I agree with your opinion,I always advise people to build within their strength and also they should try not use too many years to build,if prefered build an apartments to rent ,let us connect,i live in the States now and preparing to move back to Ghana,lets connect to talk more ,thanks
God bless bro,l agree with your opinion, l have houses in both worlds, though l have a lot of equity in my house here in the United States l am more happy for having a house both in Accra and Kumasi, we are ready to come home permanently and enjoy the fruits our labor by God's grace
Some of us have done both (built a house in Gh and bought a house abroad to live in with family) and it’s doable. You just have to plan it and trust in God to help you achieve it. Being comfortable abroad in where I live with my family is non-negotiable for me.
If you can. Do both. A home abroad is also an investment. It can be a source of foreign currency for when you return home. You can also remortgage it to build back home. If you have kids and they don't want to follow you home, it would be a good start for them in life because they don't have to pay rent. Yes we are very emotional about home but we have to think strategically about creating wealth, especially generationally.
My verdict as a property investor in both Ghana and abroad (various countries) is have both but you can have bigger returns/yields with 0% risk in properties abroad than Ghana 🇬🇭. As Ghana has no property regulations to protect you in regards to rubbish contractors, builders , developers, proper valuation system and land purchase system (100% risk, you just have to do your due diligence very well).
My brother. For those who listen and learn, you're God send. Everything you said is true. We paid 21 years mortgage, thank God we sold at the right time and moved to Africa. We're living our life rent or mortgage free. The space and the freedom is overwhelming for us. We built a house and left with enough money to sustain us. Thank God for people like you telling it as it is. Africans live lives without wisdom in the West. I have seen it been there. People get a range rover on lease or loan How many days do they drive it besides driving to work. I can write pages about why building home is the best if you're in the West. I have seen those who build and never reach home to enjoy because they get caught in the spider web in the West thinking they're living their best lives until they drop. THANK YOU MY BROTHER. PLEASE KEEP TALKING🙏🏿🙏🏿🙏🏿❤️ Once you join the rat race, you need the Grace of God to be set free from the bondage
I don't think any house in the west is spider web as u called it. It depends where you are... I have bought home for my kids to raise them in , five bedroom house with garden in a good place. Living abroad doesn't mean you can't leave a good life. At the same time I'm almost finishing one back home by God's grace. It depends how you see it.
It's always good to build in your mother Land but never let your family members build for you. Do it for yourself. After building it, if you're not ready to move in, rent it out.
The younger generation like myself WE ARE BUILDING IN GHANA TO MOVE IN IMMEDIATELY NOT WHEN WE ARE 65 YEARS OLD. I know many young people who moved from America 🇺🇸 to Ghana and are doing very well. Some own businesses and others are doing remote work which pays them in dollars. So imagine living in a mansion in Ghana with ZERO MORTGAGE and yet being paid in dollars . These guys are always laughing 😂 . On the other hand, you get a $300,000 mortgage and you’re stuck here forever. Fall sick or lose your job and the real owners will come knocking. For me it is better to secure yourself in Ghana and move in quickly while you’re young so you can enjoy the fruits of your labor. Those who wait to retire in Ghana are the most pathetic folks 😂 They just go and die 😂
I am an American citizen so I can always come back IF and IF things don’t work out in Ghana. My work experience and educational background will easily land me a job in America whenever I come back. I have been working in corporate America for years now. Even if I don’t get an office job when I come back I am not too proud to work a warehouse job. Life is only one. It is good to enjoy it while you’re young. Some of you will get old and want to travel the world. Pay $5000 for a trip to Greece only to go and fall asleep all throughout the vacation. Sad sad sad. I visited London, Ireland, Sweden, Toronto, Amsterdam and I saw how many Ghanaians are struggling. 5 to 6 guys sharing one tiny apartment and you say you’re living good 😂😂
My husband is building appartements and stores in Ghana. For rent.... we also bougth a house in nederlsnd where we are living. If you want to move yo Ghana you always have some money from selling the house if things go well.
Your videos are the closest to everyday life experiences you’ll find on a UA-cam channel. How you insect outsiders opinions in the story line makes everything so real ❤
Very thought provoking video topic indeed and I like the way you deliberated over the points made. I would like to say, that I would rather invest or build more houses in Ghana and forget the west because gone are the days when house/property markets aren't fetching much in Ghana. I can guarantee you properties in the right locations will fetch you more money and peace of mind than owning smaller equivalent houses in the West with all the sleeplessness and bills plus you don't also own the land on which any property stands in the West. If you're thinking of a short term investments in the West, then fine but if a long term with with the needed peace of mind, I would build in Ghana, visit frequently as needed and and have the lasting peace of mind on my investment returns. Anyways, this is my opinion as someone still living and enjoying both worlds. Keep up the good work bro.
