Gov't must come to our aid – GREDA

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• YF 8 years ago

  Government should not intervene to artificially prop up real estate prices. That would be very bad policy! Real estate prices in GH is already artificially inflated. Let market forces work. Bad businesses fail, good ones are ...
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  Government should not intervene to artificially prop up real estate prices. That would be very bad policy! Real estate prices in GH is already artificially inflated. Let market forces work. Bad businesses fail, good ones are formed, prices go, and prices fall - that's the business cycle. Govt should not step in to defend inflated pricing! Badly run companies that borrowed unrealistically to fund their operations have to face the music. Bottom line, real estate is way overpriced in relation to supply, demand and GH economic activity. It's an artificial market, don't encourage it

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• YF 8 years ago

  Concentrate on the lower end of the spectrum, and you'll be fine. Stop building expensive upper end houses that are not selling......“There is no shortage of houses in Ghana. There is an oversupply of expensive upper and mi ...
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  Concentrate on the lower end of the spectrum, and you'll be fine. Stop building expensive upper end houses that are not selling......“There is no shortage of houses in Ghana. There is an oversupply of expensive upper and middle class houses, which only the rich can afford. The demand for rental properties is steadily increasing in major real estate markets throughout the country...."

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