Ghana-Diaspora Home Purchase Expo now twice yearly 

Organisers of the just ended Ghana-Diaspora Home Purchase Expo 2024 have resolved to hold the event twice a year and not annually.

This follows a huge virtual participation and interest shown among diaspora Ghanaians in London, Germany, US, Canada and Australia.

Participation

The participants/attendees benefited from free legal, investment, tax advisory services from experts in the various fields, while real estate developers who participated and mounted exhibition of their products took turns to introduce and market their apartments, flats, condos, town houses, serviced plots among others.

The two-day expo, the maiden edition, was organised by HTS Constructions and sponsored by Nilex Properties on the theme, “Our homes, our investment, our heritage."

The expo attracted both in-person and virtual, assembled Ghanaians and others in the diaspora with plans to resettle or own properties in Ghana to interact with real estate developers participating and exhibiting at the venue.

Excitement among diasporas 

The lead organizer Alex Osei-Owusu, speaking at the end of the expo, said the objective of the expo to create a one-stop avenue where those in the diaspora and players in the real estate sector would interact and do business was met beyond expectation.   

He said the interest and enthusiasm of the participants was overwhelming, “and we the organisers think we should heed to their request and so, we are going to hold another one in the course of the year before the December one again.”  

“Thanks to the headline sponsor-Nilex Properties Limited, which also outdoored its ultra-modern 19-story block of smart apartments that boast of the state-of-the-art luxury in city living,” he added.

He said it was obvious that a lot more “of our compatriots out there did not get the opportunity to participate and going forward-we shall foster closer links with these Ghanaian communities overseas to reach out to more Ghanaians and other non-residents persons to raise awareness of the huge opportunities in the real estate industry in Ghana.”

Buying apartment

Mr Osei-Owusu said it was more convenient, safer and stress-free to invest in apartments or already constructed housing units than buying plots of lands to build, considering the frustration in getting a litigation-free plot of land.

“That is not all, after acquiring all the genuine documentations if you are lucky, another challenge you will be confronted with has to do with the artisans to work on the plot. 

"So, don't waste your time going through all those frustrations with landlords and artisans. Just buy an already made house and move in," he added.

Mr Osei-Owusu advised Ghanaians in the diaspora that the time when they were advised to invest in building a house had long gone, the discussion now was that, “if you get money, buy an apartment or a house instead of building.”

He said the organisers intended to make Ghana the destination (hub) for real estate investment and economic tourism in Africa.

“We shall also move the expo to locations outside Ghana with large Ghanaians such as London, Hamburger, Atlanta, Washington-Maryland-Virginia, Massachusetts, New York, Toronto and Sydney,” Mr Osei-Owsu, who is also the Legal Director at the HTS Constructions.