When applying for a loan to purchase property in Ghana, it is important to prepare all necessary financial documents. These documents may include proof of income, bank statements, tax returns, and other relevant financial records. Ensuring that all required documents are organised and readily available can help streamline the loan application process and increase the likelihood of approval. We will...
Real estate and construction companies operating in Nigeria have managed to secure loans amounting to N2.26 trillion within an eight-month period. These borrowed funds from various banks have been instrumental in expanding their service capabilities within the sector. According to PUNCH, these loans, procured between November 2022 and June 2023, have exhibited significant growth, surging from N1.90...
Africa often flies under the radar for investors, but it's a promising frontier for those looking to make impressive returns on their investments. In today's investment landscape, it stands out as a unique opportunity. The continent's economic landscape is diverse, with nearly fifty countries, but many have undergone economic reforms that make them attractive for business. Despite challenges such as...
Global sovereign investments in Africa, such as the UK's $2 billion commitment to sustainable projects and the US's $200 billion through the Partnership for Global Infrastructure and Investment (PGII) initiative, are set to have a significant impact on the continent's real estate sector, according to global real estate consultancy Knight Frank. Knight Frank Africa report observed that over the past...
The Ghana Real Estate Developers Association (GREDA), the umbrella body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy. With the banking sector having closed all the loopholes for money launderers, GREDA said the real estate sector – built or landed properties – is increasingly...
The Ghana Real Estate Developers Association (GREDA) has stated that the government is unable to deliver affordable housing, especially in the Fourth Republic, due to its active participation in the real estate sector. It has consequently called on the government to perform a facilitation role in the delivery of affordable housing projects instead of competing with private sector players. The...
Chief Investment Officer, Stanbic Investment Management Services (SIMS), George David Allotey, has emphasized the need to fully understand the nature of assets before investing. He made this statement at a Broll Ghana seminar on alternative real estate investments held at the Alisa Hotel, North Ridge, Accra. Speaking at the event on the theme, “The keys to unlocking Ghana’s real estate investment...
Interview with Jolanda Castagna, Managing Director of Akka Kappa What is your evaluation and perspective on the real estate industry in Ghana? If you have had the opportunity to visit Ghana recently, particularly within the last year, you would have noticed a significant surge in real estate activities. Despite the prevalent concerns about the economic situation, both...
The Ghana Real Estate Professionals Association (GREPA) has launched its third Africa Real Estate Conference and Expo 2023 to project the Ghanaian and African real estate industry. The event, to be held in Accra from October 13 to 18, 2023, will bring together real estate professionals, industry players, sustainability specialists and technologists together at one venue to share new ideas and expose...
Libi Homes commences new apartment project, The Milton at Airport Residential Area in Accra. The estate developer has three development projects in the pipeline and The Milton condominium located in the heart of Airport Residential Area in Accra, is garnering much interest in Ghana and across the African Diaspora. Ownership assures investors circa 15% in annual yields for year-round...