Ghana Property Articles - Land Purchase, House Permit, Land and More
Property taxes in Ghana, popularly known as property rate, paid on immovable property, is collected annually under the auspices of the Ghana IRS. The Domestic Tax Revenue Service charged with assessing and collection of property related taxes determines how much is to be paid by Ghanaian property owners.
A cross-section of Ghanaians are appealing to the government to intervene in issues relating to the housing sector to enable workers afford accommodation.
Land is a valuable asset, which appreciates or increases in term of price, as time goes on. It is therefore very important that, when you are able to acquire a land, it is registered appropriately and accordingly with the land agencies involved to avoid future land disputes and forfeiture.
In Ghana, as in other developing and advanced countries, there are laws governing the building of houses, and construction in general. These laws, when conformed to, brings sanity into the construction industry, ensuring that all laws are obeyed and buildings built in a way to secure good living for human development.
Blocks and Bricks are both building materials, which can be used for the same purposes. However, the two have varied differences and similarities in terms of price, durability, choices, convenience, and their advantages over each other. In Ghana, the most common building material used is cement, which is employed right from the start to the finish of a construction work; i.e., in producing blocks.
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Property in the form of land or buildings is referred to as real estate. It has become a profitable investment worldwide since real estate mostly appreciates in value over time.
Luxury real estate is high-end properties usually developed for high- profile/ high income / high worth people worldwide. Due to their massive resources and high-level income stream, most of them desire to live an elegant lifestyle, requiring high class buildings with high grade furnishings in a prime location. They mostly buy or own several homes and real estates in different countries across the world.
Is Relocating to Ghana Your Next Priority?
Watch Out for Experiences of Some Return Migrants.
A recent survey shows that Ghanaian migrants after having lived some years abroad return home for various reasons. The most common reason for their return was to find job opportunities at home. These returness came from different countries, namely the United Kingdom (UK), the United States of America, Germany, Norway, The Netherlands, Italy, Denmark and so on.
Land litigation remains one of the major problems in Ghana. Lately, issues regarding land have been on the increase, and have made most of the headlines. There have been a lot of demolishing exercises carried out; land guards selling and reselling lands to people; flooding, and tidal waves invading lands in areas such as Glefe, a community near Dansoman, and all suburbs in Accra in the Greater Accra Region.
Building is a part of our everyday lives, which we cannot do without. The homes in which we live, the offices in which we work, recreational centres, hotels, and all other facilities came into being through building.
In Ghana, as in any part of the world, there are many building contractors and construction firms who undertake building projects. Unfortunately, not all of them are accredited; and lesser; would they even think of introducing their clients to insuring their construction projects or properties.
If acquiring mortgage loan is a challenging and an exasperating option for many average Ghanaians, the interest rates that come with it is proven to be a catastrophic burden to all. In Ghana, many people have decried the rates at which interests are being charged by financial institutions and mortgage brokers, describing them as outrageous!