Investment Property in Cape Coast

Investment Real Estate in Cape Coast

Investment Property in Cape Coast
Investment Property in Cape Coast

Cape Coast 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 Cape Coast .

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Search Map of Cape Coast Investment Real Estate

Cape Coast is a city, fishing port, and the capital of Cape Coast Metropolitan District and Central Region of south Ghana. One of the country’s most historic cities, it is the location of Cape Coast Castle, a World Heritage Site, with the Gulf of Guinea situated to its south. According to the 2010 census, Cape Coast had a settlement population of 169,894 people. The language of the people of Cape Coast is Fante.

The older traditional names of the city are Oguaa and Kotokuraba (meaning “River of Crabs” or “Village of Crabs”). The Portuguese navigators João de Santarém and Pedro Escobar who sailed past Oguaa in 1471 designated the place Cabo Corso (meaning “short cape”), from which the name Cape Coast derives. From the 16th century until the country became the independent nation of Ghana in 1957, the city and fishing port changed hands between the British, the Portuguese, the Swedish, the Danish and the Dutch. It is home to 32 festivals.

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The financial stability of Cape Coast 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 Cape Coast

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

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

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

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

Flipping Investment Property in Cape Coast

Flipping property in Cape Coast

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

The Flipping Strategy in Cape Coast

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

What is distressed Cape Coast property:

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

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

Calculate profit that you make from Cape Coast investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Cape Coast

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

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