@Pezza,

It is pointless in a foreign land to buy property directly from locals, as you do not know the terrain. The land from the local chiefs in Ghana is popularly called stool land. They are relatively cheap but it is not worth the risk.

In ghana if you are interested in real estate buy from reputable real estate companies that are members of GREDA (Ghana Real Estate Development Associations).,

A handful of a few includes :-

RedRow Developments :- www.redrowghana.com
Devtraco Ltd :- www.devtraco.com.gh
Falcon Crest Ghana :- www.falconcrestghana.com


Best Regards

@Pablo

Which parts of Lamu are attractive now?

@Young...am relatively new in the forum & i hv gone thru your very interesting posts. I also took a novice dive into real estate last yr getting some property nt only in my home country Kenya (outside Nairobi!!!) bt in Ghana as well. I invested in 4plots in Dawhwenya near Tema @16kUSD.Apart from the 3 GREDA accredited firms u listed (falconcrest etc), do you know any other credible ones with installment schemes?. The Greda site has a very long list.
Having burnt my fingers with equity funds, i was kind of reluctant towards stock. Which funds/stocks would you recommend in Ghana?? and what hv been your returns so far?
I think Ghana has enormous potential & only the years will tell. Do you think this Dodowa capital city thing will be realised?
Can we email?

@Rapudox


The wazua spirit as members are to educate and inform and learn from each other within the limit of what we know in any chosen area irrespective of our differences intribes, nationalities, religion. I keyed in to that vision since 2007 and I have been informing and learning from others here. It is our duty not a favor. Wazua itself is a tribe which to me means a family of
various people.

Let me acknowledge that you have a fair knowledge of Accra Ghana Terrain. As you rightly know expansion outside accra city and invariably estate development are in this vicinities all in greater Accra Region like :-

TEMA Axis Akosombo road axis like Afienya, Shai Hills
Aflao Road area like Dahwenya, Pram Pram

EAST LEGON Axis :- East Legon Extension like Santoe
areas

DODOWA AXIS :- Adenta, Oyibi, Madina, Dodowa town

ABURI AXIS :- Aburi and sorrounding mountains
vicinity, attractive to foreigners
because of typical cool temperatures,
the coldest place in Ghana

Dodowa as the future capital of Ghana rather than Accra is just a long term plan as Ghana at the moment do not have the financial muscle to finance that bearing in mind other pressing developmental needs. But people are already positioning by buying plots in anticipation of this in the nearest future as this will make property prices to explode. I have bought 2 plots in Oyibi town which is a direct neighbourhood of Dodowa.

This is a property thread so I will not talk much about stocks. Take a look at Ghana based Fund manager /Stockbroker www.databankgroup.com
Take a look at the following products :-
Epack, Mfund, Bfund, the facts and figures of the performance are there for you to see. Ghana bourse is a small one that is not very liquid at the moment, but I invest in GCB (Ghana Commercial bank), GGL (Guiness Ghana Limited), FAN (Fan Milk Limited), and UNIL (Unilever Ghana). The returns have been very splendid for a long term investor like me.

You can check my Email contact in my profile.

Lest I forget most Ghana real estate firms operate the same way in terms of instalmental payment. Of recent 40% down payment, and balance of 60% spread over 12 to 24 months. The terms were more flexible a few years back.

I mentioned the 3 property agents since I do business with them, but I believe other GREDA members are equally good. Please permit me to mention this Govt owned dynamic estate firm that has been in existence close to 50 years now. I am referring to TDC Tema Development Corporation. Their prices are a little bit on the expensive side , but if you do business with them you can go to sleep, as your investment is doubly assured. They only have plots and houses in Tema area. Recall Tema is where the biggest port /harbour in Ghana situates (about 25 minutes drive from Accra). It is what Mombossa is to Kenya, but it has the added advantage of being of close proximity to the capital Accra.

Tema Development Corporation (TDC) www.tdctema.org


Best Regards

@Young...ths for the quick elaborate response. I like the wazuan spirit!! I will check out those leads esp. Databank. I absolutely fell in love with Tema but found TDC very expensive, so i opted for Dahwenya which i paid cash.Amazingly, 100*80 TDC was going for max. 14kUSD 2-3yrs, now they are all over 20kUSD. I think those installment schemes are superb for salaried & i will definitely use them to expand my investements especially around Afienya(saving for at least 2plots),Dawhenya (saving for 4 more plots) and maybe Prampram. ABuri is marvelous...what are the actual rates of a plot there at the moment?