Monday, February 4, 2013

Is It Time To Invest In Ghana Real Estate?

If you are looking for foreign investment opportunities, you may want to consider investing in Ghana real estate. The country has shown tremendous signs of political stability and economic growth in recent years, making it a good time to invest in Ghana. In fact, in a 2009 White House Press Release, President Barack Obama stated that, “…far too often discussions of Africa are focused on crisis. Ghana is not in crisis, and it's an example for the region and more broadly.”

Ghana's Growth

According to the world economic growth charts, Ghana’s GDP grew by 14.4 percent in 2011. This was largely due to new oil production and construction projects. While the 2013 estimates for economic growth are a bit more modest at 7.5 percent, the country’s economy is steadily growing. Ghana is listed in Stage 1 of the 2012-13 Global Competitiveness Report published by the World Economic Forum and is expected to sustain its competitiveness. The country has demonstrated more than 25 years of sound management. Another sign of Ghana’s tremendous economic growth is that World Bank recently upgraded Ghana’s economic classification from low-income to a lower middle-income status.

Ghana Residential Real Estate

Despite the shift in economic status, there still aren’t many housing opportunities for middle income families. Those who have chosen to invest in Ghana have primarily focused on upper class residences and neglected the growing demand for affordable, middle class residences. The local real estate industry needs investors to help finance medium scale projects for middle-income projects.

Commercial Real Estate

Demand for commercial real estate is also high. Retail occupancy rates are hovering right around 100 percent. Many international retailers have recently opened up shop in Ghana, including:
  • Shoprite
  • KFC
  • Woolworths
  • Bata
  • Deli France
With the success of these companies, it is expected that more American and European retailers will soon follow.

Investment Opportunities

It is time to invest in Ghana real estate. The lucrative investment opportunities are limitless. The demand is high for both residential and commercial projects. Investing in either type of real estate, however, requires in-depth knowledge of the building laws and local industry; experience is essential to the success of investments. Ghana Homes Group has that experience. For nearly a decade, the esteemed company has been bringing foreign investors and developers together with local engineers and architects to complete quality projects throughout the country.

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About Ghana Homes

Ghana Homes provides luxury high-quality properties in Ghana . We offer state-of-the-art living conditions reflective of the rapid advancements in technology and a growing need for quality housing for both low and high income families. Our group is dedicated to a hassle free living environment in which our client can enjoy all of the benefits of a safe, attractive, and inviting property.

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  • Architectural Services:
    • Ghana Residential Homes
    • Ghana Commercial Properties
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  • Property Resale
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  • All forms of real estates transaction in Ghana

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