Ghana

Rent Prices in Accra: Experts Predictions and Insight for 2024

Many Ghanaians are becoming increasingly concerned about the rising rent prices in Accra. With ordinary earnings unable to keep up with soaring costs, the idea of owning an adequate house or rental properties appears increasingly out of reach for the average Ghanaian income earner.  This article delves into the current issues and probable future of rent prices in Accra, the capital city...

Sentinel Commercial Real Estate Investment Trust acquires One Airport Square

The Sentinel Commercial Real Estate Investment Trust (the Sentinel REIT), the first Real Estate Investment Trust (REIT) licensed under the current Securities and Exchange Commission (SEC) REIT Guidelines has acquired One Airport Square (OAS), the iconic Grade A building in the prime area of Accra’s Airport City.  The nine-story OAS is a mixed-use building with a commercial space of 2,000...

Devtraco Plus presents ‘The address’; the pinnacle of modern living at Roman Ridge

Devtraco Plus, a subsidiary of the Devtraco Group, and Ghana’s leading multiple award-winning luxury real estate developer, is thrilled to announce the launch of its latest development, "The Address." Located in the prestigious Roman Ridge area. This project is poised to redefine modern living in Accra, offering a trio of towers that feature vacation, residential, and hotel apartments, each designed...

Record number of UK investors flock to buy into Ghana’s lucrative property market

The Ghana Property and Lifestyle Expo 2023 saw a record number of deals executed at its flagship UK event. This two-day event, held in Chelsea, London, brought together hundreds of aspiring property investors and Ghana's leading property developers and experts, facilitating several seven-figure deals and counting. It stood as the quintessential "one-stop shop" for individuals passionate about property...

GREDA plans internal share flotation

The Ghana Real Estate Developers Association (GREDA) has announced plans to raise shares among its members. GREDA is marking its 35th anniversary WHILE looking into the future -seeking to own a Real Estate Investment Trust and raise money internally, Patrick Ebo Bonful, president of the group, has stated. According to Mr. Bonful, the group has gone ahead to form its own company – ‘GREDA Investment...

We cannot be blamed for high cost of homes in Ghana – Real Estate Developers

Some real estate firms have absolved themselves from the high cost of houses in the country, saying they cannot be blamed for that. Defending the assertion, the Executive Director of Elegant Homes, Dorothy Afua Quarshie said the rising cost of building has made it difficult not to pass on the cost to the buyers. “Most of our real estate developers have to invest their own capital in developing...

Guyana’s Housing Minister Collin Croal visits Devtraco in Ghana to strengthen partnership

In a significant step toward forging international collaborations and showcasing the excellence of African real estate, the Guyana Housing and Water Minister, Collin Croal, accompanied by his Information Minister Kwame McCoy, recently embarked on a momentous visit to Devtraco Group's projects in Ghana. Led by the dynamic CEO of Devtraco Group, John Entsuah, and the astute COO/Head of Developments, of...

Real Estate Sector: International Mortgage Financing in Ghana

To purchase property in Ghana, foreign investors must comprehend financing options. This guide explains tactics to obtain a mortgage in Ghana, with a focus on foreign nationals. Unique Aspects of International Mortgages for Ghanaian Properties Some key differences exist between domestic and international mortgages for financing real estate purchases in Ghana: • Higher down payments – Often...

Accra to Host Second Joint Meeting of Intergovernmental Committees of Senior Officials and Experts for North and West Africa

The UN Economic Commission for Africa (ECA) Sub-regional Offices for North and West Africa are holding, in partnership with the Government of Ghana, the second Joint Intergovernmental Committee of Senior Officials and Experts (ICSOE) for North and West Africa on 1-3 November 2023 in Accra, Ghana. This year’s edition of the ICSOE focuses on the theme: "Investing in the Energy Transition, Food Security,...

We’ll commence registration of key real estate players before the end of the year – REAC CEO

In order to ensure and have a credible data-based ecosystem in the real estate industry in Ghana, the Real Estate Agency Council (REAC) has announced its quest to commence the registration of key players in the industry before the end of the year. According to the Council, the initiative to register intermediaries in negotiating and arranging real estate transactions such as agents, property brokers,...

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