Blog | Fanada Group: Real Estate Developer in Ghana

Gated community in Accra, La margo villas at Kwabenya

How To Purchase Your New Home From Fanada Group

Choose a property: Visit the Fanada Group website and browse through the available properties. Choose the one that meets your needs and budget. Contact Fanada Group: Once you’ve identified a property you’re interested in, contact Fanada Group via email, phone or visit their office. They will provide you with all the necessary information about the property and answer any questions you may have. Schedule a site visit: If you’re satisfied with the information provided, you can schedule a site visit to see the property in person. This will give you a better idea of the property’s features and location. Make a reservation: If you’re still interested in purchasing the property after the site visit, you can make a reservation by completing a reservation form and paying a reservation fee. This fee will secure the property for you for a specified period of time. Pay a deposit: After making a reservation, you will be required to pay a deposit. The deposit is usually a percentage of the total cost of the property and serves as a commitment fee. Sign a Sales and Purchase Agreement: Once you’ve paid the deposit, Fanada Group will prepare a Sales and Purchase Agreement (SPA) for you to sign. The SPA outlines the terms and conditions of the purchase, including the payment schedule and any other obligations. Complete the payment: You will be required to make the full payment for the property according to the payment schedule outlined in the SPA. Fanada Group will provide you with regular updates on the progress of the construction or transfer of ownership. Receive the keys: Once you’ve completed the payment, Fanada Group will hand over the keys to your new property. Congratulations, you’re now a proud owner of a Fanada Group property! For more details about the upcoming development click on La margo villas. If you have any questions please feel free to reach out to us on +233 0500385038 (WhatsApp).

Apartment For Sale in Accra on Installment | Real Estates in Ghana

A modern apartment unit is the best investment your money can buy in real estate in Ghana. They come with different floorplans. You can buy a 1 bedroom apartment with comes all En-suite. This means you have everything within reach- the washroom, toilet wardrobe, or walk-in closet. You can find that at La Margo villas greenery and solar-powered gated community at Kwabenya, Accra. You will also have a modern gourmet kitchen with fitted granite countertops with German-brand Bosch home appliances for a comfortable and luxurious living experience. With that said, depending on your budget and purpose, a 2-bedroom apartment or a 3-bedroom apartment in Accra could equally be a good purchase especially if you have a family. This will offer you more living space, more amenities, and more comfort. For example, kids will have their room, giving you that peace of mind to concentrate on important matters. Read also:10 BIG Benefits of Buying a property Off-Plan in Ghana Whether you are a first-time home buyer or a second-home buyer, La Margo Villas, there are 2-bedroom, 3-bathroom, and 4-bathroom townhomes with flexible payment plans. Here is the best part, if you are unable to qualify for a mortgage, you could self-finance your purchase with us on a plan that best suits our financial circumstances to give you stress-free payments in the trenches. Read also:How to Buy A House in Ghana and Pay Monthly? Here is How How much does an Apartment cost in Accra? The price of an apartment ranges from $65,000 to $130,000 or more. However, this could depend on the location of your property, the size of the units, the amenities that come with it, and the condition of the unit. Apartment properties for sale in prime locations of Accra like the Airport residential area, Cantonments, East Legon, Ridge, Osu, just to name a few command high price tags. Read also:WHAT $190,000 GETS YOU IN GHANA | LA MARGO VILLAS Why is an apartment a good investment in Accra? Here is the best part, if you own an apartment property in Accra, you could use it as an investment property. This means you could rent it out to long-term tenants and earn passive income. Due to rapid urbanization in the capital and the inflow of foreigners, the demand for apartment units is high, especially fully furnished units. There are endless renters looking for apartments for rent in Accra. Read also:Own Your Home: Single Room Self-Contain Apartment For Sales If you are cash-flow-oriented, Airbnb rental is a great way to achieve higher rental income compared to regular long-term renting. Airbnb has demonstrated to be the most profitable rental option for landlords looking to earn top dollar from their apartments for rent in Ghana – short-term stay. If you don’t like the hassle of managing guests and turning the units, you could hire property management services provider in Accra to take care of that. Villashark offers property management services for landlords both locals and the diasporans. Read also:A Snapshot of Ghana’s Real Estate Market 2022/2023 Let’s say you are out of the country and barely stay in Ghana, you could own an apartment as a vacation home so whenever you are in the country you could enjoy your vacation with peace of mind without having to put up with family members who see you as a money tree. Now Selling Fast! Become A Homeowner In A Greenery & Solar Gated Community Kwabenya, Accra Before It Is Sold Out! La Margo Villas Imagine Seeing Your Kids Running Around On the Playground With Their Friends In The Safety Of This Greenery And Lush Landscape Beautiful, Gated Community. How Comfortable And Refreshing Will That Be? Exactly! Are you a foreigner considering investing in Ghana’s real estate market? Or are you African diaspora planning to buy your dream home in Accra, Ghana? We would love to connect and serve you. Buying your dream home in a new development project by a real estate developer gives you flexibility with regard to payment plans to choose from. You don’t have to go through all that stress to get building permits and regulations checked. We have done all the hard work. Your only job is to own it by reserving your home now. Get in touch with us today, tomorrow might be too late.

