Traditional leaders have been advised not to overvalue their lands in order to help address the housing deficit in the country.
It is obvious that acquiring huge tracts of land has become a herculean task over time, particularly in developing countries.
These difficulties occur as a result of rural land alienation caused by insecurity and conflict over tenure. Chiefs are sometimes criticized for such problems because they are considered land caretakers.
The Public Relations Officer of Ghana Real Estate Meet-up Mr. Anastas Anderson, who made this statement during the third edition of the Ghana Real Estate Meet-up in Accra, warned that if the scourge persists, it will drive investors away.
This he said, the Ghana Real Estate Meet- up, was aimed at addressing all these challenges confronting the real estate industry.
Ghana Real Estate Meet Up is a networking and investment event all stake that attracted all stakeholders in the real estate industry. The event also highlighted the country’s real estate and related industry opportunities.
“This being the year of return, a lot of visitors will be coming to Ghana, so there must be a standard that is catching so that people in the diaspora convey a positive message,” he says.
The Western Regional Minister and Member of Parliament for Takoradi, Hon Kwabena Okyere Darko-Mensah, assured Ghanaians that the government will continue to support the real estate business.
He seized the opportunity to urge all investors to invest in the Western region when it comes to real estate.
According to him, the Western Region has more when it comes to natural resources. “If you want to get money then come to the Western region because 98% of Ghana’s raw materials come from the Western Region,” he disclosed.
Mr. Paulo Cruz, Chief Executive Officer of Landagrique, also urged the government and industry players in the real estate sector to collaborate in order to address Ghana’s housing deficit.
Mr. Paulo Cruz advised developers to consider 0.5 percent of Ghanaians with middle-income when grading their properties.
By Bernard k DADZIE