Mr. Divine Aggor, CEO of Rentchamber Group Ltd, was recently featured in an article published by Equal Times, where he spoke about the challenges of affordable housing in Ghana. Mr. Aggor's insights shed light on the current state of the housing market in Ghana and the efforts being made to address the issue. In the article, Mr. Aggor highlighted the high demand for affordable housing in Ghana...
Kiosk Estates are springing up across Ghana's major cities in light of high rent charges and the unregulated nature of Ghana's property rental market. This phenomenon has been on the ascendency over the decades but there seems to be no hope in sight. Hundreds of thousands of these slum dwellers, some of which Rentchamber had conversations with, are hard-working citizens who deserve better accommodation....
by Rentchamber
Ghana has a growing housing finance sector. As the mortgage market does not yet meet the breadth of the population who might afford a mortgage, most households still finance their housing independently, with savings or non-mortgage credit. The lowest recorded interest rate on a mortgage in Ghana is 29 percent, and requires at least a 20 percent down payment. The cheapest newly built house by a developer...