Ghana Real Estate

It is estimated that Ghana annually fails its national housing demand by between 30,000 and 50,000 property units.  According to industry analysis of this situation it is caused by two closely related factors: firstly property developers are unable to source required investment to enable them to build affordable housing in Ghana and secondly, of those who dream of owning their own piece of Ghana real estate, only 8% can afford to buy property in Ghana without a mortgage and yet mortgages are only accessible to around 15% of the population.

This financial constraint that’s been restricting and limiting the property market in Ghana has finally been addressed and a series of international financial institutions have joined together to create the first dedicated mortgage, home finance and re-mortgage institution in Ghana heralding a brand new beginning for Ghana real estate.  Property investors looking for a truly bleeding edge investment opportunity might like to take a closer look at this West African nation’s real estate market.

Ghana Home Loans Limited has the backing of American, South African and Dutch financial institutions and it has been set up to address both the deficit in the mortgage market and the requirement for superior funding for affordable housing projects across Ghana.  In the past, property developers have built for the middle and higher end of the housing market assured of strong returns on their capital outlay; meanwhile the majority of Ghanaians have been struggling to find affordable properties available for sale or rent.

Ghana Home Loans has the financial backing of a number of local business persons as well as the international financial institutions which means that the company will stay in touch with the demands and needs of the local population and continue to develop new and hone existing home finance products to service demand. 

The mortgage company is not only providing finance for first time buyers, rather Ghana Home Loans is offering re-mortgaging, equity release and also buy to let finance for property investors interested in buying property in Ghana to rent out to meet local demand for rental housing.

To qualify for a mortgage in Ghana applicants will have to prove their earned or self-employed income and their stability in their current job.  Interest rates are quite high and the amount that can be borrowed to buy Ghana real estate is quite low – but at the moment Ghana Home Loans has little or no competition and it is only with the competition that will surely come that the cost of borrowing to buy property in Ghana will be reduced.  In the meantime this initiative is timely and universally welcome in Ghana and you can contact a company called DMI in Ghana for more information about the mortgage products available as well as about land and property for sale in Ghana.

Special Reports: Property News for Ghana

Ghana Property Investment Potential
Property investors seeking an emerging real estate market offering unlimited potential with residential and commercial opportunities should consider Ghana

Ghana Property Buying Guide
Because of land registration issues in Ghana the investment property buying process is quite complex and requires good legal assistance

Ghana Property Investor’s Country Guide
The long term potential in the real estate market in Ghana for property investors is massive.