Sunday, October 12, 2014

Reasons For High Of Cost Of Luxury Properties For Sale In Ghana

By Estelle Larsen


The demand for property in Ghana is on the rise. The surge in demand is as a result of a growing number of foreigners who are interested in settling in the West African nation. Properties in urban areas are in higher demand than in the rural areas. When looking for luxury properties for sale in Ghana buyers find the best. In recent years, more Ghanaians who have been living overseas are returning home with the intention to find homes to buy.

Ghana is seen as one of the best run economies in Africa. This has attracted more people who want to exploit the opportunities available in the country. The people arriving from abroad come with their possessions ready to settle and start new life in Africa. Properties in the popular residential areas are the attractive to buyers looking for something close to what they have been used to in the West.

A visit to the powers will demonstrate that countless go to the nation with the sole point of contributing. They need to be educated on the best parts with respect to the economy they can put their assets in. This is giving the economy a real support in the right bearing. Individuals who have been far from Ghana for quite a while may not perceive the capital when they return after a few years abroad.

When foreign investors come to Accra, they stay in hotels for several weeks. Living in hotels is more expensive than in apartments. This has made the investors look for properties to buy or rent. As a result, the increased demand has pushed the prices of properties up. Property developers are putting up new structures to satisfy current and future housing demands by the foreigners.

Properties around the airplane terminal are popular. This is on the grounds that the financial specialists need to have the speediest connection to the airplane terminal if there should be an occurrence of issues in the capital. They need to be guaranteed of their own security and that of their property. A ton of property has been produced around the airplane terminal throughout the last few years.

Prospective home buyers need to be careful when identifying legal ownership. This is why it is important to work closely with the relevant authorities. Working with the appropriate agencies will ensure the right procedures are followed. Following the legal procedures will help the buyer avoid any mishaps during the process.

Many people living in the capital do not own the homes they live in. Over 35% households in the capital live in rented homes. Property owners who wish to rent their homes will make about 7% returns on their investment. Demand for rental properties will continue growing as more people relocate to the capital in such of opportunities offered by the developing economy.

Amounts paid for rent are negotiated freely. There is no restriction on rent increments. Landlords are allowed by law to collect six months rent in advance. Subsequent rental payments are required by law to be done after a six month period. However, some property owners demand rent for a longer periods than what is required by law. Tenants still pay what is asked as the demand for homes is high.




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