Q&A: How Do I Buy a House in Ghana as an Expat?

2 bed oyarifa for sale

Making an investment in purchasing a house is undoubtedly one of the biggest decisions anyone can ever make. In Ghana, developers specifically build properties targeting expats. This means there is a large market in Ghana for foreigners. What are some of the steps that need to be considered when buying a house as an expat and can a foreigner buy a house in Ghana? Let’s take a look at what this question.

ANSWER:

A foreigner can buy a house in Ghana. Foreigners can also purchase lands for sale in Ghana. However, lands sold to foreigners are done on a 50-year leasehold basis according to the laws of Ghana. Even if the foreigner has purchased a house, they will still have to pay for the land when the lease is due.

For an expat or a foreigner who wishes to buy properties or invest in the real estate sector, it is important to register with the Ghana Investment Promotion Centre (GIPC). “It would be in favour of expatriates who wishes to invest in the sector to register with GIPC.  This will even be helpful for them especially when they are leaving the country. Some funds can readily be made available for you. That guarantees you security in the business that you are doing here,” says Senior Property Consultant, Natalie Omenye.

When the property is being bought for personal use, there is no need to register with the GIPC but rather, it is necessary to do the checks. There are specific features that most house hunters lookout for and according to property consultant; the most important one is their safety. “Expats are really concerned about their safety. They would want to leave their homes and return without worrying about people breaking into their homes and stealing or committing any crime,” says Omenye. Perhaps this dictates the location and the kind of properties they buy. The are many houses for sale in Accra that are safe and located in very good areas.

Other factors that are of concern to expats when they are searching for properties are: proximity to the airport, availability of schools in their neighbourhood so the children do not sit long in traffic, shopping malls. These factors tend to run through what they look out for. There are other factors that expatriates may look out for. “This depends on the personal choice of the expat; some would want swimming pools in their yards, others would prefer gardens. Some may not even want a house but would rather prefer apartments,” says Omenye. Foreigners should always be able work with reliable real estate companies in Ghana.

Expatriates may have a tall list of must-haves for their dream property but the keyword to purchasing a property in Ghana is getting them from a trusted developer.  There are so many developers in the country and to determine the trusted ones, a thorough search must be conducted. Neighbourhoods to consider for properties as an expat include Labone, Cantonments, Osu, Airport, Dzorwulu, Roman Ridge and East Legon.

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