There has been a rejuvenated global interest into African real estate after two years of the Covid-19 pandemic. This is according to the Knight Frank Africa Horizons 2023-24 Report, which has a comprehensive analysis of Africa’s remarkable recovery following the prolonged aftermath of the pandemic. The renewed interest is demonstrated by the recent engagement and substantial investment...

For real estate business in Nigeria in particular and Africa in general, a new dawn is here as Adeniji Adele, the newly elected president of the International Real Estate Federation (FIABCI), Africa and Near East Region, has assured both the sector and the players. Adele, former president of FIABCI Nigeria, was elected president for the Africa and Near East Region at the recently concluded 73rd FIABCI...

The Executive Council of the Ghana Real Estate Developers Association (GREDA) has described Ningo Prampram MP, Sam George’s comment on real estate business as unfortunate and defamatory. On JoyNews’ Newsfile on Saturday, Mr. George alleged that the real estate business in Ghana is largely used for money laundering. According to him, it is a means to clean ‘dirty money’ acquired...

The Ningo Prampram Member of Parliament, Sam George has cast doubt on the legitimacy of many real estate businesses in Ghana. Speaking in an interview on JoyNews’ Newsfile on Saturday, July 22, he explained that the real estate business is a cover-up for money laundering. According to him, people use the estate as a means to clean ‘dirty money’ acquired through illegitimate means. “Real...

The Chartered Institute of Realtors (CIR), a body of real estate professionals dedicated to providing high-quality training and learning opportunities for its members within the ever-changing real estate industry worldwide, is set to be launched in Ghana. The event will draw a large audience from different facets of society, from policymakers, international property developers, lawyers, arbitrators,...

Though the real estate sector is growing in Nigeria with significant growth to GDP, the growth does not represent the large size of the country’s market where demand and supply imbalance is huge due to challenges that include lack of good policies and coordinated leadership. For the sector to grow optimally and close the yawning gap in the market estimated at 20 million units, there is need for a...

A Three-Day mini exhibition Dubbed:  Ecobank-JoyNews Habitat Fair Clinic which  was opened  at Achimota Mall Retail Centre last Friday has ended. The event, which is organized annually by Joynews and its business partners seeks to create extensive awareness about the main Habitat Fair which comes off on September 20th to 24th 2023 at the Accra International Conference Centre, was...

Green spaces made up of tree cover, grass, and parks in Ghana’s capital, Accra, have reduced drastically in the last two decades. The situation poses serious health implications for the residents according to a new study titled: “Socio-demographic and neighbourhood factors influencing urban green space use and development at home”. The study noted that most green spaces had been cleared for...

Investment in real estate is believed to always be safe and profitable. But the current global economic downturn may question the conventional wisdom. Scepticism about investing in Nigerian and even the global housing industry could be driven by a sense of political uncertainty, technology trends and economic recession. Modern real estate development remains in its infancy in Nigeria, regardless of...

Southeast Ghana, particularly the Greater Accra region, is emerging as the next destination for expansion in residential and industrial development. With its favorable climate and abundant natural resources, Ghana has become a hotspot for opportunities and growth in recent years. The economic policies and cultural landscape of the country have attracted investors and individuals from neighboring...