Africa Property Investment: Ghana 2007 Property Hotspot
Attractive Yields and High Capital Growth Ghana is an Excellent
Property Investment Opportunity.
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 £40,000. 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 £3000
in Accra five years ago is now selling on average for £15,000
to £20,000. Tourism is the fastest growing industry
in Ghana. A reasonable hotel room in Accra can cost over £200
per night.
Records from the Ghana Tourism Association (GTA) show that
from 85,000 persons in 1995 the number of tourists visiting
Ghana has risen steadily to 304,860 in 1997 and 325,438 in
1998. In 2003, the number of tourist arrivals leapt to 760,543
and the figure is expected to hit over one million by 2007.
Airfares to Ghana are also falling.
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.
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