It is always advantagious to own a house in the country where you call ancestral home and birth country because your children and grand children won't lose their heritage and ancestral connection
What people don't realise is that, though the intent of building a house in your home country is to stay in when you go home or for family back home if any, to have a decent living. However, there are other more selfless important things to consider. One of which is also contributing to the socioeconomic development of your home country. Most abroad staying Ghanaians who don't contribute anything to the socioeconomic development of Ghana are often the very ones who always chastise, criticize bemoan the underdevelopment of Ghana and even insult people who are at least doing something back home that they think are not enough. If you can build a house anywhere do it. Including your own home country. We should desist from listening to negative people who are self centered and myopic in their thinking that development is a waste of time if you are not directly the one to enjoy it. 99% of the people who built Europe and America are no longer alive. but they did not think, they will die and leave everything behind so they should not develop their country. To those who don't want to do anything in your country don't do it. But don't pollute others to be negative like you.
Most Ghanaians abroad are the ones keeping the economy afloat by sending billions of dollars and pounds into the country each year. We all know most Ghanaians dont pay taxes or want to pay taxes in ghana. All the money government are making on duties alone coming from Ghanaian diasporans are helping country alot so to say Ghanaians living abroad dont contribute to the development of the nation is a complete nonsense
Very educative and wisdom inspiring video on one of the greatest things about living abroad as diaspora. I totally agree with you,if you have the opportunity to acquire a property in the west is great but don’t forget where you came from.Motherland is home and the can never be a place better and peaceful than home in the Motherland where we belong .
thank you very much sir this video really directed me to the right part by say try to build a house back home even if you are not going to live there because no one knows tomorrow
I’m building in Ghana but 2 apartments put together. I plan to rent the bottom for now and reserve the top for when I’m there. By the time I really move to settle I’d have recuperated at least some of what I invested in. In fact I can continue renting the one apartment even when I’m there. I will not buy property abroad as it never felt like home.
Mickey, this video is extremely informative and educative. Thank you for sharing this content with us (especially Ghanaian diaspora). Please keep the content coming.
I disagree with you ooo. £80K can buy a whole house in the UK 🇬🇧, depending on the location. Location location and return is higher. It is properly regulated and works better. No risk at all compare to Ghana. The appreciation rate is higher abroad as well .
£80k won't buy you 2 though. And that location might not be viable for rental investment due to the local history eg high rate of crime. But I perfectly agree with you. It's very profitable when you get it right abroad. Thanks for your take on the subject
@@MickeyAgyei I only disagreed with you cos you said £80K cannot buy a property in the UK 🇬🇧. That information is absolutely wrong . It all depends on the location.
They're both good, non is better. As a owner of properties and a the owner of a construction company, I can confidently say it's all depends on ones needs
Yes but at a price 10 times higher if you had done it earlier. I bought my land in Accra for 10k cedis. Today land in that area is $20k to $40k per plot. So you’re not being smart if you want to wait and build later YOU WILL PAY MORE
@@terrelmensa4373 how many years ago? It is all about the location. Location location . Land in Accra 😁, if you don’t fence it or build on it you will lose ownership or will have endless legal battle. With right investment abroad depending on the years you could be hitting $100K to $200K without the risk of losing the land to other owners. That is not a smart investment. I am talking from experience.
@@terrelmensa4373 I’m not saying people should not invest in Gh, it just that the rate of appreciation, yields and returns are higher abroad than in Ghana 🇬🇭. Even in Accra the probability that you might loose your money and the Land is very high (higher risk with less appreciation, less returns and less yield) . Not the best
It comes down to having the means. If you work in the West and have the means to own a home, by all means go for it. You can always sell when no longer needs. That said, I hate those taking money from Africa to buy a house in the West
The funny thing is, this topic wasn't even on my schedule until last week. I'm happy it's helped. Thanks for the feedback and welcome to the channel 🙏🏾
We are young generation and we have a chance to rewrite Africa story. Build , buy a land do everything possible to own something in Africa … in the next 5-10 years , you will not be able to do that. If you can have a house in the west n Africa do it especially if you have kids. Africa is the place real estate is changing the game ..
Wow! What a detailed analysis. Great job done bro. I just subscribed. I find myself in both sides of the analysis. Wow! Great job. Kudos to you. Waiting for your next content.
This is a complex question. First of all I asked myself, do I want my family to be comfortable here in the UK where we live most of the year, or invest a whole lot of money in a building in Ghana where I'm lucky to spend a month every other year. But I'm a Ghanaian and the draw of home is strong. So I decided to go the half and half way. I decided to start building in Ghana 8 years ago and said to myself I won't have a time limit for completing it until I'm ready to move or spend more time back home. In the meanwhile I live comfortably here in the UK with my family. I think that's the best way of resolving both situations. You only have one life.
good debate but i think you forgot to mention the importance of currency performance.....in my country of Botswana the currency Pula has been depreciating against the USdollar over the past 10 years resulting in me having loss of valuation and rental in USD terms but fine in local pula terms.
