A look at the headlines
Between January 1, 2019, and December 31, 2022, the Rent Control Department received
73,352 complaints from tenants and property owners.
The Institute of Engineering and Technology has asked that MMDAs sensitize
developers about the importance of hiring professionals .
In International News
Newly launched Dubai-based Qima Real Estate will cater to Gulf Cooperation Council
investors and home-buyers looking to acquire residential properties in the UK
Between January 1, 2019, and December 31, 2022, the Rent Control Department received
73,352 complaints from tenants and property owners.
Between January 1, 2019, and December 31, 2022, the Rent Control Department received 73,352
complaints from tenants and property owners.
52,813 of the lawsuits, according to the Department, were brought by landlords who wanted to
reclaim their homes “due to rent arrears by tenants”.
The remaining complaints, totaling 20,539, were brought by tenants who alleged that their
landlords were taking advantage of them.
Emmanuel Hovey Kporsu, the department’s head of public relations for the rent control division,
revealed these to an Accra-based radio station.
According to investigations by the Rent Control Department, “most landlords did that to evict
tenants in order to re-rent those premises to new tenants at a higher price due to the economic
downturn,” he claimed.
The Institute of Engineering and Technology has requested that MMDAs to educate
developers about the importance of hiring professionals .
The Institute of Engineering and Technology (IET) in Ghana has requested that metropolitan,
municipal, and district assemblies (MMDAs) educate developers about the importance of hiring
professionals .
It also charged developers to guarantee that the required permissions for their projects were
obtained from the assemblies.
The President of the IET in Ghana,Mr Henry Kwadwo Boateng, was speaking to the media in
Accra .
He also entreated the Ghana Standards Authority (GSA) to step up its enforcement of and
oversight of the use of low-quality building materials on the market.
According to him,the abundance of subpar products being introduced to the market, called for.
increased supervision.
Moreover, he charged persons constructing churches and mosques to acquire permits and use
registered professionals for their projects.
Recently, the IET Ghana, a registered licensed professional engineering body, said politicians
should be partly-blamed for collapsed buildings.
We turn our attention to Nigeria
Where over a thousand realtors and practitioners in the real estate industry converged at the
Balmoral Events Centre Lagos for this year’s edition of the Unleashed 4 Takeover Conference,
Africa’s biggest real estate event.
Themed Reshaping Real Estate in Africa, the conference brought together industry leaders and
reputable international speakers to chart a course for the industry in post-elections Nigeria and
drive individual stakeholders and practitioners towards delivering their best efforts for the
growth of the industry.
In her opening address, the CEO of Victoria Crest Homes and Co-Convener of the conference
Ichechi Okonkwo underscored the growing impact of innovation and technology on the global
real estate industry. While highlighting several challenges bedeviling the sector, she also
expressed her firm belief that “Africa’s real estate industry is on the verge of a transformational
period.
In other news
Newly launched Dubai-based Qima Real Estate will cater to Gulf Cooperation Council (GCC)
investors and home-buyers looking to acquire newly built and off-plan residential properties in
the United Kingdom (UK), working with international and local UAE developers such as
DAMAC Properties, Regal London and Berkeley Group, to name a few.
The real estate agency also plans to open offices in other GCC countries and will offer a tailored
service to match individual preferences, whether it is a family home, an income-generating
investment or a luxury residence. Qima
Headed by Amit Seth, managing director, Qima Real Estate, an expert with more than 20 years
of experience in the UK market, Qima will help GCC investors diversify their portfolio in prime
residential areas of central London and other high-growth areas in the UK, such as Manchester
and Birmingham.
The six GCC countries are important trading partners with the UK, accounting for approximately
£45 billion per year and being its fourth-largest trading partner. Sovereign Wealth Funds from
the region have over $2 trillion in investments in the UK, primarily in real estate, which is
predicted to grow. Qima Real Estate plans to capitalise on the close relationship the UK enjoys
with the GCC and its investors, who value the stability and good returns from the real estate
market.