Ghana’s Real Estate Market: Accelerating Growth and Evolving Dynamics in 2024
Experts predict that Ghana’s real estate sector is poised for remarkable growth, fueled by factors like population growth and urbanization.
According to recent projections from Statista, the market value of real estate in Ghana is anticipated to soar to an impressive US$458.50 billion in 2024, with residential real estate emerging as the dominant segment, accounting for a significant share of this growth.
The surge in demand for housing, particularly in urban areas, has fueled this remarkable trajectory. Ghana’s population has been steadily increasing, and with it, the need for adequate housing options has become more pressing.
Urbanization has further exacerbated this demand, as people migrate from rural to urban areas in search of better opportunities and living standards. As a result, the real estate market in Ghana is witnessing a surge in demand for affordable housing solutions.
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