The better option is if you live abroad full time with a family and you have documents buy a comfortable house as an investment for you and family. Because homes abroad is highly likely to appreciate over time. When you sell that property you can use some of that money to build in Ghana. I sold one of my house abroad after living there for 8 years and made a profit of almost $300k. If I want i can build a house in Ghana. If you dont have document living in abroad, then built in Ghana in case they sent you home.
Some of the lands are freehold in the UK. In fact the UK is now generally against leasehold. The leasehold land in Ghana is one thing I have been thinking about. You still have to renew ownership after a number of years. Anyway, I for one I like real estate business and investment. So if I can invest in both places after doing all checks and balances, then I am good. It’s good to plan early. Each individual needs are different. That was great delivery content-wise 👏😀
Freehold land in UK will be expensive or? With the leasehold in Ghana, I'm also intrigued to know what happens in future when the lease are due. You are right with estate investments and planning early.
@@MickeyAgyeiThe freehold is not expensive. Similar prices as other houses. I don’t know how they come about that decision. It might depend on the terms of agreement the estate developers get when buying the land. Thanks for the response. Did you notice the props I gave you? I edited and added that 😀
I have a 6 bedroom house in Ghana and a 3 bedroom house in the US. My brother and his family are living in my house in Ghana so it seems that I built it for them. That’s ok with me because I’m helping a sibling, and atleast I have a house I can call my own in Ghana. But that’ll be my only house in Ghana. My plan is to buy multiple homes and rent them out in the US.
In the 2008/2009 US economic downturn I lost my job but never lost my house. A good career is always the best because you can also find a job. Invest where you live first.
🎉My daughter and husband had a house in Ghana and is going wellyou see in you have to someone to build a house for you the land and the house must be done by someone you trust the house building must be done by someone you trust and that will be done bokoo
Do not build build in Africa if you have no intentions of moving in 5/6yrs time. I have watched my parents and their friends build 5/10 bedrooms in GH but most are renting council flats and can't even afford to pay their bills in the UK. Live life where you have children and gain an income.
What if they built 2 bedroom apartments for rent instead of 5/10 bedrooms? I'm sure they'd get some income back...even if as pocket money when they visit. Just an opinion.
@@MickeyAgyei true true but, depends where these apartments are located. Central of accra, you'll get your money back double time, in the back end of Tafo is not worth the cost of erraticing the building or cost in maintenance. I personally have done apartments in accra but am under 40 and go to Ghana twice a year to check things. For those struggling to pay rent in the UK or trying to get their indefinite leave to remain. Please advise them to concentrate of their papers rather🙏
@@animoh1 True. I have apartments at the back end of Esreso in Kumasi and I was surprised how much people will pay me for them. But I get your point about sorting out papers first.
I think it’s wrong that you only have 2 choices. Do it all. I have bought a house abroad and have built a house in Africa. It’s impossible until it’s done. It can be done. I have done it
I bought six properties in Liverpool, I use the profits from these properties to rent a flat in London. There is no way I would get a mortgage for myself and get tied down to one house for twenty five years!!!!!!
Hmmmm....very dicey issue of you ask me. But in all, choose what you think suits your circumstances as you said!!. Very insightful and thought provoking. Good video by all standards🎉
Am 54 now and completed my house back home 2 years ago. And thank God i used two years to complete my house in 2022.Now i would like to buy a house in the west but looking at my age now hmmm.I hope someone can advice me as to what to do b ,cos am a little confused
It all depends if you are documented or not. If you are legal then yes; through the deduction of National insurance (NI) contributions (in UK). You can also arrange pension through private companies. Some government organisations like army, police, fire service etc also have their own pension schemes. There is a higher chance that an illegal immigrant will not have a pension.
@@MickeyAgyei yes my plan is taking maybe three years! It’s not easy! One does not need a big house! But the cost of dual citizenship, shipping, port taxes, business permits, land ownership cost, lawyer fees, realtor fees, taxes, insurance, land guards, land commissions fees, hauling materials, infrastructure maintenance cost, marketing budget, and traveling back and forth from USA to Ghana 🇬🇭 !!!!’
@@twanacisse3950 Just take it bit by bit. I'm not sure how old you are but know that Rome wasn't built in a day. The best way to eat an elephant is to chew a chunk at a time.
@@MickeyAgyei I am 63 years old! This is rough! I am flipping houses for a living! I think and believe deeply, USA will go into a possible civil war! I want out of here before 2024
I am in north America. I bought a farming land in my home country and its producing ......for me . Meanwhile me being in North America I'm not even thinking of buying a home because my farming business benefits will alter on will me build a house back home still . I'm free to move from one city to another wihout strings attached 😂😂
You are comparing to London which is over priced. You can buy a property as little as 50 thousand pounds in the UK. And enjoy while YOU are living comfortably and stability in the UK.
@@terrelmensa4373 Who guys are funny! Yes, I am living a comfortable life and your problem is? 🤔Are you ASKING A QUESTION that need an ANSWER or you are here to be SARCASTIC🤐 and insult people you might NEVER KNOW who they are in your life!🙄😴
@@OdopaTruelove I am not insulting anyone. I am speaking on what I have seen. I visited London last month and I was not impressed with the life most of the people live out there. Most people abroad are struggling.