BEST 10 AFRICAN COUNTRIES TO INVEST IN REAL ESTATE

Where to Invest in Africa? The following countries are the best places to invest in real estate in Africa: South Africa Ghana Mauritius Kenya Côte D’ivoire Angola Rwanda Nigeria Egypt Botswana Out of 54 African nations, most countries’ real estate sector is experiencing tremendous growth right now, from residential to commercial real estate. If you ask me what make a country the best place for real estate investing in Africa? Without a blink, not the least of which include: political stability, economic resilience, population growth, and perhaps infrastructural development. These countries that I will be discussing in a bit have emerged as ideal destination for real estate investment in Africa due to the inflow of foreign investors and the growing demand across different asset classes. Of course each country have its own set of merits and demerits, making it imperative to thoroughly evaluate options before settling on the optimal choice. Are you international estate investor looking for opportunities in real estate sectors in Africa? You have come to the right place. The western real estate markets is either saturated or overpriced that you could hardly make the numbers work. In African countries, real estate offer you the opportunity to tap in for high return on investment if you have done your market research well and with the right investment strategy. Without much I do, I invite you to explore my intake on these countries and welcome the opportunity to discuss my findings with you in more detail in this post. Let’s dive in! Cape Town, South Africa Cape Town consistently maintains its reputation as one of Africa’s premier real estate investment destination. Its stunning beaches and favorable climate make it especially appealing to retirees and foreign property buyers. In 2021, there were 268,000 residential transfers valued at US$ 18.2billion. Also, there were 6.9million home sales in South Africa in 2021 worth US$ 416billion. Additionally, Cape Town is expected to be an outperformer in the property market due to the overall perception of the province as having a well-functioning local government and an attractive lifestyle. The province remains a magnet for skilled and affluent immigrants, often with high purchasing power and disposable incomes. In Cape Town the residential rentals yield returns average 9.5%, retail is 8.3%, industrial is 8% and 8.75% for office space . Whereas in Johannesburg, rental yield returns for residential is 9.5%, retail is 8.5%, industrial 8.25% and 9.5% for office space annually. The city’s allure as a prime tourist destination further enhances its real estate market potential. Rental rates for apartments in Cape Town range from about USD 15 to USD 17 per square meter, translating to approximately USD 1,700 for a 120-square-meter apartment and USD 4,650 for a 300-square-meter apartment. Please keep in mind this price quotes could vary on the location and property type. The current home price growth is at 6.25%, and projections indicate an impending surge to a range of 7.25% to 7.75% by the first quarter of 2023. Accra, Ghana Have not heard of Ghana? No worries, let me give a snapshot of it. With a total land area of 238,537sq.km Ghana was the first sub-Saharan nation to gain independence from colonial rule in 1957. Ghana is credited as being one of the most stable democracies in Africa, having successfully conducted 8 national elections and recorded no incidence of a coup d’état since 1992. Ghana, is currently experiencing real estate boom. Real estate is one of the fast growing sectors in the country according Ghana Investment Promotion Centre (GIPC). Why should you invest in Ghana? Known for its investment friendly, political stability and peaceful, favourable climate, rapid population, increase in urbanization and housing deficit, emerges as the second-strongest African contender for real estate investment. Read also: 8 REASONS WHY WESTERNERS SHOULD CONSIDER RETIRING IN GHANA Additionally, household spending is expected to increase from US$55bn in 2021 to USD81billion in 2025 according to Fitch report. Over the past five years, the Ghana has demonstrated a capital growth projection of 32.7%. Accra, the capital, presents high rental yields across all asset classes. There are about 144,105m2 Grade A office supply with average rent around US$25 – US$28 /m2/month. The residential market is currently facing 2million housing deficit. About 400,000 units is required annually to reduce the housing deficit. According to State Housing Company, less than 50% is currently delivered annually which is far below the expected units. The average rent in Accra hovering from US$2,200 – US$3,000 /m2/month. And average yield for residential ranges from 10% to 13.5% annually. Read also: International Real Estate Investing in Ghana: Emerging Trends Looking at the figures above, Accra’s rental market is remarkably robust, with 37.5% of households engaging in renting, a significant contribution to the city’s GDP compared to the national average of 22%. The city’s growing population augments the demand for housing and commercial spaces, simultaneously posing challenges and of course opportunities for real estate investors which is why you are reading this post, isn’t it? The retail market is about 138,000m2 + supply. About 60,000m2 + is under development. Rents for retail space ranges from US$20 – US$40 /m2/month and average yield ranges from 8%-12%, Ghanaian growing taste is increasing. Accra mall for instance attracts approximately 7 million customers per year. Now Selling Fast! Become A Home In Greenery & Solar Luxurious Gated Community Kwabenya, Accra Before It Is Sold Out! La Margo Villas Imagine Seeing Your Kids Running Around On Play ground With Their Friends In The Safety Of This Greenery And Lush Landscape Beautiful, Gated Community. How Comfortable And Refreshing Will That Be? Exactly! Are you a foreigner considering investing in Ghana real estate market? Or are you African diaspora planning to buy your dream home in Accra, Ghana? We would love to connect and serve you. Buying your dream home in a new development project by a real estate developer gives you the flexibility with regards to payment plans to choose from. You don’t

