Ghana's Real Estate Market Set for Substantial Growth in 2024

A report by Statista Market Insights, indicates that Ghana's Real Estate market is poised for substantial growth this year with a projected market value of US$458.50 billion.

Dominating this surge is Residential Real Estate, anticipated to reach a market volume of US$389.10 billion in the same year.

From 2024 to 2028 , the market is expected to witness a steady climb, sustaining an annual growth rate (CAGR 2024-2028) of 5.48% and culminating in a market volume of US$567.60bn by 2028.

According to the report, these projections highlight the promising prospects for Ghana's real estate market and accentuate the growing demand for affordable housing.

It urged stakeholders to collaborate and advocate for accessible mortgage rates and embracing technology to elevate the sector's performance.

The writer , Joycelyn Kyei Baffuor is a journalist and a real estate content writer.