@@terrelmensa4373 Then you should say London. Because people like me Do not live in London and i am very comfortable living my life. Then again NOT ALL are the people living in London are struggling. Basically, stop lumping ALL people you do not know their circumstances in one basket. You are behaving like when "certain people" say ALL BLACK men are lazy, wife beaters and armed robbers -out of their own IGNORANCE.🤐🙄
@@MickeyAgyei yeah but in a worse case scenario, the government will house you. It's there, but getting is harder than it not been there. You can do both but it's much better to do one in Gh and one here if you can. It depends on age and finances. I personally don't want to grow older before I build in Gh.
@@MickeyAgyei yeah, because you won't be entitled to it so long as you have 5k and above in your account, so build in Gh and pretend broke in the UK for social housing 😄😄😄
As I said in the video, these are just my opinion based on my experiences and I will love to know yours in the comment section.
I agree with your opinion,I always advise people to build within their strength and also they should try not use too many years to build,if prefered build an apartments to rent ,let us connect,i live in the States now and preparing to move back to Ghana,lets connect to talk more ,thanks
@@lifeliving76 Very true. I'm very happy to connect. Please link up on Instagram @mickey_agyei or Facebook at MICKEY AGYEI.
God bless bro,l agree with your opinion, l have houses in both worlds, though l have a lot of equity in my house here in the United States l am more happy for having a house both in Accra and Kumasi, we are ready to come home permanently and enjoy the fruits our labor by God's grace
@@lindaagyeman2471 May God guide you in all your endeavors.
@MickeyAgyei aaaaaaamen and thanks 😊
Some of us have done both (built a house in Gh and bought a house abroad to live in with family) and it’s doable. You just have to plan it and trust in God to help you achieve it. Being comfortable abroad in where I live with my family is non-negotiable for me.
Very valid point.
So when are you going to move back home, now that you’ve a house abroad and very comfortable?
If you can. Do both. A home abroad is also an investment. It can be a source of foreign currency for when you return home. You can also remortgage it to build back home. If you have kids and they don't want to follow you home, it would be a good start for them in life because they don't have to pay rent. Yes we are very emotional about home but we have to think strategically about creating wealth, especially generationally.
Very true.
Spot on!
What if the those you rented the house to end up not paying it? It can happen
My verdict as a property investor in both Ghana and abroad (various countries) is have both but you can have bigger returns/yields with 0% risk in properties abroad than Ghana 🇬🇭. As Ghana has no property regulations to protect you in regards to rubbish contractors, builders , developers, proper valuation system and land purchase system (100% risk, you just have to do your due diligence very well).
Very valid points.
Lost so much money trying to buy land in Ghana.
@@ForeverYoung-fc3eo I won't argue about this.
My brother. For those who listen and learn, you're God send. Everything you said is true.
We paid 21 years mortgage, thank God we sold at the right time and moved to Africa. We're living our life rent or mortgage free. The space and the freedom is overwhelming for us. We built a house and left with enough money to sustain us. Thank God for people like you telling it as it is. Africans live lives without wisdom in the West. I have seen it been there. People get a range rover on lease or loan How many days do they drive it besides driving to work. I can write pages about why building home is the best if you're in the West. I have seen those who build and never reach home to enjoy because they get caught in the spider web in the West thinking they're living their best lives until they drop.
THANK YOU MY BROTHER. PLEASE KEEP TALKING🙏🏿🙏🏿🙏🏿❤️
Once you join the rat race, you need the Grace of God to be set free from the bondage
Wow...thanks very much for your take on the subject. And thanks for the kind words.
Thanks, very thoughtful, the problem is the land issues if you fall into bad hands
@@KT-qk5zf Hmm. Asem oo.
I don't think any house in the west is spider web as u called it. It depends where you are... I have bought home for my kids to raise them in , five bedroom house with garden in a good place. Living abroad doesn't mean you can't leave a good life. At the same time I'm almost finishing one back home by God's grace. It depends how you see it.
It's always good to build in your mother Land but never let your family members build for you. Do it for yourself. After building it, if you're not ready to move in, rent it out.
Very good contribution. Thanks very much.
Exactly 💯%
Renting out, people in Ghana can go behind your back and make money without you knowing but you don’t see your money. Can’t trust anyone there
The younger generation like myself WE ARE BUILDING IN GHANA TO MOVE IN IMMEDIATELY NOT WHEN WE ARE 65 YEARS OLD. I know many young people who moved from America 🇺🇸 to Ghana and are doing very well. Some own businesses and others are doing remote work which pays them in dollars. So imagine living in a mansion in Ghana with ZERO MORTGAGE and yet being paid in dollars . These guys are always laughing 😂 . On the other hand, you get a $300,000 mortgage and you’re stuck here forever. Fall sick or lose your job and the real owners will come knocking. For me it is better to secure yourself in Ghana and move in quickly while you’re young so you can enjoy the fruits of your labor. Those who wait to retire in Ghana are the most pathetic folks 😂 They just go and die 😂
All valid points.