10 Benefits of Buying a New Development Home in Ghana

10 benefits of buying a new development home versus an old home in Accra, Ghana Customization Modern design and feature Energy efficiency Warranty Low maintenance Safety features Community amenities Financing opportunity Floor plan Resale Value Think about that new car you bought – the fresh and pleasant smell of the leather that blew through your nostrils when you opened the car door, sat at the wheel, and played around with the steering wheel, how satisfying was it? Exactly! Buying newly home gives you that feeling of a sense of belonging and acomplishment, the freshness of everything in the house’s exterior, from the newly installed pitched roof or aluminium sheet roofing, the thatch roofing, the clay tile roofing, that shingle roofing or metal roofing or the slate roofing you have installed to the interior; from the freshly painted walls to tiles, inviting furniture, home appliances and amenities to playing around with, makes all your efforts to own a new development home worthwhile. While buying new development homes offers you compelling benefits which I will be sharing in a bit, it’s essential to carefully consider your preferences, budget, and long-term plans when deciding between new and older homes. That said, each option has its merits, and the choice ultimately depends on what aligns best with your lifestyle and goals. Spoilers alert, it doesn’t matter if the old home in Accra you planned buying undergone full or partial renovation, it is still an old structure with wear and tear to some degree. Without further I do, let’s dive in. Customization Buying a new development home from a property developer in Ghana, you will have the option to buy a fully furnished unit or opt for a shell unit. What is shell home? It is when the developer completes the exterior finishing: exterior doors, windows, exterior paint, fitted kitchen (common in most cases in the country), and landscaping. This grant you the flexibility to tailor the interiors to your personal taste. You can choose from a range of options for flooring, countertops, cabinets, and paint colors, ensuring that your home reflects your style from the moment you move in. This personalization allows you to create a living space that suits your aesthetic preferences and lifestyle needs. Read also: The cost of building a single room self-contain room in Ghana Modern Design and Features Another benefit of buying a new development home is that it is designed with contemporary architectural styles, incorporating sleek lines, open layouts, functional and innovative designs that align with current trends. Additionally, these homes are equipped with the latest technology, including smart home features like integrated security systems, automated lighting, and energy-efficient appliances, enhancing convenience and reducing energy consumption and other good stuff that makes your living lifestyle easier and more comfortable. Read also: America’s wooden houses vs Ghana Concrete and bricks buildings Energy Efficiency Ghana has an energy problem – electricity is unstable and also expensive. Now, most home buyers are embracing ways to cut energy bills but their choices are limited due to initial cost involved. New development homes like La Margo Villas for instance offer energy efficiency for home buyers with innovative systems with solar PV pre-installed. Additionally, new development homes feature advanced insulation materials, double-pane windows, and energy-efficient heating, cooling, and ventilation systems. This translates to lower utility bills and a reduced environmental impact, as your home requires less energy to maintain a comfortable temperature year-round. Warranty Real estate developers providing new home developments in Ghana typically provide warranties that cover construction defects and certain structural issues for a specific period, which can range from one to 3 years. This assurance offers peace of mind that any non-latent structural issue defects discovered or unexpected issues arising from the handover date will be addressed by the developer without any additional cost to the home buyer. Isn’t that great? Low Maintenance One of the significant advantages of buying a new development home versus an old home is that they are built using brand-new materials and appliances. This means that the risk of immediate repairs or replacements is minimal, saving you both time and money in maintenance expenses during the initial years of homeownership. With an old home, when you exchange keys, there is always an unexpected issue that will arise irrespective of how thorough the home inspection you conducted or the seller’s disclosure prior to closing. You will have to deal with structural issues, plumbing, roof leakage, etc, at your own cost. Safety Features Safety first, I can’t stress that enough. New homes are equipped with modern safety features that adhere to updated building codes and standards. This includes features such as advanced fire suppression systems, smoke detectors interconnected throughout the home, and often integrated security systems that provide added protection against potential risks. However, I would say in Ghana, most new home developments’ safety features are often ignored. Community Amenities Many new home developments in Ghana are designed as master-planned gated communities that offer a range of amenities within or nearby the neighborhood. These can include parks, playgrounds, walking paths, fitness centers, swimming pools, and even community event spaces. Such amenities promote a sense of community and offer convenient recreational options for homeowners. Here is the ice on the cake, La Margo Villas provide the above feature and amenities and many more within the community. What could be better than this? Financing opportunity Say you want to own a home but don’t have all the cash upfront, property developers in Ghana offer financing opportunities with attractive payment plans that meet your current financial circumstances. You can self-finance your home by choosing a payment plan with the developer and work out a deal that best suit you without haven’t to go through the headache of traditional bank financing especially if you are a first-time homebuyer in Ghana, making the process more financially feasible. Read also: 10 Benefits of Buying a New Development Home in Ghana Floor Plans Also, one thing I have noticed

