According to local real estate experts, Ghana’s property development market gained momentum, following the discovery of oil in 2007, boosting economic growth as well as the influx of non-resident Ghanaians and foreign homebuyers. In 2017, Cytonn a real estate company reported that Ghana’s real estate sector remains a sought-after asset class because of higher returns on investment of 18%, which is higher than the one-year Treasury note yield of 15%. This makes it the fastest growing sector and the most influential in achieving rapid economic growth in Ghana.

Currently, there has been an upsurge in demand for housing in the urban areas of the country, especially in Accra, Kumasi and Takoradi owing to the increasing number of migrants. These cities happen to be the most populous cities in the country hence the demand for either accommodation or office space for businesses.

According to the Ministry of Water Resource Works and Housing, there is an increasing deficit of about 2 million housing units as of 2019 in Ghana. To bridge the gap, between 190,000 and 200,000 units would need to be built at a cost of US$3.4bn a year over the next decade serving as a to burden to government.

The UN Report  has indicate that 300 million new homes will be needed by 2030, or roughly 21 million new homes per year, thus bringing global demand to nearly 100,000 new housing units each day. So housing shortfall is a global concern requiring significant attention by all stakeholders across board.

We mitigate partly in our special way via our mission statement and service catalogue, being passionate and concerned about the global call on this housing deficit.