I am an American citizen so I can always come back IF and IF things don’t work out in Ghana. My work experience and educational background will easily land me a job in America whenever I come back. I have been working in corporate America for years now. Even if I don’t get an office job when I come back I am not too proud to work a warehouse job. Life is only one. It is good to enjoy it while you’re young. Some of you will get old and want to travel the world. Pay $5000 for a trip to Greece only to go and fall asleep all throughout the vacation. Sad sad sad. I visited London, Ireland, Sweden, Toronto, Amsterdam and I saw how many Ghanaians are struggling. 5 to 6 guys sharing one tiny apartment and you say you’re living good 😂😂
@@terrelmensa4373😂😂😂Nooooo! Spending your dream holiday sleeping?😂😂😂
@@kelugu3776 yes and this will be the fate of many diasporans lol
@@terrelmensa4373u have gained my respect
My husband is building appartements and stores in Ghana. For rent.... we also bougth a house in nederlsnd where we are living. If you want to move yo Ghana you always have some money from selling the house if things go well.
Very true. As long as these properties brings in cashflow.
You’re already in your old age as I can tell from your comment. When are you returning back?
Your videos are the closest to everyday life experiences you’ll find on a UA-cam channel. How you insect outsiders opinions in the story line makes everything so real ❤
Thank you for the feedback 🙏🏾
Very thought provoking video topic indeed and I like the way you deliberated over the points made. I would like to say, that I would rather invest or build more houses in Ghana and forget the west because gone are the days when house/property markets aren't fetching much in Ghana. I can guarantee you properties in the right locations will fetch you more money and peace of mind than owning smaller equivalent houses in the West with all the sleeplessness and bills plus you don't also own the land on which any property stands in the West. If you're thinking of a short term investments in the West, then fine but if a long term with with the needed peace of mind, I would build in Ghana, visit frequently as needed and and have the lasting peace of mind on my investment returns. Anyways, this is my opinion as someone still living and enjoying both worlds. Keep up the good work bro.
All valid points and thanks for your kind words.
Very well said😊
I think it's best to have a home abroad and one in Ghana as well if you can afford it. This video is very helpful. Thanks a lot, Mikey
Thanks for your take in the subject.
Why would you buy a house in someone else country, is it your home?
It is always advantagious to own a house in the country where you call ancestral home and birth country because your children and grand children won't lose their heritage and ancestral connection
Very very true.
What people don't realise is that, though the intent of building a house in your home country is to stay in when you go home or for family back home if any, to have a decent living.
However, there are other more selfless important things to consider. One of which is also contributing to the socioeconomic development of your home country.
Most abroad staying Ghanaians who don't contribute anything to the socioeconomic development of Ghana are often the very ones who always chastise, criticize bemoan the underdevelopment of Ghana and even insult people who are at least doing something back home that they think are not enough.
If you can build a house anywhere do it. Including your own home country. We should desist from listening to negative people who are self centered and myopic in their thinking that development is a waste of time if you are not directly the one to enjoy it.
99% of the people who built Europe and America are no longer alive. but they did not think, they will die and leave everything behind so they should not develop their country.
To those who don't want to do anything in your country don't do it. But don't pollute others to be negative like you.
Another interesting point of view. Thanks.
Very valid point
Most Ghanaians abroad are the ones keeping the economy afloat by sending billions of dollars and pounds into the country each year. We all know most Ghanaians dont pay taxes or want to pay taxes in ghana. All the money government are making on duties alone coming from Ghanaian diasporans are helping country alot so to say Ghanaians living abroad dont contribute to the development of the nation is a complete nonsense
@@flavorsofthecontinent7195 A very good point.
Sense
I rather build my house in Ghana, the west in Babylon is not good at all!
You can do both. I have two in Canada and in the process of finishing my house in GH. My house in GH is modest. I didn't go crazy.
Very well done. It's a good decision.
Very educative and wisdom inspiring video on one of the greatest things about living abroad as diaspora. I totally agree with you,if you have the opportunity to acquire a property in the west is great but don’t forget where you came from.Motherland is home and the can never be a place better and peaceful than home in the Motherland where we belong .
Exactly. Thank you.
Personally I bought land and building in the US. I also have a small lot in Ghana for a small house.
Well done. I'm intrigued to know how much it cost to buy a land in the US.
thank you very much sir this video really directed me to the right part by say try to build a house back home even if you are not going to live there because no one knows tomorrow
I'm very happy you found it helpful.
I’m building in Ghana but 2 apartments put together. I plan to rent the bottom for now and reserve the top for when I’m there. By the time I really move to settle I’d have recuperated at least some of what I invested in. In fact I can continue renting the one apartment even when I’m there. I will not buy property abroad as it never felt like home.
