Ghana’s real estate sector despite its expansion hasn’t fully addressed the country’s housing challenges.
Although the sector is estimated to grow globally at 7.6% growth, Ghana still has a staggering housing deficit of about 1.8 million according to the Ghana Statistical Service. This some experts believe is due potential risks and uncertainties attributed to the real estate market. It is to this end that the chartered institute of realtor has been launched to sharpen the knowledge, skills, standards and experiences of practitioners in the real estate industry.
Speaking at the launch of the Chartered Institute of Realtors, Chief of Staff, Frema Osei Opare reemphasized the importance of the private sector in addressing the country’s deficit
“Reducing our housing deficit requires a multi-faceted approach which begins with comprehensive stakeholder collaborations. We must work hand-in-hand with the private sector to develop and implement an effective real estate sector in Ghana.” she said
“It is to this regard that we welcome the chartered institute of realtors”, she added.
CEO of the Chartered Institute of Realtors, Firas Jaber, revealed that despite the significant growth the housing industry has seen, there is a need to equip players and expose them to global best practices.
Just by the fact that people operate in the market as construction contractors and real estate developers does not mean they are fully equipped hence they also fall into dubious hands.”
“We want to bring in much needed education for people who are aspiring to be real estate players as well as institutions”, Jaber added.
Minister for Work and Housing and Bantama MP, Francis Asenso Boakye on his part described the institute as relevant creation and pledged support for the vision.
The Chartered Institute of Realtors (CIR) is established to provide a platform for enhancing the skills, standards, knowledge, and experiences of real estate practitioners to meet global benchmarks.
Source: Ghana/Starrfm.com.gh/103.5FM/Edem Kojo
