The term land encompasses all physical elements, bestowed by nature, to a specific area or piece of property,the environment, fields, forests, minerals, climate, animals, and bodies or sources of water.
How to buy land in Ghana
For non-Ghanaians for whom the process may be a little more complicated, it is recommended you buy land straight from the developer.
Established real estate developers such as MagnaTerris and PS Global, are the safest option.
Always check the developer is registered with the Ghana Real Estate Developers Association (GREDA).
The main thing you need to be aware of is who owns the land and whether they own it outright or whether it’s mortgaged.
A land title search can be carried out by the appropriate government office and you can also carry out a valuation.
There is usually a fee for these services which is paid for by the buyer, however, it is well worth the expense.
Whenever you conduct a property transaction make sure you are involved in every step of the process and if possible, employ the services of an independent property lawyer to check the paperwork.
Once the purchase agreement has been made, a Deed of Conveyance is drawn up by the lawyer.
Upon signing this document the land title is passed to the buyer, who pays for the land at the same time.
The title is registered at the Lands Commission Secretariat. Property registration takes around 382 days to accomplish.
STEPS TO BUYING A LAND IN GHANA
See the Land with Your Eyes.
Search for the Land.
What is a cadastral plan ?
Get Your Own Surveyor.
Purchase and Transfer Agreement.
Installment of Outright Payment.
Checking litigants.
Register Your Land.