A Ghanaian civil servant friend of mine once told me how impossible it was to own land in Ghana due to the fear of being duped by fraudsters and costly prices of land in Ghana and Accra especially. I was very much taken by surprise at his comments as in my opinion, the process of buying land and owning land in Ghana has become so simple and straightforward that almost anyone could buy and also have confidence in the buying process.
With the rapid up-spring of Real Estate Development in Ghana over the past few years, Ghana now offers so much more to Ghanaians looking to invest in property or land and the process can be very rewarding. However, there are some important things to be sure of before you make any purchase.
First of all – Who owns the land?
You will need to establish who owns the land. Our advice is to buy your land from a real estate developer if at all possible. It is the safest option to take when buying land in Ghana at the moment. Real Estate Developers such as PS Global, Magna Terris, Castle Gate Estate to name but a few. All these companies sell land in Ghana and offer flexible and affordable payment schemes to help you acquire the land by paying in affordable instalments More importantly when buying from Real Estate Developers such as the above named companies, you are sure that you will not be duped or taken for a ride.
If you are buying from an individual, you will need to ensure that you validate that the person or persons you are buying from are the legitimate owners of the property you are proposing to buy.
In the past Ghana has been most notorious for property owners selling property to more than one buyer. To protect yourself ensure a land title search is performed by the appropriate government office and also carry out a valuation. There is usually a fee for these which is paid for at the buyers expense. It is well worth the price.
Always review all documents yourself, and involve yourself in all steps of the property buying process. As an extra safety measure have an independent lawyer review your documents before you transfer funds.
Who can buy land in Ghana?
Ghanaians can legally purchase and own land on a leasehold basis for 99 years, subject to renewal from the freeholder of that land.
Non-Ghanaians can purchase and own residential, commercial, industrial and/or agricultural land on a leasehold basis up to 50 years subject to renewal from the freeholder of that land.
Buying Land in Ghana – Best Practice
Always buy from a registered Ghanaian Real Estate Agency.
If you are buying from an individual, you will need to ensure that you validate that the person or persons you are buying from are the legitimate owners of the land or property you are proposing to buy. Always review all documents yourself, and involve yourself in all steps of the property buying process. As an extra safety measure have an independent lawyer review your documents before you transfer funds.
If you have any questions or concerns feel free to contact us here at Ghanalandlords.com and we will gladly put you in contact with a reputable agency in Ghana.
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