Ghana real estate market news

Here are some recent news and updates on the Ghana real estate market:

Market Trends:

1. Rental yields: According to a report by Knight Frank, Ghana's rental yields have increased by 5.1% in the past year, making it one of the highest in Africa. (Source: Business Ghana)
2. Property prices: The average property price in Ghana has increased by 10% in the past year, driven by demand for housing and limited supply. (Source: Ghana Real Estate Developers Association)
3. Investment: Ghana's real estate market is attracting increasing investment from both local and international investors, driven by its growing economy and stable political environment. (Source: African Real Estate and Infrastructure Summit)

New Developments:

1. Lagos-Burma Road project: The government has launched a new project to develop the Lagos-Burma Road in Accra, which will include the construction of residential and commercial properties. (Source: Ghana News Agency)
2. East Legon Ridge project: A new residential project, East Legon Ridge, has been launched in Accra, featuring luxury apartments and townhouses. (Source: Graphic Online)
3. Kumasi City Mall: The Kumasi City Mall, a major shopping and entertainment complex, has been completed and is set to open soon. (Source: Ghana Business News)

Government Initiatives:

1. Affordable housing: The government has launched a new initiative to provide affordable housing for low-income earners, with plans to build 100,000 units over the next five years. (Source: Ghana News Agency)
2. Real Estate Agency: The government has established a new real estate agency to regulate the industry and protect consumers. (Source: Business Ghana)
3. Infrastructure development: The government has announced plans to invest in infrastructure development, including roads, bridges, and utilities, to support the growth of the real estate market. (Source: Ghana Business News)

Challenges:

1. Land acquisition: One of the major challenges facing the real estate industry in Ghana is the difficulty in acquiring land, particularly in urban areas. (Source: Ghana Real Estate Developers Association)
2. Funding: Access to funding is another major challenge, with many developers struggling to secure financing for their projects. (Source: African Real Estate and Infrastructure Summit)
3. Regulation: The lack of effective regulation in the real estate industry is also a challenge, with some developers engaging in unethical practices. (Source: Business Ghana)

Industry Insights:

1. Growth prospects: The Ghanaian real estate market is expected to continue growing, driven by demand for housing and limited supply. (Source: Knight Frank)
2. Investment opportunities: The market offers several investment opportunities, including residential and commercial properties, as well as infrastructure development projects. (Source: African Real Estate and Infrastructure Summit)
3. Sustainability: The industry is also focusing on sustainability, with many developers incorporating green building practices and energy-efficient features into their projects. (Source: Ghana Real Estate Developers Association)

These are just a few of the recent news and updates on the Ghana real estate market. If you're interested in learning more, I recommend checking out reputable sources such as Ghana News Agency, Business Ghana, and Graphic Online.