7 Surprising Reasons To Own A Home In Ghana

Despite the recent rebound of the real estate market in United States, there is still a fair amount of risk with domestic real estate investments. Instead, you may want to consider investing in real estate in Ghana. Ghana has experienced a tremendous amount of economic growth over the last few years, making the conditions ideal for investors. You might be surprised to learn why investing in Ghana is such a good opportunity.

1. Stable and peaceful environment.

There are no threats of terrorism, and the country has held 4 elections since in 1992 and approved a new constitution without any political unrest. In fact, while courting foreign investors in 2012 Ghana President John Mahama said, “Perhaps the best thing going for Ghana is stability and peace. It is seen as an oasis of peace in a turbulent continent.”

2. Location, location, location.

The country of Ghana is located just below the equator in Western Africa, bordering the Gulf of Guinea. It is a gateway to the rest of West Africa, making it the ideal location for both domestic and international trade.

3. Continued economic growth.

During 2011, Ghana’s GDP grew by 14.4 percent. Since then, growth has slowed a bit with 2013 estimates forecast a growth of 7.5 percent, but it is still growing steadily. Ghana’s economic classification was recently upgraded by World Bank from low-income to lower middle-income.

4. Continued population growth.

The population of Ghana is growing at an annual rate of about 2 percent. The 2000 Population and Housing Census estimates 2.3 million new homes will be built by 2025 to keep up with the growth.

5. High demand for mid-range properties.

The supply of new homes for middle income families has not kept up with the demand. Investors have primarily focused on luxury properties and ignored the high demand for affordable, mid-range properties.

6. Stable real estate market.

Another factor that makes owning a home in Ghana desirable for foreign investors is the stable real estate market. Property values are increasing steadily and low-interest mortgage rates are available.

7. Human connection.

Words cannot describe the feeling of connection that investors often experience when they help Ghanaians realize the dream of owning their own home. Many people are surprised to discover that the benefits of investing are more than monetary.
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