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Registration of Real Estate Professionals To Commence ...
In order to ensure and have a credible data-based ecosystem in the real estate industry in Ghana, the Real Estate Agency Council (REAC) has announced its quest to commence the registration of key players in the industry before the end of the year. According to the Council, the initiative to register intermediaries in negotiating and arranging real estate transactions such as agents, property brokers, …
The Process for Buying Land in Ghana
Categories of Land Ownership In terms of ownership, lands in Ghana can generally be put into 4 categories: Government/State lands, Private / Individual lands, Stool lands, and Family lands. It is always very important to know the category in which the land you wish to buy belongs because that will ultimately determine the procedure for the acquisition of that land. In other words, you can’t acquire …
What to Know about the National Rental Assistance Sche...
The Ghana government on Tuesday, launched the National Rental Assistance Scheme (NRAS) to provide rent loans to both formal and informal sector workers with verifiable and regular income. The first phase of the scheme to be implemented with GH¢30 million will provide eligible Ghanaians with a mechanism to pay low monthly rent, which effectively removes the need for rent advance payment within five regions …
Rental Housing Association of Ghana Launched
The Rental Housing Association of Ghana (RHAG) has been launched with a focus on addressing issues pertaining to the improvement of the rental housing industry in Ghana. The association would also serve as a voice of advocacy for all stakeholders within the rental housing space in Ghana. RHAG is made up of property managers, landlords, property managers companies, real estate managers, rental housing management, …
Considerations for Landlords Before Renting Property i...
Mr. Emmanuel Horvey Kporsu, PRO Rent Control Department has reiterated that any property owner who wants to venture into the property rental business must first equip him or herself with the laws of the country governing the sector. Speaking on National Television, Mr. Kporsu indicated that no landlord or property owner can rent out their facilities without due process. He added that you cannot …
Ghana Stool Lands to Go Digital
The Office of the Administrator of Stool Lands has joined hands with Lands Commission in the digitalization of land management in the country, a move the Deputy Minister For Lands and Natural Resources, Honorable Benito Owusu-Bio called a step in the right direction. As the various sectors of the economy goes digital, the Office of the Administrator of Stool Lands (OASL) which falls under …
5 Mortgage Providers In Ghana You Need To Know
Housing or shelter is considered as one of the most important basic needs in everyday society and it’s a dream come true for many people. However, not everyone has the means to accomplish that desire. This is where mortgages come in to save the day. Mortgages are loans taken to buy homes or property. In Ghana, the following financial institutions can be considered when it …
New Lagos Real Estate Regulatory Law to Boost Investor...
Principal Consultant, Kunle Faleti Consulting, Mr. Kunle Faleti (left); Lagos State Commissioner/Attorney General for Justice, Mr. Moyosore Onigbanjo; Special Adviser to Governor on Housing, Mrs. Toke Benson-Awoyinka, Permanent Secretary; State’s Ministry of Housing, Mr. Wasiu Akewusola and Senior Special Assistant to Governor on Housing, Mr. Ayodeji Amodu at stakeholders forum on real estate held at the Oriental Hotel, Victoria Island, Lagos.
Land Lease Agreement: Part 1
What is a land lease agreement? A land lease agreement is also known as a ground lease, refers to the leasing of a plot of land. It is a type of commercial real estate lease in which a lessee is permitted to build on the rented land. A land lease can be used for a wide range of purposes, stretching from commercial to residential …
Ghana Gov’t Commits to Litigation Free Lands for Diasp...
The Minister for Finance, Ken Ofori-Atta has assured the diaspora community of the Government of Ghana’s commitment to ensuring Land Security for their Real Estate Investment in the Ghanaian property market. In response to a question regarding efforts of the government to attract more diaspora investments into the real estate sector during his media engagement after the Ghana Diaspora Investment Summit organized by the …
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