That's very good. I build not to even recuperate my money...just the cashflow that comes in even after you are gone.
This is exactly what I will do in my home country ( Congo ).
I'm in north America
My brother you got to make up your mind where to leave happy and stress free home is home no matter what
True.
It depends bro. Most people are running from home because of pressure and not having peace of mind. So what you’re saying is something very personal
For someone looking to move to ghana from the diaspora...i agree!! N i appreciate this video!!
Thanks very for the feedback.
I have been saying this if you are in a common unity you can achieve what you want but you have to be with people around you with the same mindset
Definitely.
Mickey, this video is extremely informative and educative. Thank you for sharing this content with us (especially Ghanaian diaspora). Please keep the content coming.
I'm happy it was helpful. I will try my best.
I'm doing both. I have a house in US with a mortgage and I'm also building in Ghana. My plan is to rent out the one in the US when I move to Ghana
Not a bad plan.
I disagree with you ooo. £80K can buy a whole house in the UK 🇬🇧, depending on the location. Location location and return is higher. It is properly regulated and works better. No risk at all compare to Ghana. The appreciation rate is higher abroad as well .
£80k won't buy you 2 though. And that location might not be viable for rental investment due to the local history eg high rate of crime. But I perfectly agree with you. It's very profitable when you get it right abroad. Thanks for your take on the subject
@@MickeyAgyei I only disagreed with you cos you said £80K cannot buy a property in the UK 🇬🇧. That information is absolutely wrong . It all depends on the location.
@@queeniedede1781 I get your point. Thanks for the correction.
That amount can buy 2 houses in stoke on Trent or Sheffield and the rental returns are great..
@@desmondfordjour4302 40K for a house that will need no further works in UK in a less crime area? Show us the way.
Property is investment no matter where it is . People even buy holiday homes in strange countries.
Very true.
They're both good, non is better. As a owner of properties and a the owner of a construction company, I can confidently say it's all depends on ones needs
Exactly.
Each and his own destiny so what you plan is good enough
True
You've done it again bro! Ayekoo!
Thank you 🙏🏾
Good msg ❤
This is what we want to be listening to change our mind 😊
I'm happy you found it useful.
You can always sell or refinance your house abroad and use it to build a house or buy a house in Gh.
Yeah very true.
Yes but at a price 10 times higher if you had done it earlier. I bought my land in Accra for 10k cedis. Today land in that area is $20k to $40k per plot. So you’re not being smart if you want to wait and build later YOU WILL PAY MORE
@@terrelmensa4373 This is also true.
@@terrelmensa4373 how many years ago? It is all about the location. Location location . Land in Accra 😁, if you don’t fence it or build on it you will lose ownership or will have endless legal battle. With right investment abroad depending on the years you could be hitting $100K to $200K without the risk of losing the land to other owners. That is not a smart investment. I am talking from experience.
@@terrelmensa4373 I’m not saying people should not invest in Gh, it just that the rate of appreciation, yields and returns are higher abroad than in Ghana 🇬🇭. Even in Accra the probability that you might loose your money and the Land is very high (higher risk with less appreciation, less returns and less yield) . Not the best
Excellent presentation and perspective!!!
Thank you.
Everyone is different, it’s not a one size fits all situation
True. Hence, a broad recommendation.
It comes down to having the means. If you work in the West and have the means to own a home, by all means go for it. You can always sell when no longer needs. That said, I hate those taking money from Africa to buy a house in the West
Very valid point.
this video is doe very well. loved it !
Mama I made it lol. Thank you very much for the feedback. I really appreciate it.
Well said u said it all 100%😊
Thank you very much.
New subscriber here! Funny enough I had this question the other day, so I am happy to see this video, good details
The funny thing is, this topic wasn't even on my schedule until last week. I'm happy it's helped. Thanks for the feedback and welcome to the channel 🙏🏾
Pay as you go is the best policy but if you borrow then you are under the hammer you will be a economical slave
Very true.
....for me it is the verdict. You said it all.good work bro.
Thank you very much bro.
We are young generation and we have a chance to rewrite Africa story. Build , buy a land do everything possible to own something in Africa … in the next 5-10 years , you will not be able to do that. If you can have a house in the west n Africa do it especially if you have kids. Africa is the place real estate is changing the game ..
A very good point. Thank you.
My brother, you are the best for me. i am doing both. I will buy a condo aboard and build an apartment in ghana
May God guide your plans.
Wow! What a detailed analysis. Great job done bro. I just subscribed. I find myself in both sides of the analysis. Wow! Great job. Kudos to you. Waiting for your next content.
Hello bro. I'm happy you found it useful. Thanks for the feedback and welcome to the family.
This is a complex question. First of all I asked myself, do I want my family to be comfortable here in the UK where we live most of the year, or invest a whole lot of money in a building in Ghana where I'm lucky to spend a month every other year. But I'm a Ghanaian and the draw of home is strong. So I decided to go the half and half way. I decided to start building in Ghana 8 years ago and said to myself I won't have a time limit for completing it until I'm ready to move or spend more time back home. In the meanwhile I live comfortably here in the UK with my family. I think that's the best way of resolving both situations. You only have one life.
