamlined regulations, incentives for developers, and training programs to support the construction of affordable housing, calling for collective action from all stakeholders.
The National Homeownership Fund (NHF) is making significant strides in providing affordable housing in Ghana, with 129 units currently 55% complete since April 2024.
The progress, achieved through a collaboration between the NHF, Tema Development Corporation (TDC), and the Ministry of Works and Housing, was praised by Minister Kojo Oppong Nkrumah during his visit to the construction site on August 23, 2024.
The Minister commended the project’s speed and quality, emphasizing the importance of such partnerships in addressing Ghana’s housing deficit.
He urged the NHF to replicate this success in other housing initiatives across the country.
Three people were killed on Saturday when an uncompleted two-storey dormitory building collapsed at Richmere Vocational Institute (RVI), near Kasoa Timber Market, Asempa Down, in the Central Region.
Three others were in critical condition at the hospital, while six others have been treated and discharged.
The deceased, included two female students of the school, Millicent Mensah, 18, and Belinda Tweneboah, 16, as well as Francis Coufie, a carpenter believed to be in his forties.
The victims were part of 17 people on site at the time of the collapse, comprising six workers and 11 students. Five of them escaped unhurt.
The tragedy attracted a large crowd to the scene, including relatives of the victims, who wailed as personnel from the Ghana Police Service and Ghana National Fire Service embarked on a rescue operation.
Assistant Divisional Officer Grade One (ADOI) Alex King Nartey, a Public Relations Officer of the Ghana National Fire Service (GNFS), narrated the incident to the Ghanaian Times, in Accra yesterday.
Dubai’s real estate market is poised for a 15% growth this year, fueled by substantial foreign investments, particularly from Europe and the UK. Yogesh Bulchandani, Founder of Sunrise Capital, and Ramjee Iyer, Chairman of Acube Developments, highlight the city’s appeal to international investors, driven by high rental yields, capital appreciation, and the luxury segment’s strong demand.
The market’s growth is further supported by Dubai’s focus on smart and sustainable developments, aligning with its vision to become a leading smart city. Both off-plan properties and high-value, luxury properties are particularly attractive to investors, though caution is advised in choosing reliable developers due to potential project delays.
Overall, Dubai’s real estate market continues to thrive, with a balanced approach between rental income and long-term capital growth, making it a dynamic and appealing investment landscape.
Source : Joycelyn Marigold -Property Express News
