Global Economic Melt Down has made me to reluctantly look at investment in properties
My first love remains stocks but I think it is better to balance it up with real estate in one form or the other,buying a secured land to sale at a higher price at a later date,developing property o buying out right for rental income.
I am looking at 70% stocks and 30% property as a leverage. Still reseaching. Property prices are consistently rising in Africa.
A case in point is serviced plot in (out of 5,000 plots) in first classs planned community first of its kind in west africa called suncity a planned estate in Tema,Accra,Ghana,It went for USD10,000 (Up to 36 installment allowed) for a 100 X 80 feet land. I subscribed to it less than 2 years later the same land is going for USD 35,000. check out
www.falconcrestghana.comI am closely studying Nigeria,Ghana and your neighbouring Uganda Have given up on Kenya as there is virtually no serviced plots at reasonable prices where installmental payment is allowed (for salary earners like us)
Nigeria :
www.citypointglobalproperties.comUganda
www.jomayi.co.ugCAUTION :- This is only a guide I do advise do your own independent research.Be aware that for land matters you need to see what you want to buy so you need to travel to whatever place you want to buy land to avoid losing your hard earned money
My Thoughts.
Young,
Lagos,Nigeria
AFRICAN INVESTOR
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