International Real Estate Investing in Ghana: Emerging Trends

Ghana Real Estate Investing: Best Place to Invest in Real Estate in Africa. With enormous real estate opportunities in Africa continent there are still lot of Americans and other westerners that are still second guessing about investing in the continent. Yes,of course Africa continent is not develop like in the west but the opportunities and you get you won’t get it anywhere in the west. Grab your cup of tea or coffee and read along. Take for for instance, some markets in the US like Oregon, Orlando FL, Miami -Dade County, Boston, Coral Gables, Portland, just to name a few, have high-barriers-to-entry in terms of real estate development. The regulations, the expensive land and construction cost remain sky-high. To build, it will take you lots of time to get approved left alone paperwork. Whereas in Ghana, the land is cheap compare to these markets, there no barriers-to-entry. I suggest you visit Ghana to see things for yourself. Are you still second guessing? That begs the question, have you wonder why the Chinese are fluxing to African countries. Exactly! With all respect, most Chinese arrive in the African country they choose with bag packs, and few years later they return home filthy rich. That is the state of affairs now. They see opportunities when others are busy listening to the western media feeding you all reasons not to invest in Africa. In the western media, all you read about is that Africa is poor, hungry kids in Africa, and disease. Yes, Ghana is still poor and has its challenges but we see that in the west as well if people could be more hardheaded rather preconceived notion. Check homelessness in the states. Got my drift? Are you sold on the media’s narrative? Does the media control what you should believe? Maybe it is time to take a trip to Ghana or any other African country to explore real estate opportunities. This post is for people who have foresight to see what Africa will become in the next 15 to 20years time. Winners are people who can see the future. It has always been so in history. Forward thinkers and industrialist like John D. Rockefeller, Andrew Carnegie, Henry Ford, J.P Morgan and Cornelius Vanderbilt, among others who build America saw the future and end up building business empires even in the midst of challenges facing America back then. Ghana started to gain traction and lots of international investors are coming into the country and are heavily investing in real estate, and other sectors. I’m not going to delve into other sectors, I will focus on real estate and reasons why you should start considering investing in Ghana which is why you are reading this post. Are you overlooking real estate development opportunities that exist in Ghana? Let me give you a snapshot of the state of real estate market in Ghana: there is over 2 million housing deficit which translate to the need for housing. Some of the key factors that influences the demand for homes is the growing number of middle-class, rapid population growth, increasing in urbanization and influx of foreigners, tourist and Ghanaian and African diaspora relocating back home which all put pressure on undersupplied housing market especially in Accra. I will elaborate on that in a bit. Why Should Foreign Real Estate Investors Invest In Ghana? Here is why. Ghana is one of the best countries to invest in real estate in Africa for the following reasons: 1.Fast growing sector 2.High returns 2.High demand 3.Government affordable housing 4. Gentrification 5.Stable political environment 6.Rapid population growth. Ghana is without doubt one of the best countries where u.s. citizens can buy property and obtain dual citizenship. That is subject to the fact that you are able to contribute to the development of the economy. Fast growing sector Ghana real estate is one of the fastest-growing sectors in the country. Facing over 2 million housing deficit, according to Kwabena Ampofo Appiah the managing director of the State Housing company , about 400,000 units is required annually and less than 50% of that is being supplied yearly. More housing developments is needed especially in Accra. High returns Depending on your investment strategy and the asset class you are interested in investing, the returns could vary. The annual yield for residential market is between 10% to 13.5% according to Ghana investment promotion centre (GIPC) a body that oversees public and private sector investments in the country. On commercial asset classes like industrial, the yield is between 11% to 14% range annually. Office space yield range is in the range of 8.5% to 12.5% annually. The retail yield is from 8% to 12% annually. According to the UN-SDG Investor Map, investments in the real estate sector have a returns profile ranging from 20% to 25%, depending on the size of project. High Demand There is demand for housing in Ghana. It is a matter of demand and supply. As I mentioned earlier the factors that influence an increase in demand, there are already undersupplied units in the country. Since September 2021, international tourist arrivals increased by 18% while domestic tourists grew by 58%. This year the tourist arrivals hit 41% of the 2023 target. Ghana has recorded 500,000 visitors in the first half (H1) out of the 1.2 million tourists targeted according to the Ghana Tourism Authority (GTA) CEO, Akwasi Agyeman. The Ministry of Tourism, Arts and Culture and GTA which work hand in hand are anticipating an estimated tourism revenue of US$ 3.4 billion against the US$ 2 billion realized in 2022. There is a surge for luxury homes in Ghana, as well as so-called “affordable luxury” as well as affordable housing for low-income earners in the country. This creates an opportunity for investors to choose which market to serve. Government Affordable housing The government is inviting private sector for partnership to provide housing for 60% of the population who need government subsidies in order to be able to afford homes. If affordable housing

Is Ghana Experiencing Real Estate Boom or Market Crash?

