Devtraco Targets Nigerian Investors as Ghana’s Property Market Beckons

Ghana's property market is gaining traction as an enticing destination for Nigerian investors looking to diversify their real estate investments, with Devtraco Nigeria Limited spearheading the cross-border investment push. Operating for over three decades, Devtraco recently engaged with Nigerian media and investors in Lagos, touting various opportunities in residential, commercial, and hospitality real estate.

The company's pitch revolves around its established presence in Ghana and its expanding portfolio, including Devtraco Woodlands, a planned sustainable city on a 600-acre site within a 2,000-acre land bank.

Devtraco emphasizes that Ghana's tourism, hospitality, and urban development sectors are driving demand for quality accommodations and investment properties, making it an attractive investment destination for Nigerians. The company offers the option for Nigerian investors to inspect its developments before committing, with inspection trip fees absorbed into the property cost upon purchase.

Transparency is a key focus, with audited accounts by Deloitte in Ghana and Deloitte South Africa, regular construction updates, and dedicated sales representatives for investors.

Investors can expect annual returns of 8-10% for residential properties and over 12% for commercial and hospitality properties, depending on market conditions and occupancy rates. The company highlights Ghana's growing economy, infrastructure development, and festive influx as drivers of short-term accommodation demand, especially in prime Accra locations.

Devtraco assures Nigerian investors of robust legal protection, fast dispute resolution, and efficient repatriation of proceeds from property sales. The company also plans to explore opportunities in other African markets and strengthen its presence in Nigeria.