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Ghana ready for fractional real estate, say experts

Posted by: In: Real Estate 20 Mar 2014 Comments: 0 Tags: ,

Real estate experts say the fractional real estate sector is set to take hold in Ghana and its capital, Accra, is seeing major construction work

The fractional real estate sector is soon set to take a hold in Ghana, Africa, sector experts predict.

USA-based fractional expert David Dissick and Ghanaian advisers Peter Atsu Tsikata and Alwyn Nartey believe the sector is ideal for Ghanaians who cannot afford the relatively high property prices, but still want to invest in real estate.

Mr Tsikata, the Chief Executive Officer of brokerage and property management company, Millennium Properties Ltd., tells OPP Connect, “We currently don’t have any fractional real estate sales in Ghana, but we have a huge demand for luxury real estate. This demand is fueled by a growing expats population, companies buying for their senior executives and expats, Nigerians with lots of oil money, Ghanaian professionals living abroad but trying to invest in their home country and real estate investors buying for their investment portfolio.”

Fractional ownership, where investors own a fraction of a property and, in return, can live in the home for an equivalent period, would help the thousands of Ghanaians living abroad who want a place of their own when they come to …read more

Source: OPP



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