Legislation Restricting Ghana’s Property Market Progress

There is absolutely no denying the wealth of potential in the property market in Ghana for everyone from the local home buyer to the individual international investor, from a major property developer to a corporate real estate investor.  However the potential in the market is going largely unrealised and legislation is restricting Ghana’s property market progress significantly.

While house prices in the nation’s capital city of Accra are spiralling out of control and landlords are able to demand ever increasing rental rate increases as the city’s population expands dramatically, no one is willing to commit to the purchase of real estate or land for the development and resale of mid to low range housing stock because old fashioned and poor legislation makes it too risky to do so even though the potential to profit is significant.

If Ghana is to ever truly realise some of its immeasurable potential or even just start off by addressing its intensifying housing crisis, the government has to take swift and decisive action.  Ghana cannot linger as it is with insecurity and instability in its land registration processes if it ever wants to have a healthy property investment climate and realise its overall and long term potential.

The fact of the matter is, in Ghana you can attempt to buy a piece of land only to find that you are not buying it from the real owner – worse still, you can buy land, develop it and then be evicted from the real estate or have property assets confiscated when the real owner comes forth years down the line.  Everyone involved in the real estate industry has been lobbying the government for decisive action for years but still nothing significant is being done and the Land Title Registry is still laughably ineffective and inefficient.

Until there is regulation in the property industry covering everyone from developers to estate agents and there is legislation in place protecting real estate buyers and property owners in Ghana, it will not be able to attract the levels of inward foreign direct investment that it requires, desires and honestly deserves.

Come on Ghana – the world is aware of your nation’s beauty, diversity and potential and many investors are keen to commit to property in Ghana either directly or as part of a development consortium for example – but until you make it safe and therefore attractive for them to do so, you’ll be missing out on investment, advancement and long term economic stability.

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

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