A simple google search will reveal all kinds of advice as to how you should be investing in property, and how that is the key to building sustainable wealth. What you won’t find a lot of though is how exactly you, a 9-5er with a monthly income of between $300 – $ 500 (USD) and monthly expenses of almost twice that is supposed to be able to afford real estate, especially considering that you most likely don’t own your home and will find it virtually impossible to obtain a loan at any meaningful interest rate.
Real estate investing is desirable, it’s important and its an asset class that everyone should have access to.
However, there have historically been institutional barriers preventing the majority of people who might be interested in owning property as an investment from doing so.
Some of these are ;
Lack of access; You most likely don’t have access to the rooms and meetings where the real estate deals are being brokered. From one day to the next, you see new massive developments in your neighbourhood and wonder where it all came from.
High minimum entry; Even if you managed to get an invite to participate in these deals, there are chances you can’t afford the minimum buy-in required to participate. A quick phone call survey of Real estate syndicate participants in Nigeria carried out by Cofundie revealed that the average buy-in for residential projects varies between $15,000 – $20,000 (USD) this effectively cuts out 80% of the population in Nigeria.
Lack of Trust; Now let’s assume you somehow manage to gain access to these deals, and against all odds, you have your $15,000 ready to go. The next thing on your mind is;
“How do I trust these guys enough to hand over such a large sum of money? “
“How am I sure that the bet they are taking with investing in this neighbourhood is the correct bet? “
And assuming everything else goes well, “how can I compel them to meet their commitments to me?”
Last but not least;
Long term nature of real estate; Because of the manual nature of most construction in Africa, most of the construction takes longer on average than it usually would in more developed countries. You cant start earning from the property until construction is over, so by the time you tack on sales or rental times to the overall outlook, you have a minimum wait time of at least 24 months.
These barriers and more have effectively served as a gate preventing anyone who is not a multimillionaire from investing in real estate.
Cofundie is the key.
We have systematically broken down each and every single one of those barriers to make it possible for you whoever and wherever you are in the world to invest in real estate in one of the most stable markets in Africa; Ghana.
We have negotiated a deal with Appolonia City, the largest urban developer in Ghana. We will be financing the construction of 4 units of 2-bed single-family homes within Appolonia City as part of what will be known as Appolonia Mews.
“Mews is a British name for a row or courtyard of houses built behind large city houses”
Appolonia Mews is a low-to- middle-income housing development in Appolonia City designed to meet the tastes and aspirations of upwardly mobile young middle-income families. The individual homes are designed to offer families decent homes at affordable prices.
Appolonia City will handle the construction and sales of these homes while Cofundie will be providing the opportunity for anyone, anywhere in the world with an internet connection to sponsor the construction for as low as $250 a share, in return for 15% ROI after just 12 months.
Appolonia City is a subsidiary of Rendeavour, Africa’s biggest urban developer. They are focused on building world-class satellite cities across the continent.
A typical Rendeavour project encompasses around 2500 acres and is designed to provide homes for around 100,000 people and facilities for 30,000 daily visitors.
The typical project lifetime is 20 years and has the potential to create 100,000 permanent and 220,000 temporary jobs.
Some of their current projects are;
- Tatu city- Kenya
- King city- Ghana
- Alaro city- Nigeria
- Kiswishi- DRC
- Roma Park- Zambia
- Appolonia city- Ghana
Appolonia City is a 2,325-acre (941-hectare) mixed-use and mixed-income urban development just 20km from the centre of Accra. The project includes a variety of social infrastructure underpinned by world-class construction and estate management services. Residential sales with a range of financing options are available by purchasing a plot to build your own house in Nova Ridge or an existing home at the Oxford development.
Appolonia Business Park offers 70 acres (30 hectares) of modern commercial areas. The park is designed to accommodate a range of uses including manufacturing, processing, storage, logistics and service companies.
Some of the current developments at Appolonia city are;
- The Oxford
- Nova ridge
- Bijou homes
- Appolonia Mews
- Appolonia industrial park
- Appolonia business district
Why is Appolonia Mews a good deal?
The population in Accra is growing exponentially and it’s not expected to slow down anytime soon because of the government efforts to position the city as a regional business hub as well as the friendly business and regulatory environment.
Appolonia City is perfectly located to absorb some of the population spread.
A combination of push and pull factors ensure that Appolonia City will continue to grow over the next 25 years.
The population growth within Accra coupled with the extremely high cost of decent accommodation within the main city is already pushing young couples and middle-income earners to the periphery of the city, at the same time, the world-class facilities within Appolonia city, security and proximity to the centre of Accra is also pulling those same people to acquire property within the city.
Rendeavour the parent company of Appolonia City is also a world-class brand with a track record of consistently delivering on projects and meeting deadlines.
For example, the Bijou homes project built in partnership with GHL was delivered on time and without significant budget overruns and are currently the most affordable homes provided within the city.
For anyone with an interest in investing in real estate in Accra, Investing within Appolonia city provides the best of both worlds; Access to a profitable investment devoid of the typical risks you might find on the African continent.
I’ll leave you with a real estate quote
“Now, one thing I tell everyone is to learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk. “
But ill also leave you with a practical way to get started investing ;
Sign up as a member, Invest in Appolonia Mews Phase 1 and you can start on your journey as a real estate investor.