Investment Property in Tema

Investment Real Estate in Tema

Investment Property in Tema
Investment Property in Tema

Tema 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 Tema .

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Search Map of Tema Investment Real Estate

Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located 25 kilometres (16 mi) east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most populous settlement in Ghana, with a population of approximately 161,612 people – a marked decrease from its 2005 figure of 209,000. The Greenwich Meridian (00 Longitude) passes directly through the city. Tema is locally nicknamed the “Harbour City” because of its status as Ghana’s largest seaport. It consists of 25 different communities which are numbered accordingly with each of them having easy access to the basic amenities.

Tema is a city constructed on the site of a small fishing village. Tema was commissioned by Ghana’s first president, Kwame Nkrumah, and grew rapidly after the construction of a large harbour in 1961. The Tema metropolis was designed, planned and developed by the award-winning urban planner and Ghana’s first architect, Theodore S. Clerk. It is now a major trading centre, home to an oil refinery and numerous factories, and is linked to Accra by a highway and railway. Tema is one of Ghana’s two deep seaports, the other being Sekondi-Takoradi. Tema became an Autonomous Council in 1974 and was elevated to the status of a Metropolitan Assembly in December 1990. Tema metropolitan forms part of the sixteen Metropolis, Municipalities and Districts in the Greater Accra Region. The Metropolitan shares boundaries with Ashaiman Municipal, Adenta Municipal District, and Ledzokuku-Krowor Municipal District to the west respectively, to the east with Kpone Katamanso District, to the North with Dangme West District and to the South with the Gulf of Guinea.

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The financial stability of Tema 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 Tema

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

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

  • Set goals based on how much rental yield will be required and the local rental yield rates in Tema and be prepared to change your initial outlook.
  • Thoroughly research the Tema location with a special emphasis on fringe areas outside the main Tema metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Tema.
  • Ensure that your target investment property in Tema 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 Tema properties yourself is an easy option, but are these savings justifiable when you run into Tema red tape? Physis Realty Tema office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Tema buy-to-rent sector.

With our expert guidance, investing in Tema provides the secure knowledge that your money is working harder than it would in a local Tema 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 Tema, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Tema property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Tema

Flipping property in Tema

Flipping property is when we advise clients to buy a Tema 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 Tema market has a time to react to the renovation.

The Flipping Strategy in Tema

Investment property flipping in Tema 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 Tema real estate investments are sometimes referred to by professionals as ‘distressed’ Tema real estate.

What is distressed Tema property:

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

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

Calculate profit that you make from Tema investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Tema

For luxury property investors hoping to add a superb property in Tema 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 Tema, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Tema should be entrusted to only the highest-quality agency.

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