* An acre in a prime zone in Accra can cost up to US$2 million.
* The mortgage market is underdeveloped or non-existent in the majority of the continent. The mortgage to GDP ratio for Ghana remains under 1 percent, compared to 32 percent for South Africa (SARB, 2011) and 19.6 percent for Namibia (Bank of Namibia 2011).
* Challenges of accessing funding for property developments in many parts of sub-Saharan Africa. Although some developments in South Africa are funded with up to 100 percent debt, in the rest of the continent developers often need to put down around 50 percent in cash.
* In the first quarter of 2012, the value of prime property in the world’s key cities fell by 0.4 percent, while that in Nairobi rose by 24 percent making it, globally, the strongest performer.
