Press/ Events

Skyline

Jumia House had a conversation with Elvin Larkai, General Manager, Marketing & Corporate Affairs of Devtraco Limited. Our discussion centered on the upcoming election and if it was having an impact on the real estate industry.

Most of us assume that during an election period, investors hold off on investing in new properties and spending in property also falls.  We see around us, houses and apartments for sale/rent and office space for rent but are these properties moving?

According to Elvin “Election or no election people will sleep. The actual demand for rentals and buying is there, but the question we must ask is – Will people be moving?”. The observation on the market is not only during the election but also in December, people don’t buy houses. People rather visit sites in December but will wait until January before making an actual payment.

Even though the election is about to take place in a few days, real estate agents and developers can use this time to sow seeds in people’s minds so that by the time things are certain in January, a percentage of them get paying clients.

Elvin expects that there will be a slowdown in the commercial real estate industry. Companies who planned to set up will hold off on signing for a new space until a new president is inaugurated. Elvin advises that sales agents close in on a lot of hot leads, so that as the election draws to a close you send reminders to possibly convert at least 40% of those leads into deals.

There are three things Elvin would like us to keep in mind this election season

  1. People are not spending but they are preparing to spend
  2. Smart buyers are locking in sales because there are a lot of promos running as real estate sellers are trying to hit their targets at the end of the year.
  3. Prices will shoot up after the elections and into the new year.

Share you thoughts on Facebook, Twitter or LinkedIn.

rent

In a survey we conducted with Hacking Adulthood on accommodation, 45% of survey respondents said that they live with their parents/ nuclear family and 89% said that they wanted to change their current housing situation.

Accommodation is a big issue in Ghana, so we collaborated with Circumspecte, Impact Hub Accra, and other organizations and came up with #StateofAccomodation, a campaign to highlight and discuss accommodation issues and come up with proposed solutions. From the offline discussion we held yesterday, we learned a few surprising facts about rental laws from our panelist from Rent Control. Below are four facts about Rental Law you may or may not be aware of:

  1. The Rent Control Law protects the tenant and the landlord but not the house hunter.
  2. According to the law, landlords can legally ask for 6 months advance payment for rent and no more. Currently, there is a bill in parliament to change rent advancement to one year.
  3. Rent can only be increased three years after the initial rent charge.
  4. Landlords must seek approval from Rent Control before increasing rent.

Watch the online and offline event videos to learn more. If you have any further questions you can share them on our social media platforms using the hashtags #StateofAccommodation and #AskAGhAgent – Facebook, Twitter or LinkedIn.

stateofaccom

In a survey we conducted with Hacking Adulthood a few months ago, 45% said that they live with their parents/ nuclear family and 89% said that they wanted to change their current housing situation.

A lot of people want a change.

A lot of people need a change.

And together we can help them.

We need your stories.

We need your advice.

We need your questions.

Show us where you live. Share with us where you want to live. Tell us what we can learn from your experience. Ask us a question we can help answer it. Contribute to #StateofAccommodation a campaign to collect stories, questions and advice about housing in Ghana.

Join us online on Monday, November 21st at the #AskAGHAgent event hosted by Circumspecte on their Facebook Page at 2pm.

If you are in Accra on Wednesday, November 23rd, join us at Impact Hub Accra at 6:30 pm to discuss the stories, advice and questions collected with housing experts. Reserve your seat here. With more and better information everyone involved can make better and faster decisions related to housing.

Follow us and our partners to stay up to date with #StateofAccomodation and its resulting report: Twitter | Facebook | Instagram

Thank you to all the organizations and companies that are working to spread the word!

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Property Investment Summit

For the second year in a row, Jumia House is partnering with the West African Property Investment (WAPI).

WAPI is a two-day meeting of property professionals to discuss property trends, research and investments. The Summit will take place on November 16 & 17, 2016 at the Kempinski Hotel in Accra.

Join us at the Kempinski as we discuss the key challenges and opportunities in the West African real estate space. There will also be an opportunity for you to build new business relationships.

As part of the partnership, we get to extend to you a 20% discount to attend the conference. Use the code JUMDISC when registering here.

We hope to see you there.

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Jumia House Ghana

The number one real estate portal, Jumia House Ghana has organized its first training for its agents this year. The aim of the training is to provide agents with the necessary skills to remain professional in their field.

The first session took participants through online marketing basis, managing internet generated leads and how to get the most out of marketing with online portals, such as Jumia House.

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