AL acts for investors to maximize their capital and rental returns in Prime African residential and commercial property.
We always represent the buyer's interests and have access to the best on and off-market opportunities. But we are not only a buying agent: we provide a unique one-stop service which includes property sourcing, design, development and refurbishment, lettings, ongoing property and sales management. All handled in-house, we are convenient, we have considerable local knowledge and expertise.
Based on the consistent performance we have delivered on the properties we manage; we have also launched a series of investment funds targeting the Prime West-African Property rental sector since 2019. These consists of strategies targeting long-term capital growth in conjunction with considerable rental income yields.
ALspecializes in maximizing investor returns in Prime West-African Property(PWAP) where, for over the past decade price growth, in US Dollars, has averaged more than 14% p.a.
Accra, Ghana, in particular, has seen a stable political environment which has led to considerable foreign investment, as well as new entrants and multi-nationals competing to get a foothold into the massive and unrealized West African market. We have seen massive opportunities present themselves in the residential and hospitality sectors.
An unprecedented growth in tourism and business travel numbers has left Accra with a shortage of Prime residential and hospitality properties, putting an upward pressure on rents. Currently West-Africa has an immature capital market with limited access to loans and property finance, this suppresses property prices, increasing rental yields and thus presenting an opportunity to acquire prime income generating assets at significant discounts.
Building blocks for successful investment
AL focuses on the ‘mainstream’ rental market in PWAP. This consists of small apartments that appeal mostly to international tenants. This sector demonstrates an attractive combination of significant long-term capital growth and strong rental returns derived in US dollars. This sector traditionally has low volatility and little correlation to the performance of international equities.
We look for distressed properties in prime areas, where we can buy, build and manage.
AL specialises in acquiring single units, portfolios and buildings for investors, generally comprising one and two bedroom flats with weekly rents under $1,000. As most tenants have a rental budget in mind, these units are most popular offering the highest yields and occupancy rates.
Period property, not new build
In many areas of Africa, there is an oversupply of new units in commodity-style developments. Investors can pay up to a 20% premium, resulting in suppressed price appreciation and rental returns. AL identifies unique heritage stock offering superior growth prospects.
Added value potential
With PCL property only changing hands on average every 50 years or more, available stock is often ‘tired’. To meet the aspirations of today’s tenants and maximise capital growth, AL can carry out a full refurbishment and interior design programme to add immediate value.
Long term investment
To make the most of long term capital appreciation which has averaged over 8% p.a. since 1995, residential property in PCL should be a 'buy-to-hold' investment. AL advise clients to own for at least five years, rather than adopting a potentially more risky short-term investment strategy.
AL provides an in-depth financial assessment of every property it recommends. Each stage from acquisition and refurbishment to projected rents and running costs is considered. Our clients know exactly what their commitments are before making an investment decision.
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