Investment Property in Kumasi

Investment Real Estate in Kumasi

Kumasi property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Kumasi .

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Search Map of Kumasi Investment Real Estate

Kumasi (historically spelled Comassie or Coomassie and usually spelled Kumase in Twi) is a city in Ashanti Region, and is among the largest Metropolitan areas in Ghana. Kumasi is near Lake Bosomtwe, in a rain forest region, and is the commercial, industrial and cultural capital of the historical Ashanti Empire. Kumasi is approximately 500 kilometres (300 mi) north of the Equator and 200 kilometres (100 mi) north of the Gulf of Guinea. Kumasi is alternatively known as “The Garden City” because of its many species of flowers and plants in the past. It is also called Oseikrom (Osei Tutu’s town).

Kumasi is the second largest city in Ghana, after the capital, Accra.
The Central Business District of Kumasi includes areas such as Adum, Bantama, Pampaso and Bompata (popularly called Roman Hill) has a concentration of banks, department stalls, and hotels. Economic activities in Kumasi include financial and commercial sectors, pottery, clothing and textiles. There is a huge timber processing community in Kumasi serving the needs of people in Ghana. Bantama High Street and Prempeh II Street in Bantama and Adum, respectively, are business and night life hubs in Kumasi.

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The financial stability of Kumasi has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Kumasi

Renting out your Kumasi buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Kumasi are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Kumasi and be prepared to change your initial outlook.
Thoroughly research the Kumasi location with a special emphasis on fringe areas outside the main Kumasi metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Kumasi.
Ensure that your target investment property in Kumasi appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Kumasi properties yourself is an easy option, but are these savings justifiable when you run into Kumasi red tape? Physis Realty Kumasi office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Kumasi buy-to-rent sector.

With our expert guidance, investing in Kumasi provides the secure knowledge that your money is working harder than it would in a local Kumasi bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Kumasi, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Kumasi property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Kumasi

Flipping property in Kumasi

Flipping property is when we advise clients to buy a Kumasi property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Kumasi market has a time to react to the renovation.

The Flipping Strategy in Kumasi

Investment property flipping in Kumasi is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Kumasi real estate investments are sometimes referred to by professionals as ‘distressed’ Kumasi real estate.

What is distressed Kumasi property:

Kumasi property in need of renovation
Kumasi real estate with a change of purpose and use
Oversold Kumasi property
Bank repossessions in Kumasi

Put simply, long term investors in Kumasi purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Kumasi investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Kumasi property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Kumasi use a minimum profit value of 22% when looking at potential Kumasi projects. The reason for this is because there are lots that can go wrong in Kumasi property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Kumasi

For luxury property investors hoping to add a superb property in Kumasi to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Kumasi, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Kumasi should be entrusted to only the highest-quality agency.

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