Ghana Real Estate 101: Tips For Beginners, Buying Land, & Things To Avoid

Ghana Real Estate 101: Tips For Beginners, Buying Land, & Things To Avoid
Buying Real Estate



Make sure you like this video and leave a comment.

Contact Kweku:

P: +233-24-236-1197
E: eric.cleanteam@gmail.com

Download your copy of Akwaaba: The Ultimate Guide To Your Stay In Ghana:

https://timswain.com/akwaaba

Contact me:

IG: https://www.instagram.com/mrtimswain/
W: https://www.mrtimswain.com
E: info@mrtimswain.com

Timestamps:

00:00-Intro
01:03-Getting into real estate
3:30-Basics of buying land
6:00-Land verification
9:20-Land leases and agreements
13:15-Where to buy land
16:50-Important questions to ask
21:00-Comparing land prices

#ghanarealestate
#africanamericaninghana
#timswain

source

Articles You May Like

Best books for real estate investors and beginners!
Here's Why I Didn't Go to College 🎓 #college #youtubeshort #foryoupage
Mastering the Real Estate Mindset before getting started
How To Make Money with Excel As A Beginner!
When Buying a Foreclosure Home | Real Estate Financing | Real Estate Lawyers | LegalShield

10 Comments

  1. Am a Ghanaian and this brother is so right. Ghana is beautiful and Accra is overrated. Look outside Accra and live in peace for less. You can always come to party in Accra for the weekend

  2. It is also biblical thst u don't sell your land to strangers therefore keeping strangers from overruling technical a stranger is not suppose to over you only those that are of your tribe

  3. He consistently kept saying "you should find out" a multitude of things, A true real estate professional does the due diligence along with legal assist. AA blacks should seek a member of GREPA; All are professionally trained, licensed or certified, Your guest described potential horror stories. Expats please get in contact with GREPA agents ot brokers. Your previous guests from SANKOFA realty and others can save you cash, time and heartache.

  4. THIS LAND ISSUES ALWAYS SKIPS PAST THE BASIC POINT HE MENTIONED. WE, FROM THE WEST, THINK OF "BUYING LAND" AS HOLDING AN ACTUAL "OWNERSHIP TITLE", NOT A "LEASE" ON IT. WHAT HE SAID IS THAT NO ONE CAN ACTUALLY "OWN LAND" IT IS ALWAYS LEASED BY THE HISTORIC OWNERS AND STAKEHOLDERS.

    THIS "NON-OWNERSHIP" IS NOT WHAT MOST EXPATS HEAR, BUT IT IS THE BASIC PROBLEM. YOU CANNOT KNOW WHAT CHANGE IN GOVERNMENT OR LAWS WILL HAPPEN WITHIN 50 TO 100 YEARS. WITHOUT GETTING A CLEAR AND TOTAL DEED, YOU ARE JUST RENTING FOR A PERIOD THAT COULD CHANGE AT ANYTIME, AS IT HAS.

    THIS OLD TRIBAL AND COLONIAL SYSTEM IS COMPLETELY FOREIGN TO SOMEONE IN AMERICA WHO SEES GUYING LAND AS ACTUALLY OWNING LAND. IN THIS DAY AND AGE, THIS ISSUE WILL STALL ANY LARGESCALE DEVELOPMENT.
    TIM, I ENJOY YOUR CHANNEL.

  5. You can use all the tips in the books to buy land, your land is still not safe. The loudest mouth in Ghana, Kennedy agyapong kraa buys land and ppl find ways to collect it from him. The smartest thing to do is to buy from gated communities, it’s expensive but it’s the safest bet.

  6. Thanks for this conversation and his expertise. Not sure if he captured this but Ghana's land tenure system is very much a function of Ghana's pre-colonial economic, political and cultural system of governance. It is anathema in most pre-colonial African societies for land to be owned by an individual. This is very much a white, western economic and cultural construct. Pre-colonial Gold Coast practices collectivist capitalism. Land is owned by the stool/clan/family and is owned in perpetuity for generations unborn, the living, as well as the ancestors. Living generations leverage and grow the asset to their benefit but they never own it outright. Royals are merely custodians of the land, and manage it for the benefit of the community and stool. This system worked perfectly in the past. In the present, it CAN work perfectly and avoid the very generational dispossession of land that so many Africans and African Americans have been victims of under forced colonial or racist appropriations. Ghana does not have the generational dispossession that plaques most of East and Southern Africa. The problem in Ghana is CORRUPTION both by stools and government functionaries; an archaic and outdated property and tax structure as well as limited use of technology and data in land administration nationally. The current government is working simultaneously on the last two i.e. technology and an overhaul of the property tax structure in order to tackle the first i.e. corruption. It will likely take Ghana 5-10 years to unwind the mess because there is so much demand for real estate. But they should avoid throwing out the baby with the bathwater. The old understanding of land ownership is the CORRECT one. Ghana should not revert to a free hold system and I say this as somebody who owns multiple properties in Ghana under lease hold title, and free hold elsewhere. If corruption is eliminated in the system, stools receive and generate sufficient income through property taxes and rental fees and current occupants have the legal protection and economic freedom to leverage the asset fully, a shared ownership in perpetuity with the original stool owners is a win win for all involved.

Leave a Reply

Your email address will not be published.