New horizons for real estate in Ghana
Usually there is a tendency, in the collective imagination, to associate African nations with poverty. Despite the fact that compared to Western realities, indeed, the African continent is in any case backward, currently some countries seem to be experiencing a new golden period. The protagonist of both this new positive wave and today's article is Ghana.
But let's see how and above all why!
Where does Ghana first start from? This is a very special land. In recent years, after a long period of stalemate, the economic trend has evolved. Even in the real estate market. Indeed, this sector has succeeded in bringing the entire economy with it to a new phase: that of growth. This result was possible thanks to the support of numerous foreign and national capitals.
According to the main national statistical reporting agencies, the growth of Ghana, in economic terms, (in addition to real estate) makes this state increasingly attractive. It also appears to be one of the most interesting economies of all of Africa.
Above all, the capital, Accra, is perfectly positioned. A real fulcrum for those who find themselves passing by this continent (in the western area) both for travel but above all for work.
What are the forecasts of both the economy and the Ghana real estate?
As always, it is difficult to give a clear and close answer to reality. This year, we can say that, in the last quarter, the economy has had a growth rate that has doubled that of the previous year (in the same period).
It is estimated that GDP can grow up to 8% more in the coming months. This is a factor to be taken with pliers, considering that it represents an element of evaluation not only quantitative but also qualitative.
The question also influenced and continues to influence real estate. Its strong stability is in fact an excellent base for both the high end (rarely in crisis) but also for the more standardized segment. We owe this also to the numerous redevelopment works, which primarily involved the capital, and then expanded into the other surrounding areas. Most of the most requested properties are located in the following areas:
• Airport Residential Area
• Cantonments
• Labone
• Roman Ridge
• Ridge
• Airport Hills
• Burma Hills
• East Legon Hills
• East Airport
The type of property that is the most popular, is represented by the penthouses, for the luxury segment, from the terraced houses to the normal one. As for the average price, for high-end properties, it starts at $ 85,000, to reach maximum levels of $ 600,000.
But what are the risks of an investment in Africa? Undoubtedly, the main drag on investors is the weakness of the currency, associated with a bad fiscal management by the government. The dependence of economic activity on the export of raw materials has for years blocked the growth in terms of know-how of other sectors. But this seems to be the turning point for Ghana!
But let's see how and above all why!
Where does Ghana first start from? This is a very special land. In recent years, after a long period of stalemate, the economic trend has evolved. Even in the real estate market. Indeed, this sector has succeeded in bringing the entire economy with it to a new phase: that of growth. This result was possible thanks to the support of numerous foreign and national capitals.
According to the main national statistical reporting agencies, the growth of Ghana, in economic terms, (in addition to real estate) makes this state increasingly attractive. It also appears to be one of the most interesting economies of all of Africa.
Above all, the capital, Accra, is perfectly positioned. A real fulcrum for those who find themselves passing by this continent (in the western area) both for travel but above all for work.
What are the forecasts of both the economy and the Ghana real estate?
As always, it is difficult to give a clear and close answer to reality. This year, we can say that, in the last quarter, the economy has had a growth rate that has doubled that of the previous year (in the same period).
It is estimated that GDP can grow up to 8% more in the coming months. This is a factor to be taken with pliers, considering that it represents an element of evaluation not only quantitative but also qualitative.
The question also influenced and continues to influence real estate. Its strong stability is in fact an excellent base for both the high end (rarely in crisis) but also for the more standardized segment. We owe this also to the numerous redevelopment works, which primarily involved the capital, and then expanded into the other surrounding areas. Most of the most requested properties are located in the following areas:
• Airport Residential Area
• Cantonments
• Labone
• Roman Ridge
• Ridge
• Airport Hills
• Burma Hills
• East Legon Hills
• East Airport
The type of property that is the most popular, is represented by the penthouses, for the luxury segment, from the terraced houses to the normal one. As for the average price, for high-end properties, it starts at $ 85,000, to reach maximum levels of $ 600,000.
But what are the risks of an investment in Africa? Undoubtedly, the main drag on investors is the weakness of the currency, associated with a bad fiscal management by the government. The dependence of economic activity on the export of raw materials has for years blocked the growth in terms of know-how of other sectors. But this seems to be the turning point for Ghana!
