Machine Cut Stones as Foundation Blocks in Ghana Houses One of the major problems in building houses in the waterlogged parts of Ghana and most other places in coastal Ghana is how the concrete laid blocks and cement fabricated blocks absorb salty water from the ground. This mechanism results from the salty nature of the groundwater in these areas because Accra used to be covered with large amounts of...

‘Legislation will reduce effective demand, real estate value’ Experts in the real estate sector have condemned the recent pronouncement by the Lagos House of Assembly to pass new property acquisition and business ownership laws that only favours indigenes of the state. They described the move as an attempt to jeopardise economic development, especially in the real estate sector, which has over...

ACCRA - Ghana's consumer inflation accelerated slightly to 42.2% year on year in May, up from 41.2% in April, the statistics service said on Wednesday. The West African nation is grappling with its worst economic crisis in a generation and is restructuring its debt. Authorities turned to the International Monetary Fund for a support package in July last year after rampant inflation spurred street...

Interview with Alaa Zayed, Co-Founder and CEO at VAAL Real Estate Ghana Could you introduce yourself and your projects? I am Alaa Zayed, the CEO and co-founder of VAAL Real Estate in Ghana. With over 20 years of experience in the real estate industry, we started our journey in Egypt where we delivered more than 100 certified projects in the capital. In 2016, we expanded our operations outside...

In making the decision to acquire a property, it is important to understand the dynamics and the kinds of things to note in order to make the right choice. One of my favourite quotes in Real Estate is by William Penn Adair. He says, “Find out where the people are going and buy the land before they get there.” This quote resonates with me in so many ways and inspires my constant admonishing of...

Interview with Erdinc Asar, Managing Director of Acacia Build Ltd Can you outline the steps you took when setting up your business in Ghana When we first came to Ghana, we did some feasibility studies. We looked especially at Accra, Kumasi, Takoradi and other places. We understood that this country needs lifestyle concepts and that does not mean just selling four walls to people. We want to sell...

Accra, the dynamic capital city of Ghana, is a captivating destination that offers an immersive experience in West African culture and history. With its diverse attractions, from historical landmarks to lively markets and stunning beaches, Accra has emerged as a popular tourist hub. As the economic and administrative center of the country, the city combines modern developments with a rich cultural...

In the highly competitive real estate business in Nigeria, it is difficult to stand out from the crowd. But this is certainly not the case for Millicent Duru, chief executive officer of Giselle Homes – a turnkey real estate company that operates in Lagos. With determination, dexterity, and hard work, Millicent is succeeding in a male-dominated industry. Millicent possesses an interdisciplinary...

There has been significant growth in Ghana's real estate sector over the past five years. It is one of the fastest-growing sectors in Ghana. This sector comprises the office market, the retail market, the industrial market and the residential market. OFFICE AND RETAIL Ghana's office and retail market is run primarily by the private sector. However, demand for this sector is higher in the Greater...

In an effort to address Nigeria’s housing shortage, Fab Realty, a real estate company based in Nigeria, has allocated land to investors at Freedom City Estate in Epe, Lagos. During the recent allocation exercise, Ayomikun Adebayo, managing director of FAB Realty, highlighted the severe housing issues in Lagos caused by population growth, with more than 500,000 people relocating to the city annually....