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Category Archives: Real Estate
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 …
Real Estate Opportunities in The Gambia for Global Buy...
The Gambia is a coastal country in Africa that has emerged as a great area to invest in real estate for both local and foreign buyers alike. The Gambian government is committed to business development and free enterprise. It has a reputation as a tranquil, secure destination, with property conveyancing laws based on the British system, low inflation, fiscal stability, and one of the …
An overview of the Ghana Real Estate Agency Act
Inside the Real Estate Agency Act Under the law, it is only a person licensed as a real estate broker who can provide services associated with real estate transactions. Therefore, any person who performs real estate services without a license commits an offence. The persons who are eligible to be issued with the license are: a. individuals who have passed an examination conducted by …
Ghana Lands Commission to Digitize Records
The Lands Commission has completed digitisation of its manual land records of four land districts in the Greater Accra Region. The exercise, which was done in collaboration with the Office of the Vice President, aimed at fast-tracking land title registration, searches, site plan preparation and other essential documents by the public. The pilot digitalisation process started in 2019 in parts of Accra and would …
Durban named ‘the strongest hotel market in SA’
Comparatively better domestic tourism demand in Durban has seen JSE-listed Tsogo Sun Hotels stick to its plan to reopen the historic 111-year-old Edward Hotel, despite the group already having a significant presence on the city’s beachfront. Group CEO Marcel Von Aulock tells Moneyweb the hotel reopened on Monday, becoming the fifth property the group now operates along the Golden Mile. He says it has …
Pandemic interrupts Nigeria’s housing boom
2019 was a great year for Nigeria’s housing market, with demand rising by double-digit figures. Property listing inquiries surged 72%, according to a year-end report by Nigeria Property Centre. However due to the pandemic, demand suddenly slowed this year. Job losses and salary cuts have prevented many from renting better apartments or purchasing new homes, note PropertyPro.ng. Estate Intel confirms that “many payment plans …
Regulation of Real Estate Agency Services will rid Ind...
Dr Jonathan Zinzi Ayitey, a Senior Lecturer, Kwame Nkrumah University of Science and Technology, has stressed the need for the regulation of real estate agency services to rid the industry of fraud, laundering of illegal income, and tax evasion. He said appropriate regulation would minimise the effect of the vices on the national economy and enhance the international image of the country. Dr Ayitey …
SA Property market rebound Sees Home Loan applications...
There are early signs that the property market is rebounding sooner than expected, as the pent-up demand wave ends and the appetite for home loans grow. Property is certainly more accessible following five successive repo rate cuts since January. With the drop in the prime lending rate from 10% to its current historic low of 7%, many South Africans are finding a footing on the property …
Planning is more important than prediction for Africa’...
An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow – …