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Don’t rent houses to foreigners without COVID-19 clearance – Atta Akyea to landlords

Government has asked all landlords to as a mandatory requirement inspect the COVID-19 status of all foreigners before renting out properties to them. This is according to the Works and Housing Minister, Samuel Atta Akyea who was speaking during a press briefing on Tuesday. “Landlords must also be wary of potential tenants from foreign countries. It is very mandatory to insist that without a...

Coronavirus: Immigration Service urges landlords to volunteer information on arrival dates of tenants

The Ghana Immigration Service (GIS) has called on property owners and landlords to readily volunteer information if their tenants returned to the country between March 3 to 23, 2020. According to a statement signed by the Head of Public Affairs, Supt. Michael Amoako-Atta, this will enable the security service to effectively and efficiently identify all individuals who came to the country within the...

Africa Construction and Real Estate Awards 2020 launched

InstinctWave has launched the 4th edition of the Africa Construction and Real Estate Awards (ACREA 2020) to be hosted at the Mövenpick Ambassador Hotel in Accra on May 8. The Africa Construction and Real Estate Awards (ACREA), formerly West Africa Construction Awards underwent a rebranding exercise to cover the sub-region and the real estate sector. Hence, the 2020 ACREA will...

Ghana Is Fast Becoming Frontier Investors’ New Best Friend

Midway through the last quarter of 2019, investors looking at Ghana saw a slowing economy, creeping inflation and a currency that had declined against the dollar for 25 straight years. Barely six weeks into the new year, the picture has changed. The cedi is the best-performing currency in the world in 2020, investors fell over their feet to buy into the nation’s $3 billion Eurobond issue,...

Where Will AI Take the Real Estate Market in 10 Years?

Artificial intelligence is here and shows no signs of slowing down. According to PwC, business leaders said they believe AI is going to be fundamental in the future. Most people referred to AI as a “business advantage.” The same survey reports that 63% of people agree AI will help solve complex problems that plague modern societies, and 59% agree that AI will help people live more fulfilling lives....

Billions Poised for Africa’s Real Estate Sector

As Central and Eastern Europe become increasingly popular for South Africa’s property sector due to subdued growth potential and earnings locally, should these funds not be investing closer to home? This is the view of Kfir Rusin, the host of the most significant annual gathering of capital investors in African real estate, the 10th annual Africa Property Investment (API) Summit...

IWG readies for large-scale rollout of its franchise offering in Africa.

Flexible workspace provider, IWG plc has announced plans for a large-scale rollout of its franchise offering for flexible workspaces in a further 14 countries in Africa. At the helm is Mo Nanabhay, who led the franchise start-up and successful launch of both the Pick n Pay and Sasol franchise concept in South Africa and Sub Saharan Africa. This, in an industry where the demand for flexible workspace is...

International buyers are dropping out of US housing market

After strong interest for several years, international buyers appear to be souring on the U.S. housing market. The dollar volume of U.S. home sales to international buyers between April 2017 and March 2018 dropped 21 percent compared with the year-ago period, according to the National Association of Realtors. Of the $121 billion in sales to international buyers, those currently living in the U.S...

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