Ghana’s real estate market is experiencing a boom in recent years, driven by a combination of key factors such as population growth, urbanization, and increasing foreign investment , Ghana’s real estate sector presents numerous investment opportunities for local developers and foreign investors. For instance between 2016 to 2021 there has been a compounded annual growth rate (CAGR) of 30%. With a population of over 31 million people, Ghana has become one of the fastest-growing countries in Africa, with an annual population growth rate of around 2.2%. This population growth has led to an increased demand for housing, particularly affordable housing. According to a report by Ghana’s Ministry of Lands and Natural Resources, the real estate sector is the fourth largest contributor to the country’s Gross Domestic Product (GDP), with a growth rate of about 8% per annum. Read also:Should you buy a rental property in Accra Ghana? The increasing demand for real estate is also reflected in property prices. According to the Ghana Real Estate Developers Association (GREDA), property prices have increased by an average of 10% in the last five years, with prime areas such as Airport Residential, East Legon, and Cantonments experiencing even higher growth rates. Foreign investors are also taking an interest of Ghana’s real estate market. Some notable foreign investors in the industry include Rendeavour developing Appolonia city, Actis, IndigoHomes among others. The Ghana Investment Promotion Centre (GIPC) reports that the real estate sector attracted the second-highest foreign direct investment (FDI) inflows in 2020, amounting to $259.2 million. This is a significant increase from the $125.2 million recorded in 2019. Furthermore, Ghana’s population growth is expected to continue to increase in the coming years, and this have had a significant impact on the real estate sector. The demand for housing continue to grow, especially in urban areas, as more people move from rural areas to cities especially Accra and Kumasi in search of better job opportunities and a higher standard of living. This population growth also lead to an increase in demand not only for residential but commercial properties, such as office spaces and retail stores. Infrastructure development is another factor that has influenced growth in the real estate sector in Ghana. The government has invested heavily in infrastructure development, including the construction of new roads and the expansion of public transportation. This infrastructure development makes it much easier for ordinary Ghanaian to access housing and commercial properties, particularly in areas that were previously difficult to reach. Read also:IS ACCRA, GHANA REAL ESTATE OVERSUPPLIED? With thatt said, let me touch on the different sectors of real estate in Ghana more detailed. Residential Sector The residential sector is expected to continue to grow, with an increasing demand for affordable housing in urban areas. The major players has been the public and the private sector. The average yield for residential sector is between 10-13.5% per year. Between 2010 to 2021 the developments put up has grown from a total of 3.39 million structures in 2010 to 5.86 million structures. There is an opportunity for developers to invest in smaller, compact living spaces that cater to the needs of young professionals and single individuals.Container housing is also one of real estate trends to be exploited in the country. In addition, the The Ministry of Works and Housing together with the State Housing Corporation has also commenced work on the construction of 6,584 rental housing units at the district level for public workers. New Developments Projects The growth of the rental market is expected to continue in 2023, particularly in the lower and middle-income brackets. There is also an opportunity for developers to invest in sustainable housing solutions that address the growing concerns of home buyers around environmental sustainability. Are you looking to buy your new dream home or investment property or want to make Ghana your next home? Buying a home from a developer saves you time and hassle in building your home in Ghana. We have got you covered. Your only job is to own it by reserving your home today. La margo Villas, is upcoming greenery, lush landscape, eco-friendly, and renewable energy gated community in the beautiful, picturesque hillsview of Kwabenya and Aburi earmarked. There are tremendous benefits when living in a gated community. Read more . Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape the excessive noise of Accra. There is ongoing road construction connecting Berekosu -Aburi stretch. Get intouch with us to reserve your dream home today right here. Read also:12 Emerging & Fast Developing Areas of Accra to Invest in Real Estate Now Commercial Sector The commercial sector is also experiencing growth, particularly in the e-commerce and logistics industries. The rise of online marketplaces and the increasing demand for online shopping are expected to drive the demand for warehouse and distribution facilities. Ghana’s e-commerce is young and is just getting started, the effect of it will continue to drive growth in this sector. The Accra Mall is one of the largest shopping centers in West Africa, and several other malls such as West Hills Mall, Marina Mall, and Palace Mall being put up are attracting both local and international shoppers. The airport city development, located close to the Kotoka International Airport in Accra, is another major commercial and residential real estate project, comprising office buildings, hotels, and retail spaces. The average yield for the retail sector is between 8-12% and 11-14.5% per year for the industrial sector according to Ghana Investment and Promotion Centre. When COVID-19 hit, offices were irrelevant but the market is not dead. Working from home hasn’t been embraced by Ghanaian businesses. Showing up at the workplace is still the norm. There is a growing demand for flexible workspaces and co-working spaces, particularly among startups

