Welcome to the Accra Property Perspective, a newsletter by RMK Realty Ltd, your trusted advisor in Accra’s premier real estate market.
Established in 2013, RMK Realty has become a respected name in Accra’s luxury residential, commercial, and land sectors. Though a young firm, our success lies in our extensive network and proven track record. We’ve proudly facilitated lettings and sales for esteemed clients like the US Embassy, the European Union, and the German embassy.
Inside this issue, you’ll find insights into Accra’s dynamic property market, featuring:
Market trends: Stay informed about current trends in Accra’s luxury sector.
Featured listings: Explore exclusive properties for sale or rent.
Local focus: Discover Accra’s most desirable neighborhoods and hidden gems.
We go beyond transactions. At RMK Realty, we prioritize understanding your unique needs. This newsletter is designed to empower you with the knowledge and resources to make informed decisions about your Accra property journey.”
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In Today’s Newsletter:
- Restrictions on purchasing property in Ghana as a non-citizen
- The Booming Real Estate Landscape in Ghana
- Reflections on ARCE 2024: Pioneering the Future of Africa’s Real Estate
- Hottest Properties in Accra Today:
🏠 Are there any restrictions on purchasing property in Ghana with regards to citizenship of another country?
Non-citizens can generally purchase property in Ghana under the Ghana Investment Promotion Centre (GIPC) Act, 2013 (Act 865). However, there are restrictions on land ownership in certain areas, particularly in rural and customary lands, governed by the Land Act, 2020 (Act 1036).
Foreigners can own land on leasehold basis for up to 50 years, renewable. This lease can be renewed upon expiration, but outright ownership of the land is generally not possible for foreigners.
More into this:
- The Ghana Investment Promotion Centre Act, 2013 (Act 865) governs foreign investment in Ghana, including property ownership.
- The Land Act, 2020 (Act 1036) provides regulations concerning land ownership, including restrictions on foreign ownership in certain areas, such as rural and customary lands.
- According to these regulations, non-citizens can acquire land in Ghana on a leasehold basis for up to 50 years, which is renewable. This leasehold arrangement allows non-citizens to use and develop the land for specified purposes during the lease period.
- It’s important for non-citizens to conduct due diligence and seek legal advice to ensure compliance with these regulations and to understand the specific terms and conditions of property ownership in Ghana.
📈 The Booming Real Estate Landscape in Ghana
Per recent projections from Statista, Ghana’s real estate sector is witnessing a rapid growth expansion, expected to reach more than half a trillion dollars by 2028 for both residential and commercial properties, which can be attributed to factors like urbanization, population increase, and government initiatives. This presents loads of opportunities for local and international investors looking for promising avenues to grow their wealth.
💼 Reflections on ARCE 2024: Pioneering the Future of Africa’s Real Estate
The recently concluded Africa Real Estate Conference & Expo (ARCE) 2024, held from April 3rd to 5th, promised to transform the real estate landscape in Africa. Hosted at the UPSA, the event focused on the theme “FINTECH, PROPTECH, AND SUSTAINABILITY – TURNING IDEAS INTO ACTION,” highlighting the integration of technology and sustainability in real estate. Speakers included Mr. Reginald Yofi Grant – CEO of GIPC, Kevin Brown – First Vice President for NAR, Lady Vicky – Founder & CEO for GREPA, Sam DeBord – CEO for RESO, Odette Nyame-Kumi – President for GREPA and several other real estate shapers from across the globe who shared insights on market dynamics, investment strategies, and innovative solutions.
Hottest Properties in Accra Today:
4 Bedroom Townhouse for Sale at East Legon Hills
Features Include;
4 Bedrooms | 1 Outhouse | 5.5 Bathrooms | Drive-through cinema | Mall | Swimming pool
Connect with the agent: +233 55 155 5887
3 & 4 bedroom Apartments for Rent in Cantonments
Features Include;
3, 4 bedrooms ensuite | Kitchen with granite countertops | lots of cabinet storage space | Swimming pool | Lift | Two-car underground parking.
Connect with the agent: +233 55 155 5887
By: RMK Realty Ltd
RMK Realty Ltd, formerly known as RMK Property Management Ltd is a real estate company established in 2013. We primarily focus on selling, purchasing and renting luxury residential, commercial and real properties (land) within but not limited to, the premier areas of Accra.
Contact us via info@rmkrealtygh.com | +233 54 540 1022
