Buying Property in Ghana: Everything you should know
Ghana is among the most well-known desirable locations for tourism and vacation homes in Africa. The country is sited along the coast of the Gulf of Guinea in West Africa. Ghana is known for its loving and hospitable people, rich, vibrant culture, and favourable tropical weather. In recent times, Ghana has seen a surge in the number of non-citizens and citizens from the diaspora who have purchased property and made Ghana their permanent home.
However, due to the complex nature of property ownership and registration, acquiring property in Ghana can be one arduous toil. Buying property directly from a credible developer is a hassle-free way to make a sound home investment in one of Africa’s most peaceful countries.
Here are a few things you should consider before buying a property in Ghana
Type of land
In Ghana, land is owned by the government, families, individuals, private entities, or even a clan. Laws and policies governing these lands differ. You must know the type of land on which your desired property is and its rightful owners. Request a lands search at the lands commission for this information. A private search will also help to prevent any ownership problems.
Non-Ghanaian citizens purchasing property
Property laws in Ghana do not restrict non-citizens from owning property. However, foreigners must always be on guard, search and know the rightful owners of the property they hope to acquire to avoid litigation cases.
Formal purchase and transfer agreement
Before paying for an acquired property, both parties and their witnesses must sign a transfer agreement. It is necessary to hire a lawyer for this process. This is to ensure that the property is acquired safely and under stern legal supervision.
Registration and property tax
After meeting all legalities, the final step to property acquisition is to register your property with the right authorities. Also, as a property owner in Ghana, you are required to pay property tax.
If you choose to buy property directly from the developer, these processes no longer become your issue. You are sure to safely acquire property in a prime location with many other benefits attached.
Own property in a luxury beach resort
Eleven-Eleven is a 5-star oceanfront resort along the coast of Gomoa Fetteh. With its restful ambiance and beautiful landscape, Eleven-Eleven presents an unmatched contemporary experience for residents. Eleven –Eleven offers a breathtaking pool and ocean views, oceanfront villas with rooftop access, penthouses, and direct access to the beach and outdoor area.
Guests have easy access to modern facilities and amenities such as the spa, tennis court, basketball court, banquet center, top-notch culinary delights, and a massive plaza area designed to be the ultimate wedding destination in Ghana.
Managing your property
Acquiring a property at Eleven-Eleven allows you to put your finances to work. Renting out your unit at the resort is a way to make huge returns on your investment with no hassle. The Eleven-Eleven team manages your property after the rental, so your guests can call in to request whatever services they need, and have full access to all facilities.
Oceanfront properties are scarce yet in very high demand. Owning a unit at Eleven-eleven is a resilient investment, as oceanfront properties have a high market and resale value. Eleven-Eleven focuses on bringing comfort to your desired home and reassurance in your investment, thus offering you a variety of housing units and payment options to suit your needs.
Contact us at info@11-11ghana.com