Ghana-Diaspora Home Purchase Expo 2024 set to take off

The maiden edition of the Ghana-Diaspora Home Purchase Expo 2024 is set to take place on December 12 and 13, 2024 at the British Council.

Dubbed: “Ghana-Diaspora Home Purchase Expo 2024”, the exhibition will assemble all the top-notch actors in the real estate and apartment ecosystem under one roof.

Currently, a number of real estate developers, financial institutions, insurance companies and other players in the real estate space have signed up and all is set for the rollout.

Nilex Properties is the headline sponsor of the exhibition, which seeks to showcase Ghana as a prime destination for property investment.

Launched in in September 2024 in Accra, the event has so far gathered momentum to bring all players in the building industry, including real estate developers under one roof to interact and to push the real estate industry a notch higher.

The exhibition is expected to attract members of the diaspora, who have plans to resettle in Ghana to interact with potential actors in the sector.

Among others, it will showcase a wide range of housing developments and investment opportunities directed at Ghanaians outside the country and also non-Ghanaians willing to relocate or invest in the real estate sector in the country.

Speaking to journalists on the exhibition, the Lead Organiser of the exhibition, Alex Osei-Owusu, said the Expo was an excellent opportunity for those in the diaspora but interested in investing in the real estate sector.

“This Expo provides a unique opportunity for such people to connect with players in the real estate business, as well as mortgage financial institutions offering tailored packages to potential buyers,” Mr Osei-Owusu said.

He assured attendees that they would have the opportunity to explore flexible mortgage options from leading banks, to help them make their dreams of property ownership more attainable.

He assured potential participants that the Expo would bring all stakeholders who mattered in the real estate business under one roof to network.

“At the Expo, we will also have expert lawyers who will guide attendees on the legal aspects of property investment. From understanding land tenure systems to avoiding fraud, participants will receive all the legal insights they need,” Mr Osei-Owusu assured potential investors.

He hinted that there was constant engagement with Ghanaians in the diaspora and encouraged them to register and participate in what he described as a “landmark event”.

He explained that the organisers were using the expo to create a platform “to match-make our local real estate developers and practitioners to our friends in the diaspora”.

Mr Osei-Owusu, who is also the Legal Director of HTS Construction, however, explained that the main focus was on Ghanaians in the diaspora, pointing out that a lot of Ghanaians were based in the UK, the US, Canada and Europe.

He said even though the Expo is focusing on Ghanaians in the diaspora, it did not exclude local home purchasers.

Mr Osei-Owusu said Ghana was fast becoming a destination for Christmas and Easter, particularly with the Paragliding festival, which had now become a regular feature on our national calendar.

Attributing the trend to the role played by the Ghana Tourism Authority to woo the diasporans to Ghana, he said by the Expo, “We want to trade Ghana as a destination for economic tourism”, expressing the hope that after the festivities, those people would have invested.

The Managing Director of Nilex Properties, Nilesh More, called on players in the real estate industry to patronise locally made building materials instead of importing them.

He explained that would reduce the cost of estate property, which was currently too costly for the ordinary Ghanaian.

The estate developer added that doing so would not only boost the local industry but would generate thousands of jobs for the youth, thereby addressing the issue of unemployment in the country.

Mr More urged Ghanaians both home and abroad to join hands to boost the local industry.

He said doing so would not only boost the local industry, it would generate enough jobs for the youth and thus, address the issue of unemployment in the country.

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