Construction of residential houses (low cost housing, high rise quality apartments, retirement villages); Industrial houses (light industrial parks, warehousing facilities) and Commercial houses (regional and local shopping centers/malls, office accommodation, storage etc.) as well as provision of construction equipment and building materials.

Ghana’s property market is dominated by residential and commercial development . The residential market is the most active, registering an estimated 85,000 transactions per annum over the past decade. Commercial property is the second largest segment in the market and includes office accommodations and retail space. The industrial segment is significantly smaller in size than the commercial market, while recreational and civic/cultural property development is virtually non-existent.

Opportunities currently exist in the following areas of the industry:

RESIDENTIAL PROPERTY
While the housing supply rate has increased since 1990, current estimates point to a notable production shortfall of new residences in Accra. Several projects currently under various stages of implementation include the Dunkonah, Kasoa and TDC Community 20 schemes:
Dunkonah Housing Project: 15,000 units
Kasoa Housing Project: 7,000 units
TDC Community 20 Project: 3,400 units

While infrastructure works for Dunkonah have been completed, unit construction has not yet begun. Housing at the TDC Community 20 scheme is approximately 50% complete, while work at Kasoa has not yet commenced.

COMMERCIAL PROPERTY
Several areas in the Accra-Tema corridor have been zoned as industrial sites, although these are yet to be sold or let. Actual development may be carried out by commercial developers or individual lessees.

Other opportunities include construction and renovation/rehabilitation of properties for office leasing, retail, shipping, storage and other enterprises in the greater Accra area.

More Details
	Ghana Investment Profile - Property Development