A Snapshot of Ghana’s Real Estate Market Report 2023/2024

Although Ghana is currently experiencing economic downturn, however, the housing market in Ghana keeps growing and is expected to grow by US$458.50bn in 2024 according to statista. And Ghana is still one of the best countries in Africa to invest in real estate. I’m going to walk you through an overview of the real estate market in Ghana based on data collected. To begin with, Accra is seen as one of the most central cities in the world— never too far from any destination, faces an undersupply of housing units, with the mid to low end sector accounting for majority of the demand. Based on market analysis, while there are up to 800,000 residential units in Accra, the development pipeline is set to bring an additional 23,000 units on to the market according to Estateintel report. Read also: International Real Estate Investing in Ghana: Emerging Trends This will only account for approximately 3% of the total stock, with majority of thispipeline (80%) falling within the middle income to affordable sectors. The mid to low end residential segments also continue to record relatively high occupancy rates owing to the domestic nature of demand. The short let segment of the market has continued to see increasing demand with tourists and business travellers preferring this medium to hotels. Read also:Why are rents so expensive in Ghana, Accra? -villashark.com WHAT IS GHANA’S REAL ESTATE RENT YIELD LIKE? Ghana’s real estate sector asset classes comprises of residential, hospitality and commercial which includes: office, retail and industrial. All of these sectors got hit during the covid19 especially the hospitality which depends on foreign guest. In a report by Ghana Investment and promotion Centre (GIPC) 2021 Sector report, the average rent yield for residential market is around 10-13.5%, which is one of the highest in Africa after South Africa and Zambia and probably on par with Malawi. Office space, rents fell by 21.4% in the last two years because of covid which saw average rent around $28 per square metre according to Knight Frank Africa report. Obviously when supply surpass demand, most landlord had no option than to give concessions for rent. This was global phenomenon. In retail space average rent was 12.5% the last two years. Ghanaian taste of shopping is increasing as we see more retailers such as Giordano and more shopping malls like West Hills mall the biggest mall in West Africa, Palace mall, a 6,800 sqm A&C mall just to name a few. Read also: IS GHANA REAL ESTATE OVERSUPPLIED OR UNDERSUPPLIED? Although Ghana is regarded as industrial hub in West Africa, the industrial sector rents fell by -44% for the last two years due to same problem. With Volkswagen’s decision to open an assembly plant capable of delivering 5,000 vehicles a year there is going to be increase is rent in this market. This will also attract other players to open plants in Ghana. According to GIPC the average yield is from 11-14%. With that said, post-covid recovery is gradual as all there is increase in demand across asset classes in the country. Become A Homeowner Today In A Greenery & Solar powered Gated Community At Kwabenya, Accra Imagine Seeing Your Kids Running Around On Playground With Their Friends In The Safety Of This Greenery And Lush Landscape Beautiful, Gated Community. How Comfortable And Refreshing Will That Be? Exactly! Are you a foreigner considering investing in Ghana’s real estate market? Or are you a Ghanaian or African diaspora planning to buy your dream home in Accra, Ghana? We have got you covered and would love to connect and serve you. Buying your dream home in a new development project by a real estate developer gives you flexibility with regard to payment plans to choose from. You don’t have to go through all that stress to get building permits and regulations checked. We have done all the hard work. Your only job is to own it by reserving your home now. Get in touch with us today, tomorrow might be too late. La margo Villas, is upcoming greenery, lush landscape, eco-friendly, and renewable energy gated community in the beautiful, picturesque hillsview of Kwabenya, Accra featuring townhomes and apartments. Our residence will enjoy energy reduction on utility bills, worldclass amenities , and facilities such as clubhouse, multi-purpose tennis court within the community and most importantly, flexible payment plans. Let’s help you own your dream home. Get in touch with us. Read also: ECO-FRIENDLY HOMES FOR SALE WITH SOLAR IN GHANA La Margo Villas Neighbourhood Snapshot Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape excessive noise of Accra. Get in touch with us to reserve your dream home today right here. Conclusion In a nutshell, the outlook for the prime residential sector remains positive as the demand keeps growing. The mid-low end segment is a sweet spot for most real estate developers. The market is driven by the two forces: the supply and demand. The demand has an upper hand because it influences the price. Despite the hyper inflation that hit the country in recent time, people still need homes to live. That is why i love real estate. No matter the micro or macro environment factors, there is always demand especially in Accra- one of the fastest growing cities in Africa. Read also:IS GHANA REAL ESTATE OVERSUPPLIED OR NOT? If you are looking to buy your new home or sell your house, villasharks.com platform is the right place for you to post your listings for free. If you are hearing it for the first time, no worries, Villashark is an online real estate marketplace that brings together home seekers, property sellers, renters of houses, and commercial spaces in Accra, Ghana. Ultimately,

IS GHANA REAL ESTATE OVERSUPPLIED OR UNDERSUPPLIED?

I have read online posts, watched comments from regular show hosts about how saturated the Ghanaian real estate market is. Nothing could be further from the truth, but before you throw a stone at the messenger, the numbers don’t lie. Let’s dig into the market, and then draw a constructive conclusion. THE NUMBERS DON’T LIE I have heard Accra real estate is one of the most expensive markets in the world. I won’t argue with that for a second. For instance, penthouses and townhouses are the most expensive residential property types in Accra, with sales prices ranging from US$450,000 to US$2.5 million, according to Broll Ghana. For high-end apartments, the average sales price currently ranges from US$85,000 to US$620,000. According to Knight Frank, there is a growing population in the urban areas and, as a result, about 37.5% of all households in Accra rent homes, which is about 22% of the population. So why then do we talk about saturation if there is a growing population that needs housing? The question is not about oversupply, but the ability to afford it. Arguably, Accra is a less developed modern city. In a separate research finding, roughly 40.4% of households in Accra own their own houses, which constitute 57.4% of the population. This indicates the demand for housing. The Ghana housing deficit of 1.7million, give or take, means people need housing. The increasing urbanization triggers demand for housing in Accra and creates an opportunity for developers. Fortunately, there are no barriers to entry into the Accra housing market. Read also:A snapshot of Accra’s residential real estate market in 2022 PRICING DRIVERS One of the main drivers of Ghana’s real estate prices is land acquisition, which, needless to say, affects the pricing mechanism. Let me give you an example. We scoped out “X” acres of land for development purposes in a somewhat prime location in the city of Accra. The landowner wants a whopping $25million minimum. We went back and forth but the landowner just wouldn’t budge. In this scenario, the cost of the land alone would have been enough to develop the “X” acres of land project, depending on the amenities offered. Now, factor the development and construction cost into it. A property developer is left with no choice but to price the units in order to recoup his investments, debt service and make some somewhat reasonable profit. Take for instance, the prices for fully-furnished three-bedroom houses in Accra range from US$100,000 to US$500,000, which is 15% higher than in the rest of the country. Read also:Why are rents so expensive in Ghana, Accra? -villashark.com DEMAND DRIVERS Accra and, for that matter, Ghana, which is peaceful and rich with culture and friendly locals, is one of the preferred and attractive destinations for tourists and keeps captivating international companies and businesses. There is also a growing number of middle-class population in the country which have a taste for a lifestyle- not just a structure. Furthermore, there is an increasing inflow of mid-executives from neighboring countries and Ghanaians in the diaspora returning home seeking quality housing not just like any other bricklayer. Read also:Top Locations in Accra: Houses and Apartments for Rent or Sale, and Commercial Spaces for Rent NEW DEVELOPMENTS PROJECTS Imagine seeing your kids running around on playground with their friends in the safety of this greenery and lush landscape, beautiful gated community. How comfortable and refreshing will that be? Are you looking to buy your new dream home or investment property or want to make Ghana your next home? Buying a home from a developer saves you time and the hassle in building your home in Ghana. We have got you covered. You don’t have to worry about land litigation. Your only job is to own it by reserving your home today. La margo Villas, is upcoming greenery, lush landscape, eco-friendly, and renewable energy gated community in the beautiful, picturesque hillsview of Kwabenya and Aburi earmarked. There are tremendous benefits when living in a gated community. Read more . Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape excessive noise of Accra. There is ongoing road construction connecting Berekosu -Aburi stretch. Get intouch with us to reserve your dream home today right here. Read also:12 Emerging & Fast Developing Areas of Accra to Invest in Real Estate Now How is the real estate market in Ghana? That brings us to the previous question. The demand for residential and commercial real estate continues to see magnificent growth driven by to rapid urbanization. Accra for instance, the average rent in prime areas is about $4500 per month. With regards to the commercial real estate market, the average office rent per square is $28. That is also true for industrial recording $5 and retail is as high as $45 per square metre, according to Knight Frank Africa Report . Read also:Is Ghana Experiencing Real Estate Boom or Market Crash? What is the current housing situation in Ghana? There is shortage of 1.8million units to meet the rapid increasing demand for housing in the fast-growing country. Although there has been a reduction of 33% from the previous 2.8million in 2010, there is still much grounds to cover. The sector is far away from oversupplied. Accra the Capital city is where everything revolves around in Ghana, followed by Kumasi. Everyone want to live in Accra which puts pressure on the supply side. It is fair to say that the rental market is the landowners’ market as most people rent then owning their properties. Although the government said the affordable housing program is on its high agenda, , the Saglemi housing project which supposed to provide housing for low income earners is a total failure and uninhabited development. Kind of a ghost town. Finally Finally, the

