In a recent YouTube video, I visited Accra in West Africa to talk about how to invest in real estate in Ghana. A couple of years ago, I posted about a building site and said that I was going to invest millions of Ghana Cedi in it. There were a lot of people saying ‘oh I don't think it's going to get finished’ ‘I don't think you're going to make profit’ but guess what? It's finished, and the market is booming!
In the video (above) I give you a tour of the development, explain the figures, and talk about what my plans are moving forward. I highly recommend watching the full video until the end if you want a complete understanding of this deal.
While much of my property investments are in the UK, I think it is important also to diversify. Ghana is a great place with endless opportunities for overseas investors. In this article, I will give you 3 reasons to invest in real estate in Ghana.
1. Overseas Buyers Can Invest In Real Estate In Ghana Directly
In many countries there are restrictions on overseas investors. In some places, non-residents can’t buy land or can only buy certain types of land. In other places, you can only buy apartments but not the land it stands on. In still other parts of the world, you need a local company or bank to hold the property on your behalf. Not only does this make it difficult for you as an overseas investor, it limits the economic growth of the country.
Ghana, on the other hand, is very welcoming to overseas investment. It is easy to own property and land as a non-resident. This makes it an attractive place to benefit from the growth and development of Africa. If you are an investor from the UK or elsewhere, you will be welcomed with open arms in Ghana. So that is the first reason to invest in real estate in Ghana.
2. Great Location For Business And Trade From The UK
People often think of Africa as a far away and inaccessible place. The perception is often that it can be hard to travel to and do business with. Investors from the UK, and the West more generally, often ignore African nations when they are considering where to put their money. This means there are a lot of opportunities open for savvy investors willing to look beyond the stereotypes.
Ghana is only 6 hours from the UK on a direct flight. It is also in the same time zone as the UK, which is great for business! If you haven’t been to Ghana before it is worth taking a short trip there to see the opportunities for yourself!
3. Africa Is Growing
Africa is developing fast. In many parts of the continent, there is a growing middle class with money to spend. Africa’s population is also growing, with numbers predicted to reach almost 2.5 billion by 2050! As both standards of living and population grows, high quality, affordable housing will become increasingly valuable.
Ghana, with its openness to outside capital, is an excellent starting point for investment in the African real estate market. If you are considering expanding your property portfolio internationally, I highly recommend considering Ghana as part of that plan!
Do You Want To Invest In Real Estate In Ghana Or Anywhere Else In The World?
Do you want to invest in real estate in Ghana or anywhere else in the world? Why not learn from an expert? Join me at my next training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