Good and valid decision. As long as it makes sense to you.
U had a vision n target 🎯 whn travelling…the reality x uve slept on your vision …#please wake up
@@princepaajcy8370 This is interesting. Please can you explain further?
This video is soo debatable and very interesting too. Thanks for the video fam 😊
Thank you 🙂
Every one do what is best for you and not what is best for others.
Yep.
good debate but i think you forgot to mention the importance of currency performance.....in my country of Botswana the currency Pula has been depreciating against the USdollar over the past 10 years resulting in me having loss of valuation and rental in USD terms but fine in local pula terms.
Makes sense. Thanks for bringing that up.
A complex situation thank u for the advice
Excellent video, Mickey!
Thank you very much bro 🙏🏾
@@MickeyAgyei you are welcome bro.
The better option is if you live abroad full time with a family and you have documents buy a comfortable house as an investment for you and family. Because homes abroad is highly likely to appreciate over time. When you sell that property you can use some of that money to build in Ghana. I sold one of my house abroad after living there for 8 years and made a profit of almost $300k. If I want i can build a house in Ghana. If you dont have document living in abroad, then built in Ghana in case they sent you home.
Thank you for your take.
Some of the lands are freehold in the UK. In fact the UK is now generally against leasehold. The leasehold land in Ghana is one thing I have been thinking about. You still have to renew ownership after a number of years. Anyway, I for one I like real estate business and investment. So if I can invest in both places after doing all checks and balances, then I am good. It’s good to plan early. Each individual needs are different. That was great delivery content-wise 👏😀
Freehold land in UK will be expensive or? With the leasehold in Ghana, I'm also intrigued to know what happens in future when the lease are due. You are right with estate investments and planning early.
@@MickeyAgyeiThe freehold is not expensive. Similar prices as other houses. I don’t know how they come about that decision. It might depend on the terms of agreement the estate developers get when buying the land.
Thanks for the response. Did you notice the props I gave you? I edited and added that 😀
@@simplynaa Oh, sorry oo. I didn't see it. Thanks very much for the feedback. It means a lot to me 😁
@@MickeyAgyei Always welcome 🤗
@@MickeyAgyei Maybe you should do some research on leasehold and renewal in Ghana. That is one area that I am sure many are uninformed about.
Very good job and I agree with you 100%
Thank you.
I have a 6 bedroom house in Ghana and a 3 bedroom house in the US. My brother and his family are living in my house in Ghana so it seems that I built it for them. That’s ok with me because I’m helping a sibling, and atleast I have a house I can call my own in Ghana. But that’ll be my only house in Ghana. My plan is to buy multiple homes and rent them out in the US.
That isn't a bad idea. I hope you get the residual income to embark on this venture.
Sorry, typing fast! Miss spelled! One house in Ghana and one house in the USA 🎉🎉🎉🎉❤
No problem at all. I got the message.
In the 2008/2009 US economic downturn I lost my job but never lost my house.
A good career is always the best because you can also find a job.
Invest where you live first.
Fair point.
Great interview! 🎉🎉🎉
Thanks very much.
True, true
🙏🏾🙏🏾🙏🏾
You are 💯 on point !!!
Thank you.
🎉My daughter and husband had a house in Ghana and is going wellyou see in you have to someone to build a house for you the land and the house must be done by someone you trust the house building must be done by someone you trust and that will be done bokoo
Yeah very true.
Amazing video, keep up.the good work.
Thanks very much bro.
Excellent views and information.
Thanks for the feedback.
Do not build build in Africa if you have no intentions of moving in 5/6yrs time. I have watched my parents and their friends build 5/10 bedrooms in GH but most are renting council flats and can't even afford to pay their bills in the UK. Live life where you have children and gain an income.
What if they built 2 bedroom apartments for rent instead of 5/10 bedrooms? I'm sure they'd get some income back...even if as pocket money when they visit. Just an opinion.
@@MickeyAgyei true true but, depends where these apartments are located. Central of accra, you'll get your money back double time, in the back end of Tafo is not worth the cost of erraticing the building or cost in maintenance. I personally have done apartments in accra but am under 40 and go to Ghana twice a year to check things. For those struggling to pay rent in the UK or trying to get their indefinite leave to remain. Please advise them to concentrate of their papers rather🙏
@@animoh1 True. I have apartments at the back end of Esreso in Kumasi and I was surprised how much people will pay me for them. But I get your point about sorting out papers first.
so sad to see the lady who got no completed house after 40 years abroad.
Very sad.
Are you joking? £450 rent? Must be at least 200 miles from London!!!
Sure. Why live in London when you can equally get a quality life outside for cheap.
I think it’s wrong that you only have 2 choices. Do it all. I have bought a house abroad and have built a house in Africa.
