Finweek English Edition - - COVER STORY - Blair Burmeis­ter

In the 2013 Africa Re­port by Knight Frank, a global real es­tate con­sul­tancy, Ghana’s res­i­den­tial mar­ket is iden­ti­fied as buoy­ant. In re­cent years, Ghana has shown signs of po­lit­i­cal sta­bil­ity and eco­nomic growth as a re­sult of oil and cocoa pro­duc­tion as well as min­ing, which have boosted busi­ness, trade and in­vest­ment.

This has cre­ated a healthy en­vi­ron­ment for for­eign prop­erty in­vestors. Many new de­vel­op­ments are be­ing sold off-plan with the ma­jor­ity of the higher qual­ity apart­ments pur­chased as in­vest­ments to lease by Ghana­ians. As the econ­omy grows, the de­mand for qual­ity res­i­den­tial and com­mer­cial properties will con­tinue to rise. Statis­tics from the coun­try’s Min­istry of Wa­ter Re­sources, Works and Hous­ing in­di­cate a short­fall of 80 000 hous­ing units per an­num. The Ghanain econ­omy is cur­rently ex­pe­ri­enc­ing an in­flux of in­vestors from the West, East and African sub- re­gions and de­mand for lux­ury res­i­den­tial and com­mer­cial build­ings has been on the rise to meet the needs of high- earn­ing in­di­vid­u­als.

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