Ghana-Diaspora Home Purchase Expo 2024 launched
The first-ever exhibition to showcase as a prime destination for property investment has been launched in Accra.
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Dubbed: “Ghana-Diaspora Home Purchase Expo 2024”, it will showcase a wide range of housing developments and investment opportunities aimed at members of the diaspora who plan to return to Ghana, especially those looking to settle or invest in the country.
The maiden event, scheduled for December 13, 2024, will feature developers, real estate agents, insurance experts, financial institutions and investment experts, who will offer insights into the current housing market and the best ways to make the most of available opportunities.
It will also highlight the potential for diaspora homeowners to earn passive income through real estate investments.
The Expo is designed to attract both Africans and non-Africans in the diaspora, offering a golden opportunity to invest in Ghana’s thriving real estate market.
It further seeks to empower diasporans to own property in Ghana, promises to serve as a one-stop platform for potential buyers and investors to gain in-depth knowledge about property acquisition in one of Africa’s most peaceful and economically promising countries.
With Nilex Properties as the headline sponsor, the expo would attract multiple property developers to provide range of options to investors such as apartments, flats, condos, townhouses, detached and semi-detached buildings, riverfront and beach front homes.
Launching the expo, the Legal Director of HTS Construction Alex Osei-Owusu emphasized the vital role the expo would play for diasporans interested in investing in Ghana’s booming real estate sector.
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"For those in the diaspora dreaming of owning property in Ghana, this Expo provides a unique opportunity. It’s crucial to not only acquire property but to understand the nuances of land ownership in Ghana.
“At the Expo, we will have expert lawyers who will guide attendees on the legal aspects of property investment. From understanding land tenure systems to avoiding fraud, participants will receive all the legal insights they need," Mr Osei-Owusu explained.
He said that, in addition to the legal advice, “the Expo will host mortgage banks offering tailored packages to potential buyers.
“Attendees will be able to explore flexible mortgage options from leading banks, helping make their dreams of property ownership more attainable," he further explained.
Mr Osei-Owusu encouraged Ghanaians in the diaspora to register and participate “in this landmark event,” stressing that it offered a gateway to secure property in a rapidly growing market with comprehensive support from experts within the real estate value chain.
He explained that the organisers were using the expo to create a platform “to match-make our local real estate developers and practitioners to our friends in the diaspora,” but stressed that it did not mean that the expo was excluding local home purchasers.
Mr Osei-Owusu however, explained that the main focus was on Ghanaians in the diaspora, pointing out that a lot of Ghanaians were based in the UK, the US, Canada and Europe.
He added that Ghana was eventually becoming a destination for Christmas, attributing it to the role played by the Ghana Tourism Authority to woo the diasporeans to Ghana.
Mr Osei-Owusu, said by the expo, “we want to trade Ghana as a destination for economic tourism,” expressing the hope that after the festivities, those people would have invested.
He explained that those who would like to owe properties, had the opportunity to let out such properties for short, medium and long term to earn money for them while they went back to their base.
Mr Osei-Owusu added that the expo was expected to attract all major real estate developers in Ghana and was largely aimed at non-resident Ghanaians who would want to purchase homes primarily as investment but also have a place to stay when they were on holidays/vacation in Ghana
“The event will also feature major financial institutions and insurance companies that provide mortgage facilities and insurance services to customers.”
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“We are now in serious talks with a number of banks,” Mr Osei-Owusu hinted, adding that most of the local banks were now having diaspora desks and mortgage desk and expressed the belief that the expo would be a platform those banks with the desks would be able market themselves to those diasporeans who would be participating.
The Manager Director of Nilex Properties Nilesh More took journalists down memory lane from a humble beginning to developing security-tight luxury apartments.
He said the company had started acquiring lots of lands to enable it to begin developing low housing scheme, assuring potential home purchasers of “very good designs” starting next year.
Mr More said the housing would be built with local materials, thereby creating jobs for the local industry, stressing, “unlike others who are importing materials from China and India, thereby creating jobs for those people, we believe that we should give jobs to our locals, thus boosting our industry.”
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Touching on the expo, Mr More added that insurance companies would also be present to offer discounted packages, while credible real estate developers would showcase ready-to-sell properties.
He emphasized that the Expo’s value to developers and investors alike, calling it "an unparalleled platform for real estate practitioners and stakeholders to directly connect with serious buyers and high-potential investors."
Writer’s Email: severious.dery@graphic.com.gh