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Ghana’s luxury residential real estate sector holds growth potential, according to a new report
Nigeria real estate entrepreneur set to transform the real estate landscape across the continent
Property in the UK has become increasingly unaffordable for many buyers,
Ghana’s luxury residential real estate sector holds growth potential
An analysis of the luxury residential real estate sector in Ghana by Marcoplis reveals a market that, while currently relatively modest in size, holds substantial growth potential.
This burgeoning potential is underpinned by several key factors, including an improving economic landscape, the expansion of the middle class, and a growing expatriate community, all of which have stimulated a robust demand for upscale housing, particularly in major urban centers like Accra.
The report said, sale prices for select high-end developments are now beginning to rival those in esteemed global markets such as London and New York.
This surge in luxury real estate can be attributed to a confluence of influential drivers, including:
Economic growth and political stability that have attracted foreign investments.,The emergence of an affluent class of professionals and entrepreneurs.
Away from that
The second Conference and Annual General Meeting of the Ghana Institution of Engineering, Ashanti region chapter focused on incorporating entrepreneurship in the engineering profession. The meeting aimed to educate engineers on ways to integrate entrepreneurship into their work.
The meeting was attended by craftsmen, artisans, students, and engineers. The goal was to encourage engineers to consider entrepreneurship as a solution to the current job scarcity. The Registrar of the Ghana Institution of Engineering, Ing. Isaac Badu, emphasized that engineers should be innovative and think outside the box to create job opportunities rather than solely relying on finding employment.
The importance of the partnership between craftsmen and engineers was highlighted during the meeting. By collaborating, engineers can bring innovative ideas to the table, while craftsmen can assist in translating those ideas into tangible products for the market.
Ing. Sophia Abena Tijani, the Vice President of the Ghana Institution of Engineering, emphasized that engineering work is a collaborative effort involving various individuals within a value chain. Craftsmen, technicians, and engineers all play crucial roles in ensuring engineering work meets standards and requirements.
Engineer Alberta Amankwaa, a principal electrical engineer at the electricity company of Ghana, encouraged more women to enter the engineering field. She highlighted the importance of women’s unique skills, such as empathy, in addressing challenges like climate change. Their inclusion in the field can lead to greater output and more comprehensive solutions.
Overall, the conference and meeting aimed to promote entrepreneurship among engineers, foster collaboration between craftsmen and engineers, and encourage the participation of women in the engineer
Nigeria real estate entrepreneur set to transform the real estate landscape across the continent
Adeleke Ifeoluwa Yomade, a trailblazing entrepreneur in the real estate sector in Nigeria is not just building homes; she’s creating investment opportunities that are transforming the real estate landscape across Africa.
With an impressive track record of successful developments, Yomade’s projects are not only luxurious living spaces but also represent sound investments for those seeking to make their mark in the African real estate market.
The combination of modern amenities, cutting-edge technology, and meticulous attention to detail ensures that these properties appreciate in value over time. For investors, this translates into solid returns and a promising future in the world of real estate.
Her impact in the African real estate sector is not just about bricks and mortar; it’s about creating a legacy of investment opportunities that are transforming the way people view real estate in Africa.
Through her commitment to excellence, sustainability, and community development, Yomade is making real estate investment in Africa accessible, profitable, and a key driver of economic growth for the continent’s future.
In other news,
Property in the UK has become increasingly unaffordable for many buyers, but has the bubble burst?
According to the Nationwide Building Society, house prices are dropping at the most rapid pace since the middle of 2009, driven by higher mortgage rates and the ongoing strain on housing affordability for potential homebuyers.
On a monthly basis, house prices were unchanged, following a 0.8% fall in August.
Source : Diana Okyerebea & Joyceln Marigold -Africa Home Building Magazine