Tag: housing deficit
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Lower building costs to drive down high housing prices
It is an undeniable fact that correcting Ghana’s housing deficit would require concerted efforts by both the government and private sector. At Citi FM’s Housing Forum which came off on Tuesday at the Alisa Hotel, discussants identified the systemic challenges facing the housing sector and looked at ways to correct the trend. These bordered on…
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High cost of production threatens housing sector – GREDA
The Ghana Real Estate Developers Association (GREDA) has stated that the industry is facing huge crises due to its unproductive nature. The Association has attributed this to the low patronage as a result of the high costs of properties. According to GREDA, though its members are expected to produce about 70, 000 houses, they only…
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Cheaper credit, lands may reduce cost of houses- Devtraco Plus MD
The relative high cost of properties in Ghana’s real estate industry may be reduced if Ghana stems up measures to reduce interests and regulate land acquisition processes. This is the view of General Manager of Devtraco Plus Limited, Cyril Tay. His comment comes on the back of concerns that the high cost of properties still…