New African market makes pitch for UK investors after Expo

Organisers say the seventh Ghana Property and Lifestyle Expo 2023, which took place recently in Chelsea, saw a record number of deals agreed.

This two-day event brought together hundreds of aspiring property investors and Ghana's leading property developers and experts, facilitating several seven-figure deals. Next up comes the first Ghana Property and Lifestyle Expo in Ghana itself, at Accra next week. 

“Property investors who find themselves with diminishing yields in the UK are now flocking to Ghana” claims Victoria Agyekum, director and co-founder at On Point Property Management. “Compared to the home countries of global property investors, Ghana has a desirable property market for investors and return profiles of eight to 12 per cent are still very common there.”

Under the theme ‘Investing in Ghana Safely’ the London Expo attracted individuals seeking new investment opportunities in holiday or family homes in some of Africa’s most sought-after locations including Cantonments, East Lagon and Labone.

Anna Agyekum, director and co-founder at On Point Property Management, comments: "We are delighted with the success of the seventh Ghana Property & Lifestyle Expo and are now equally excited to be taking it to Ghana for the first time later this month. The Expo in Ghana will have some of Africa's leading property developers and experts to advise potential buyers on navigating the property market in Ghana – making it the season's must-go event for anyone looking to have a property portfolio in Africa.

"We came up with the idea for the Ghana Property Lifestyle Expo to tackle some of the problems that we heard people, especially in the diaspora, were having purchasing property on the continent, particularly in Ghana. We had the right expertise and enough experience. We can’t wait for the Accra edition in December.”

According to the World Bank, Ghana is undergoing rapid urbanisation at a rate of 3.6 per cent per year. This has increased demand for housing and infrastructure - particularly in major cities. With the growth in the middle classes there is a surge in demand for high-quality residential and commercial properties.

Harriet Thompson, British High Commissioner to Ghana, adds:  "We are very excited to know that the Expo will take place in Ghana for the very first time this year. There are many British Ghanaians living here or frequently travelling to Ghana, therefore it will be great to have such an experience on the ground.

"The Expo provides a platform for Ghanaian businesses to access a diverse range of audiences in the UK, raising awareness and facilitating opportunities for the UK to increase their investment in Ghana. It will allow for more partnerships between the UK and Ghana, by connecting real estate professionals, agencies and lifestyle companies, and contribute to strengthening the long-standing relationship we have built with each other over the years."