How to Buy Land for Development in Accra Ghana

As a young, dynamic and developing city, Accra has its fair share of opportunities for growth and development. Many new businesses and housing estates are being built to cater to the growing demand in the city. However, the rate at which real estate developers can build properties is limited by the availability of land for development. A large chunk of land in Accra is either occupied by government offices or is reserved for public use. This means there isn’t much space left for private developers to build housing estates or other profitable ventures that require large plots of land. Fortunately, investors from around the world see potential in Accra as an up-and-coming city with great economic potential. That’s why there are already several companies that have invested in land for development in Accra Ghana specifically because it offers them so many opportunities for growth. So if you’re keen on investing in a piece of land as part of your long term strategy as an investor, read on to learn more about some great options:

What to Look for When Buying Land in Accra

When scouting for land for development in Accra, there are a few important things you should look for. Firstly, you need to check for zoning restrictions. Ask if the land is currently reserved for government use or if it has been earmarked for any other form of institutional development. You can also check if the land has any encumbrances – like if there are any existing or pending land titles or liens on the property. You can also check if there are any restrictions on the type of construction you can build on the land. For example, if the land is earmarked for government use, you may not be allowed to build a housing estate on it. You should also check the land’s proximity to transportation hubs and other important landmarks like malls. This is important because it will affect what types of businesses and housing developments can be built on the land. For example, if the land is located near a highway or a major road, it can be used to build housing estates. If it’s near a railway line, you could build a logistics or storage facility on the land. If it’s close to a shopping mall, you could build a hotel or a residential complex on it. There are many different kinds of properties that can be developed on land, so it’s important to consider its location when looking for an investment property.

Government and Institution-owned Land

When you’re scouting for land for development in Accra, you might discover that government and institution-owned land is a great option for investors. It’s great because it’s already cleared for construction and you can build any kind of development you like on it. For example, if you want to build a residential complex, an institutional or government-owned piece of land is a great option. You can build it exactly how you want and you don’t have to worry about any zoning restrictions. The only problem with this type of land is that it can be difficult to acquire because many government bodies have first dibs on it. The first type of government-owned land you should look for is land reserved for the Ghana Immigration Service. This is because the Ghana Immigration Service is in the process of relocating to a new location in Accra. Once they move, all their old offices are going to be vacant. They’re also going to be looking for new offices, which means they’ll need to buy new land. If you contact them and offer to buy their old offices, you may be able to negotiate a deal for the land they currently own.

Institutional and Commercial Land

Institutional and commercial land is ideal for businesses that are looking for land for development in Accra. This type of land is already cleared for construction and there are no zoning restrictions, so you can build any type of business on it. For example, you could build a hotel, a shopping mall, or a residential complex on this type of land. You can also build office buildings and other important commercial properties on this type of land. The only problem with this type of land is that it can be difficult to find a suitable piece of land. If you’re looking for commercial land in Accra, you should contact the University of Ghana. They have a large plot of land on campus that they’re trying to sell to raise funds for their projects. They’ve been trying to sell this land for years, but they haven’t had much success. If you’re interested in buying this land, you can negotiate a deal with the university by offering to fund their projects.

Residential Land in Accra

If you’re interested in building a residential complex on land for development in Accra, you should consider purchasing a residential plot of land. Residential plots of land are great for building apartments and other types of low-cost housing that’s suitable for young professionals like teachers, nurses and other low-income earners. This type of land is a bit trickier to find than other types of land for development in Accra. You may have to consider a residential plot of land that’s near an already established residential area. It’s also a great idea to invest in residential plots of land that are close to public amenities like schools and hospitals because this will make your investment more valuable.

Conclusion

When you’re searching for land for development in Accra, you should keep a few things in mind. Firstly, you should check the zoning restrictions on the land. Secondly, you should check the proximity of the land to important landmarks like transportation hubs. You should also check if there are any restrictions on the type of construction you can build on the land. Finally, you should look for government and institution-owned land, commercial land, residential plots of land, and plots of land that are close to public amenities. Once you’ve found a suitable piece of land, you can start building your new business or housing estate right away.