5 Types Of Buyers In Real Estate And How To Close Them In Ghana

Here are five types of buyers: Impulse buyers Bargain buyers Value seeking buyers Pain-in-the-neck buyers Affluent buyers Understanding the types of buyers will help you best serve them well. It has nothing to do with personality traits or a gimmick. It is essential for sales to develop effective marketing strategies and cater to the unique needs of these buyer types. Without much I do let’s delve into the five types of buyers you will meet while trying to sell your properties. 1. Impulse Buyers Impulsive buyers are characterized by their spontaneous purchasing behavior. They often make buying decisions on the spur of the moment, driven by emotions, desires, or the fear of missing out. You can use that to your advantage. Impulsive buyers may be attracted to eye-catching displays, persuasive advertising, or limited time offers. They tend to prioritize immediate gratification over long-term considerations and may experience buyer’s remorse after making impulsive purchases. These are the type of buyers who buy land and start building only to find out they fall in flood zone when it rains. The excitement of the purchase drives them to purchase without analyzing the location. How sell to these types of buyers? You can capitalize on their need to your advantage. This type of buyers doesn’t do any research of price of other properties on sale. Here is how to close them: create a sense of urgency with limited time offers and scarcity messaging thereby creating FOMO (fear of missing out) effect in their mind. Visualization sells, so utilize visually appealing and attention-grabbing marketing materials. Implement persuasive and emotional language in your advertisements or listings. Offer incentives such as freebies or bonuses with immediate purchases. Your job is to captivate their attention from the start till you close them. Don’t let them loose them lose interest otherwise you will lose a buyer. 2. Bargain Hunters Bargain hunters are savvy buyers who are always on the lookout for the best deals and discounts. In simply put, they are on a budget. They don’t want to spend more than what they budgeted for. They are looking for the most affordable price they ever get. They shop from developer to developer, from agent to agent looking to save some money on their home purchase. They invest enormous time and effort in researching prices online and offline, comparing options, and seeking out sales or promotions. Bargain hunters tend to be price-sensitive and seek to maximize their savings. They don’t place much emphasis on the quality of what they are buying, rather, how much discount they can get. They may use various tools and strategies, such as price-comparison of similar properties, or waiting for seasonal sales, to ensure they get the best possible discount before pulling the trigger. Outside real estate, these buyers buy a bunch of items they don’t actually need or may not use in their life simple because they bought it on sales. They are constantly looking for “good deals”. Anything outside that is expensive. 3.Value Seekers This type of buyers focusses on obtaining the best value for their money. They are not price sensitive. They consider a combination of factors such as quality, features, durability, and long-term benefits when making purchasing decisions. This type of buyers put in time to do research on the property, some even ask for a second opinion from other people before committing to a purchase. Value seekers may be willing to pay a higher price for a product or service if they believe it offers superior value compared to cheaper alternatives. They prioritize finding products that align with their specific needs and offer a balance between price and benefits. How sell to these types of buyers? Since they like to read or learn more information about the property or project, your job is to provide them just that and let them make an informed decision. You can also inform these prospects what amenities your property has and what it hasn’t so there won’t be any surprises. By showing your pros and cons you will gain their trust. The buyer will know you are not trying to shovel the deal down their throats. Even though they don’t care about price, tell them, you are more expensive than your competitors because you offer X , Y and Z. You can’t “hard close” them. If you try you will lose them. Let them commit when they are ready. 4.Pain-in-the neck buyers Just like Value Seekers buyers, these buyers also need information- they will request for property information and other relevant information. But making a commitment to purchase is another headache you have to deal with. Most of these buyers can be pain in-the-neck. Most of them end up not buying evening when their preference is met. They will still bug you with endless questions. They have a clear purpose in mind and seek properties or services that fulfill those needs effectively. These buyers prioritize functionality, practicality, and suitability for the intended use. They may seek recommendations to ensure they make an informed decision that aligns with their specific needs. Price may still be a consideration, but it is secondary to finding a solution that meets their requirements. Buyer always have the power and you need to be patient and act professional but these types of buyers you may have to fire them because they are just wasting your time. You could tour with them on multiple units that meet their criteria, but they just won’t buy, rather try to undermine your professionalism. How sell to these types of buyers? If you noticed these types of buyers, let them outline their preferences and all details they needed from you. After you provided them with all details, ask them, “what is one thing that is keeping you from you from pulling the trigger?” That way you will be able to address that. And if they didn’t commit you can fire them. These buyers can make your life a living

