Accra Property Perspective - August Edition

In This Edition:

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●?????? ?? Understanding the Various Types of Deeds and Titles in Ghana

●?????? ?? Key Trends Shaping the Future of Real Estate in Ghana

●?????? ?? New Listings in Accra

?? Understanding the Various Types of Deeds and Titles in Ghana

Owning a property in Ghana involves more than just purchasing land or a building; it requires understanding the legal documents that prove ownership and establish rights over the property. The land tenure system in Ghana has undergone several reforms in a bid to simplify proof of ownership and make land transactions safer. Here’s an overview of the different types of deeds and titles you may encounter in Ghana:

1. Indenture (Deed of Conveyance): An indenture is a legal agreement that transfers ownership of land or property from seller to buyer, detailing the sale terms and endorsed by a lawyer.
2. Deed of Lease: An indenture is a legal agreement that transfers ownership of land or property from seller to buyer, detailing the sale terms and endorsed by a lawyer.
3. Deed of Assignment: A deed of assignment transfers lease rights from one lessee to another before the lease expires, allowing the new lessee to inherit the remaining lease term and obligations.
4. Deed of Gift: This legal document transfers property ownership as a gift, usually among family or close associates, without any exchange of money. It must be witnessed to be valid.
5. Land Title Certificate: Issued by the Lands Commission, this certificate is the strongest proof of property ownership, providing legal protection and required for property transactions, securing loans, and other legal matters. To begin a Land Title Registration Process, you will need a certified site plan and a well-prepared and endorsed indenture plus tax Stamp.
6. Deed of Mortgage: A deed of mortgage outlines a loan secured against a property, giving the lender rights to the property if the borrower defaults on the loan. It's crucial in real estate financing.

Whether you’re buying, selling, leasing, or gifting property, ensuring that the appropriate deed or title is correctly executed and registered is crucial to protecting your investment and avoiding future disputes.

?? Key Trends Shaping the Future of Real Estate in Ghana

As Ghana's real estate market continues to evolve, several key trends are set to shape its future. The concept of urbanization for instance will drive up housing demand in cities like Accra, prompting developers to focus on creating more affordable housing solutions to meet the needs of a growing urban population. Also, sustainable and green building practices will become increasingly important as both developers and buyers prioritize eco-friendly living spaces. The rise of mixed-use developments will cater to the needs of urban dwellers by offering a blend of residential, commercial, and recreational spaces, reducing the need for long commutes. Moreover, the integration of PropTech will transform the real estate market by streamlining property transactions and management through technology. These trends signal a dynamic future for real estate in Ghana, offering opportunities for growth and innovation in the sector.

?? New Listings in Accra

6.5 Acres of Estate Land Available at Abgobga, Ablor Adjei

? Discover the perfect location for your dream house! Located within the prestigious Eden Villas at Agbogba, Ablor Adjei, just 10 minutes from Haatso KFC, this estate land offers an exceptional opportunity.

Features:

●?????? Gated Community with 24-hour security services

●?????? Serene and Peaceful Neighbourhood

●?????? Underground Drainage System

For pricing and more information, please call +233 54 540 1022 / +233 55 155 5887

Luxury 4-Bedroom House for Sale at Abgobga, Accra.

? Discover your dream home in the serene and prestigious estate in Abgobga. This stunning 4-bedroom, 4.5-bath residence offers exceptional features for modern living.

It features 4 generously sized bedrooms, each with its own ensuite bath, a separate boys quarters, a dedicated study room, and a furnished kitchen equipped with top-of-the-line appliances.

Relax on the beautiful terrace, perfect for entertaining or enjoying peaceful evenings. Additional amenities include a secure garage for your vehicles and storage needs and 24-hour security. Located in a gated community, this home provides a safe and exclusive environment for you and your family.

Price: $ 220,000/Cedi Equivalent

Contact Misbawu to Schedule a Viewing +233 54 540 1022

Office Space at Danquah Circle to Let

?Looking for the ideal office space? Then our newly listed office should be ideal for you! This office space will give you the convenience and accessibility for your business needs. It is located near major transportation routes and surrounded by the vibrant commercial environment in Danquah Circle.

Features of this office space include:

●?????? Two wide office rooms

●?????? Well-appointed washrooms

●?????? Air-conditioned units

●?????? Ample parking space

●?????? Backup amenities

Contact to Schedule a Viewing +233 54 540 1022 / +233 55 155 5887

Sponsored By: RMK Realty Ltd

RMK Realty Ltd is a real estate company established in 2013. We primarily focus on selling, purchasing and renting luxury residential, commercial and real properties (land) within but not limited to, the premier areas of Accra.

Contact us via [email protected]