According to projections, the market value is set to reach a staggering US$458.50bn in 2024.
Among the various segments of the market, Residential Real Estate is expected to dominate with a projected market volume of US$389.10bn in the same year.
Furthermore, the market is anticipated to maintain a steady growth rate in the following years, with an annual growth rate (CAGR 2024-2028) of 5.48%.
This growth trajectory is predicted to result in a market volume of US$567.60bn by the year 2028.
In a global context, it is noteworthy that China is expected to generate the highest value in the Real Estate market market, with an estimated worth of US$135.70tn in 2024.
This underscores the significance of the Real Estate market sector in the global economy.
Ghana’s real estate market is experiencing a surge in demand for affordable housing due to population growth and urbanization.