10 BIG factors why you should start investing in Ghana’s real estate market 2023

Ghana’s real estate market offers several attractive investment opportunities, including a growing economy and population, improved infrastructure, favorable location, tax incentives, diversification, high potential for growth, high rental yields, stable political climate, and affordable properties. With these factors, real estate investment in Ghana has the potential to deliver high returns and provide diversification in an investor’s portfolio. The country’s growing economy and population, coupled with the government’s investment in infrastructure and favorable tax policies, make Ghana an attractive destination for real estate investment. The residential market in Ghana has experience growth in recent years , but according to globaldata.com it is expected to remain sluggish in 2023 due to a slowdown in the overall economy. Despite this, there is some hope for growth in the sector as the government has announced plans to construct 60,000 affordable houses for civil servants by 2030. This initiative is expected to provide some support to the residential construction industry and help to stimulate growth in the sector. The government’s commitment to affordable housing is likely to attract investment from private sector developers and create new opportunities for growth and development in the residential construction market. With that said, here are 10 factors to invest in Ghana’s real estate market: Growing Economy: Ghana’s economy has been growing at a steady pace in recent years, with a focus on sectors such as tourism, agriculture, and mining. This growth is attracting foreign investment and leading to increased demand for real estate. As the economy continues to grow, the demand for housing and commercial spaces will continue to rise. Growing Population: The population of Ghana is increasing, particularly in urban areas. This is leading to a growing demand for housing, as more people are seeking to live in cities for job opportunities and improved lifestyles. The growing population is also driving demand for commercial spaces, as businesses seek to tap into the increasing consumer market. Improved Infrastructure: The government of Ghana is investing in infrastructure development, including the construction of new roads, bridges, and airports. This improved infrastructure is making it easier for people and businesses to move around the country and access new markets. It is also making it more attractive for foreign investors, who are attracted to the improved transport and communication systems. Favorable Location: Ghana is strategically located in West Africa, making it an ideal destination for business and investment. It is close to key markets such as Nigeria, Ivory Coast, and Togo, and has access to major ports for exporting and importing goods. This favorable location makes it an attractive destination for real estate investment, particularly for businesses looking to expand into new markets. Tax Incentives: The government provides tax incentives for foreign investors in the real estate sector, making it an attractive investment destination. This includes tax holidays, reduced tax rates, and other financial incentives. These tax incentives provide investors with more financial flexibility, allowing them to invest more in the real estate market and take advantage of growth opportunities. Diversification: Investing in Ghana real estate can provide investors with diversification in their portfolio. This is because real estate is a different asset class than stocks and bonds, and has different risk and return characteristics. By diversifying into real estate, investors can reduce the risk in their portfolio and potentially achieve higher returns. High Potential for Growth: The real estate market in Ghana has high potential for growth, making it a profitable investment opportunity. With the country’s growing economy and population, the demand for housing and commercial spaces is expected to continue to rise. This presents opportunities for real estate investors to capitalize on the growth of the market and achieve high returns on their investment. High Rental Yields: Rental yields in Ghana are high compared to other countries in the region, making it an attractive investment destination. This is because of the high demand for housing and commercial spaces, as well as the growing population and economy. As a result, real estate investors can potentially earn high returns on their investment through rental income. Stable Political Climate: Ghana has a stable political climate, making it a safe destination for investment. The country has a long history of democratic governance and is considered to be one of the most stable countries in West Africa. This stability provides a favorable environment for investment, including real estate investment, as it reduces the risk of political instability and economic disruption. Affordable Properties: Properties in Ghana are relatively affordable, making it accessible for both foreign and local investors. This affordability means that real estate investment is accessible to a wider range of investors, including those with limited budgets. Additionally, it makes it possible for investors to purchase multiple properties, allowing them to diversify their investment portfolio and potentially increase their returns. In conclusion, the most compelling reason to do business in Ghana is the quality of its people. Ghanaians are known for their peaceful nature and their willingness to embrace people from diverse cultural backgrounds. This welcoming and inclusive attitude creates a favorable environment for businesses to thrive and grow. The people of Ghana are one of the country’s greatest assets and make it a desirable destination for investors, entrepreneurs and businesses looking to expand their operations. The rich cultural heritage and friendly disposition of the people of Ghana make it a wonderful place to live and work, and the country’s growing economy is an added incentive for businesses to consider setting up their businesses in Ghana.