Operators in the real estate sector say most firms have reduced their cost of operations considerably in a bid to survive rising economic crisis in the country which has slowed developments. The situation, according to the firms, is such that most of them have taken into consideration costs arising from fuel price hikes and inflation which have impacted businesses negatively. “If we were spending...

In 1877, a strategic decision to relocate the capital of the Gold Coast to Accra set in motion a transformative journey. Over the years, Accra has evolved into a bustling commercial hub, embracing the allure of urban living. This surge in urbanisation has catalysed an expansive urban sprawl, a phenomenon that brings both challenges and promising prospects to the real estate sector. Accra’s meteoric...

Can't buy property in Accra? You're Not Alone The soaring prices of real estate properties in Accra have made it increasingly difficult for the average Ghanaian to become a homeowner. The city's real estate market has been experiencing a sharp increase in demand due to the country's economic growth and population boom, leading to a corresponding surge in property prices. This has made it difficult...

In the realm of real estate and remarkable feats, Ebenezar Kwadwo Saka Addo-Mensah, affectionately known as Saka stands as a testament to both innovation and determination. A driving force behind the unprecedented 10,000-kilometer journey from Accra to London, Saka has steered his way into the spotlight as a real estate mogul and a visionary leader. Behind the wheel of a Ford Raptor, Saka did not...

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...