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A few ways real estate developers in Ghana can make house buying more accessible to Ghanaians

Shared Equity Programs Real estate developers in Ghana could introduce shared equity programs where a portion of the property’s ownership is shared with the buyer, allowing them to enter the market with a smaller initial investment.

Rent-to-Own Schemes Developers can offer rent-to-own schemes, allowing tenants to pay a slightly higher monthly rent, with a portion of the payment going towards building equity in the property over time.

Flexible Financing Options Introducing flexible financing options that cater to various income levels can make it easier for potential buyers to afford homes. This could involve graduated payment plans or income-based repayment schemes.

Micro Mortgages Developers could collaborate with financial institutions to offer micro mortgages with lower down payments and more manageable monthly payments, tailored to the local economic conditions.

Affordable Housing Initiatives Real estate companies can allocate a certain percentage of their projects to affordable housing units, ensuring that a portion of the market remains accessible to low-income individuals and families.

Government Subsidies and Incentives Collaborating with the government to provide subsidies or tax incentives for first-time homebuyers can significantly reduce the financial burden of purchasing a home.

Pre-Construction Discounts Offering discounts to buyers who commit to purchasing a property during the pre-construction phase can incentivize early investment and make homes more affordable.

Community Land Trusts Developers can work with communities to establish land trusts that maintain ownership of the land while allowing residents to own the structures on it. This reduces the overall cost of ownership.

Group Purchasing Encouraging group purchasing, where multiple buyers come together to purchase a property, can help individuals who might not afford a home on their own.

Financial Literacy Programs Real estate developers could collaborate with financial institutions and organizations to provide financial literacy programs, helping potential buyers better manage their finances and prepare for homeownership.

Green Opal Properties’ Approach: Green Opal Properties’ “50% deposit, move in and spread outstanding balance over 5 years” initiative is making houses more accessible in the following ways:

  1. Reduced Initial Investment: Requiring only a 50% deposit lowers the barrier to entry for potential buyers, as they don’t need to come up with the full property price upfront.
  2. Move-In Opportunity: Buyers can move into their new homes after paying the initial deposit, eliminating the need to wait until the entire balance is settled.
  3. Extended Payment Period: Spreading the outstanding balance over 5 years provides buyers with a longer timeframe to repay the remaining amount, reducing the immediate financial strain.
  4. Increased Affordability: By breaking down the payment into manageable installments over several years, the burden on the buyer’s monthly budget is significantly eased.
  5. Flexibility: This approach caters to buyers’ financial situations by offering a flexible payment structure, accommodating various income levels and financial capabilities.
  6. Encouraging Ownership: The initiative encourages individuals who might have been hesitant due to financial constraints to enter the property market, fostering a sense of ownership and stability.
  7. Potential for Growth: As buyers gradually pay off the balance, they build equity in the property, potentially benefiting from its appreciation over time.

Incorporating these elements, Green Opal Properties’ approach aligns with the goal of making homeownership more accessible to Ghanaians by addressing financial challenges and providing a practical pathway to property ownership.

Submit your application at

Call or Dm (+233) 0506381130 / 0541736140 / 0544758612 / 0506380940 for more information.


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