Ghana

Welcome to the Accra Property Perspective, a newsletter by RMK Realty Ltd, your trusted advisor in Accra's premier real estate market. Established in 2013, RMK Realty has become a respected name in Accra's luxury residential, commercial, and land sectors. Though a young firm, our success lies in our extensive network and proven track record. We've proudly facilitated lettings and sales for esteemed...

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...

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, 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...

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...

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...

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...

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...

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...

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,...