It’s a reasonably safe bet that Ghana doesn’t immediately spring to mind for most property investors. However, when you look further into what Ghana has to offer, you will see that it deserves a position on anybody’s short-list.
Much of the attraction comes from its tropical location and political stability that most African nations can only dream of. Much of the heritages we have inherited from our ancestors are still here to be seen. Popular examples are the castles. Ghana also possesses some wonderful natural attractions. The beautiful coastal lands remain mostly undeveloped. The property sector of the economy has improved drastically. The systems of buying and registering acquired properties are easy and efficient as compared to the past ten years. Development process is fast and on going with the entire basic infrastructure readily available. Prices remain relatively very low compared to many other countries. A three bedroom properties on a large plot can cost as little as $50,000. The in flow of expatriates and second home owners has increased steadily over the years making the demand for properties very high out weighing the supply. New areas are springing up and thus prices of properties constantly appreciating. For example a plot of land purchased for $3,000 in Accra five years ago is now selling on average for $8,000 to $10,000. This gives an interest of over thousand percent which is better than the bank returns compared. Ghana is becoming increasingly popular and the prospect of development is been realized thus making the property sector very lucrative. Ghana is soon going to find herself at the top of the list.
More people are investing in properties and the government is empowering the private sector in that direction. This is the right time to invest, do not miss this life time opportunity.