Ghana is quickly becoming a hotspot for tourists from all over the world, thanks to its stunning beaches, vibrant culture, and welcoming people. Investors are taking note of the potential for profit and see it as an attractive real estate investment destination.
One company that's leading the way in this space is the Eleven-Eleven Development Company, which offers five-star villas on its luxury beach resort on the Gulf of Guinea. These properties provide investors with a unique opportunity to benefit from the thriving Ghanaian tourism industry while also offering guests an exceptional and unforgettable experience.
In addition to its exceptional offerings, Eleven-Eleven has also partnered with Akka Kappa, the country's leading real estate company, to market its properties. This partnership brings together two industry leaders with a shared commitment to excellence, ensuring that individuals who have a demand for high-end properties can purchase through Akka Kappa and enjoy all the benefits of their real estate investment. Together, Akka Kappa and Eleven-Eleven are transforming the real estate landscape in the region and providing investors with an unparalleled opportunity to capitalize on the country's growing tourism industry.
Tourism in Ghana
Tourism in Ghana has been on the rise in recent years, with the country welcoming over 1.1 million visitors in 2019. The government has recognized the importance of tourism as a key driver of economic growth and has been taking measures to promote the industry. The country boasts of many attractions, including beaches, wildlife, cultural heritage sites, and historical landmarks.
The tourism sector is rapidly expanding, with a 7% annual increase in the number of tourists visiting the country. This growth is partly attributed to the newly built Terminal 3 at Kotoka International Airport, which is positioned to serve as a gateway hub for both international and regional destinations, with a capacity to handle up to 5 million passengers annually. In the past five years, the tourism industry has experienced significant growth, generating over $2 billion in revenue from tourism in 2019.
This surge in tourism is expected to drive demand for hotels, resorts, and other commercial properties. Many tourists visit Ghana specifically to enjoy its beautiful shorelines and experience a leisurely vacation, indicating that luxury resorts will be the future of the real estate market. Owning an investment property near the coastline not only offers beautiful views but also presents a prestige factor that makes luxury properties an excellent investment with substantial potential returns. As a result, investors who own shoreline properties, such as those offered by Eleven-Eleven, stand to benefit greatly from the growing demand in the country's tourism industry.
Beach properties in Ghana
Ghana has over 500 kilometers of coastline, which makes it an ideal destination for beach lovers. The country has several stunning spots that offer a range of activities, from surfing and snorkeling to swimming and sunbathing. Owning a beach house or apartment here can be an attractive investment opportunity, especially for those who want to capitalize on the growing tourism industry.
Benefits of investing in a beach property in Ghana
One of the significant benefits of owning a vacation home in Ghana is the potential rental income from tenants. With the increasing number of tourists visiting the country, there is a growing demand for accommodation. Beach properties, in particular, are in high demand, especially during peak tourist seasons. Investors can rent out their properties to tourists for short stays or longer periods, generating a steady stream of income.
Coastal homes in Ghana have the potential for capital appreciation. As the tourism industry in the country continues to grow, so will the value of properties. Investors who purchase these properties at the right time can benefit from capital gains when they sell the properties in the future.
The government of Ghana offers tax incentives to investors who invest in the tourism industry. Investors who own properties in the country can benefit from these incentives, which include tax exemptions on imported equipment and materials used for the construction or renovation of tourism-related facilities. This can significantly reduce the cost of investing in properties in the region.
Affordable property prices
Compared to other tourist destinations in Africa, real estate in Ghana is relatively affordable. Investors can purchase properties at a lower price point than in other countries, making it an attractive investment opportunity. This affordability also means that investors can generate a good return on investment when they rent out their properties to tourists.
Stable political environment
Ghana has a stable political environment, which is an important factor for investors. A stable political environment ensures that there is a conducive business environment that encourages investment. Investors who own properties in the country can be assured that their investments are safe and protected.
The tourism industry in Ghana has significant growth potential. The government has recognized the importance of the industry and has been taking measures to promote it. The country has several untapped tourist destinations that offer immense potential for growth. Property owners can benefit from this growth potential as more tourists visit the country.
Diversification of investment portfolio
Investing in a property can be a good way to balance out risks and returns in a portfolio. Coastal homes in Ghana are an attractive investment opportunity that can provide a steady income stream while also offering potential capital gains.
Hedge against inflation and currency devaluation
Real estate can also act as a safe haven for currency devaluation, which is a major risk for financial assets. By owning tangible assets, investors can mitigate the risks associated with currency fluctuations and other economic uncertainties. As more tourists flock to cities such as Accra, the demand for holiday properties is likely to increase, which could help maintain the value of the property even during periods of currency devaluation.
Challenges of investing in beach properties in Ghana
While investing in beach homes in Ghana can be an attractive opportunity, it is not without its challenges. Some of the challenges that investors may face include:
The infrastructure in Ghana is still developing, and there are challenges with regards to transportation, electricity, and water supply. Investors who build and sell properties in remote locations may face challenges in providing basic amenities to their guests. However, the government is investing in infrastructure development, which could improve the situation in the future.
Property management can be a challenge for investors who live in another country. It is important to find reliable property management services to ensure that the properties are well-maintained, and guests have a positive experience. Investors may also face challenges with finding trustworthy staff to manage the properties.
The regulatory environment in Ghana can be complex and challenging for foreign investors. There are regulations related to property ownership, taxes, and permits that investors need to comply with. It is important to work with a local attorney to navigate these regulations.
Owning a vacation home in Ghana can provide a steady income stream, potential capital gains, tax incentives, and diversification of investment portfolios. While there are challenges associated with investing in real estate, the potential benefits outweigh the risks. As the government continues to invest in infrastructure and promote the tourism industry, the region is poised to become a leading tourist destination in Africa. Investors who recognize this potential can benefit from the growth of the tourism industry and the potential of mixed-use real estate.
Are you searching for an exceptional investment opportunity in Ghana's booming real estate market?
At Eleven-Eleven, guests can experience a modern retreat that fuses design and lifestyle, providing a peaceful and serene getaway. This experiential concept was created by a team of award-winning experts, including an architect, a business strategist, and a style and experience guru. The result is a one-of-a-kind guest experience that is unmatched in the region.
Eleven-Eleven is ideal for a range of guests, whether they're searching for a remarkable business retreat or a special celebration. The settings, ambience, and fantastic service at Eleven-Eleven provide a chance to escape from the ordinary and immerse oneself in luxury and relaxation.
As Ghana's tourism industry continues to grow, investing in Eleven-Eleven beach villas is an opportunity not to be missed. With Akka Kappa's reputation for excellence and a team of experts behind it, Eleven-Eleven is poised for success. Plus, with a strong focus on sustainability and community development, investors can feel good about contributing to the country's economy.
Don't miss your chance to be a part of this exceptional investment opportunity. Contact Akka Kappa today to learn more about investing in Eleven-Eleven beach villas and becoming a part of a thriving real estate market.