Affordable Housing Investment Opportunities in Ghana
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Ghana

HOUSING IN GHANA

According to research from the Ghana Real Estates Developers Association (GREDA), a minimum of 170,000 housing units need to be built on a yearly basis over a 10 year period to offset the current deficit of 1.7m, but there is also a chance that this deficit could increase to 2m by 2018.

As the strength of the local currency has decreased, the cost of imported building materials has risen, which has complicated matters. However, a solution to this increased cost is import substitution, which is the replacement of foreign imports with domestic products. An additional cost is the facilitation of access to electricity, sanitation and water.

WHY INVEST IN GHANA?

  • The Ghanaian housing sector has attracted investment from Moroccan and Brazilian companies, as well as being the subject of an agreement between the Department of Rural Housing and Ghana Home Loans.
  • It is estimated that almost 21% of people in Ghana do not own a dwelling or pay rent of any sort, which shows how urgent the need for affordable housing is.
  • Demand for affordable housing will be consistent and strong, for both rental and purchase, as Ghana experiences an urbanisation rate of 3.51%. Microfinance will be very important in the supply of housing and efforts to increase access to this housing should be treated as something of a priority.

INVEST IN SOMETHING GREAT

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