INSIGHTS

14 Sep

OPPORTUNITIES FOR REAL ESTATE INVESTMENT IN SIERRA LEONE FOR DIASPORANS

SIERRA LEONE PROPERTY MARKETS The property market in Sierrr Laone is slowly developing. Poverty, cultural and religious beliefs and a strong preference for homeownership affect the demand and supply of housing. Factors like weak policy implementation, poor infrastructure, poor land administration, and profitability affect the way and manner people buy land and build houses. Large Real estate developers of affordable housing projects are very minimal. It is often expensive for the poor and average-income earners, and most projects have failed. The local Sierra Leoneans are the largest builders of rental and commercial buildings. Finance, Insurance and Real Estate are projected...

13 Sep

OPPORTUNITIES FOR REAL ESTATE INVESTMENT IN SIERRA LEONE FOR DIASPORANS

SIERRA LEONE PROPERTY MARKETS The property Market in Sierra Laone is slowly developing. Poverty, cultural and religious beliefs and a strong preference for homeownership affect the demand and supply of housing. Factors like weak policy implementation, poor infrastructure, poor land administration, and profitability affect the way and manner people are buying land and building houses . large Real esatet developers of affordable housing projects are very minimal. It is often highly expnesive for the poor and average income earners, and most of their projects have failed. The local Sierra Leonean are the larget builders of rental and commercial building. Finance,...

13 Jul

FINTECH, A SOLUTION TO AFFORDABLE HOUSING FINANCING: SIERRA LEONE READINESS, INTRODUCTION AND ADOPTION.

Introduction Fintech, short for financial technology, refers to the use of technology to provide financial services. In the context of affordable housing finance, Fintech plays a significant role in making housing more accessible and affordable. In recent years, fintech introduction and application in West Africa have seen significant growth and impact. For instance, Ghana has emerged as a Fintech hub in West Africa. Mobile money services, such as MTN Mobile Money and, Airtel, Tigo Money, have gained widespread adoption, enabling digital payments and financial inclusion. Fintech startups like Zeepay and ExpressPay have also emerged, providing innovative remittances and payment processing...

13 Jul

WHAT QUESTIONS TO ASK THE PROPERTY OWNER OR AGENT when buying a property in Sierra Leone

Are you considering investing in property in Sierra Leone? Before you take the leap, make sure to ask the property owner or agent these crucial questions. It’s essential to do your due diligence to ensure a successful and hassle-free transaction. Don’t miss out on this opportunity – ask the right questions and make an informed decision. 1. Title and Ownership: a. What is the exact location of the land? b. Who is the registered owner of the land? c. Can you provide the land title documents? Is it a leasehold or freehold property? d. Has the land been previously sold...

13 Jul

COULD PREFAB HOMES BE A SOLUTION TO SIERRA LEONE’S HOUSING SHORTAGES ?

Introduction Prefab homes could indeed be a potential solution to Sierra Leone’s housing shortage. Prefabricated or modular homes are constructed off-site in a factory and then assembled on-site, allowing for faster construction and lower costs compared to traditional construction methods. Prefab Housing Global Market In recent years, prefab housing has gained traction in the United States. According to a report by Grand View Research published in 2021, the North American modular construction market (which includes prefab housing) was valued at approximately $46 billion in 2020. The report projected a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028....

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