It’s impossible until it’s done. It can be done. I have done it
Well done
I enjoyed the video
Thank you very much bro
Anyone noticed the inquisitive woman in the trotro?🤣
I will go back to see lol
Nice Video bro.
Thanks very much bro.
Sensible 👍🏿
Insightful and educative! Those are great valid points!
Thanks very much for your contribution.
I bought six properties in Liverpool, I use the profits from these properties to rent a flat in London. There is no way I would get a mortgage for myself and get tied down to one house for twenty five years!!!!!!
Thanks for backing me up on that point. As I said in the video, as long as the figures make sense.
Thanks for sharing bro
You are welcome 😊
0:59
Brixton, South London, UK
Correct.
this video is posted recently why didnt you talk about mortgage facilities available in ghana now? which is simply just as mortgages in the west
I'm sorry the topic was Buying abroad and Building in Ghana. I don't really rate buying in Ghana.
The present is what matters...
Not a bad shout.
Hmmmm....very dicey issue of you ask me. But in all, choose what you think suits your circumstances as you said!!. Very insightful and thought provoking. Good video by all standards🎉
Exactly Thank you.
I will always make building in Ghana my priority
Not a bad idea sis.
Why choose IF you are able to do both. I have a home in the states and a 10 unit (1 bedrooms & 2 bedroom apartments) in Accra Ghana.
You don't have to. Well done on your investment.
BOTH ARE VERY GOOD. BUT, IT COMES WITH THE AGE OF THE PERSON AND HIS SITUATION. IT COMES WITH MANY QUESTIONS.
You are right.
Am 54 now and completed my house back home 2 years ago. And thank God i used two years to complete my house in 2022.Now i would like to buy a house in the west but looking at my age now hmmm.I hope someone can advice me as to what to do b ,cos am a little confused
@@leosismenz347 It is a tricky one but I think you will have to start by speaking to a mortgage advisor to see your options.
Good Job
Thank you
Do one contribute towards his or her pension while working abroad. I want to know about this?
It all depends if you are documented or not. If you are legal then yes; through the deduction of National insurance (NI) contributions (in UK). You can also arrange pension through private companies. Some government organisations like army, police, fire service etc also have their own pension schemes. There is a higher chance that an illegal immigrant will not have a pension.
Well People are now buying houses by mortgage in Ghana, very ridiculous cos of the instability of the cedis
I wouldn't do that in Ghana. I wouldn't even buy a ready built house. The prices are ridiculous.
Very educative
Thank you very much.
I honk one should do both! On house in Ghana and one in USA
True. That is if they can afford.
@@MickeyAgyei yes my plan is taking maybe three years! It’s not easy! One does not need a big house! But the cost of dual citizenship, shipping, port taxes, business permits, land ownership cost, lawyer fees, realtor fees, taxes, insurance, land guards, land commissions fees, hauling materials, infrastructure maintenance cost, marketing budget, and traveling back and forth from USA to Ghana 🇬🇭 !!!!’
@@twanacisse3950 Just take it bit by bit. I'm not sure how old you are but know that Rome wasn't built in a day. The best way to eat an elephant is to chew a chunk at a time.
@@MickeyAgyei I am 63 years old! This is rough! I am flipping houses for a living! I think and believe deeply, USA will go into a possible civil war! I want out of here before 2024
@@twanacisse3950 May God guide you all the way. All the best.
Mogage never finish in abroad
Hmm asem oo
I am in north America. I bought a farming land in my home country and its producing ......for me .
Meanwhile me being in North America I'm not even thinking of buying a home because my farming business benefits will alter on will me build a house back home still .
I'm free to move from one city to another wihout strings attached 😂😂
It's good as long as it suits your circumstances.
Come to the North West of England
I guess it's all about location.
Ghana
Eyi video yi ye okese paa
Ghana but in the village
That will be nice and peaceful.
£250 rent?? That must be just an example, no rent in the UK cost £250 lol even rent as a student was more than that bro. Good video though
£450...not sure how it came like that. Something happened to the audio there
@@MickeyAgyei oh okay bro! Good analysis though a lot of good points taken.
@@johnny9092 Thanks very much for the feedback.
You are comparing to London which is over priced. You can buy a property as little as 50 thousand pounds in the UK. And enjoy while YOU are living comfortably and stability in the UK.
Sure.
Living comfortably? Don’t you pay property taxes? You guys are funny mehn
@@terrelmensa4373 Who guys are funny! Yes, I am living a comfortable life and your problem is? 🤔Are you ASKING A QUESTION that need an ANSWER or you are here to be SARCASTIC🤐 and insult people you might NEVER KNOW who they are in your life!🙄😴
@@OdopaTruelove I am not insulting anyone. I am speaking on what I have seen. I visited London last month and I was not impressed with the life most of the people live out there. Most people abroad are struggling.
@@terrelmensa4373 Then you should say London. Because people like me Do not live in London and i am very comfortable living my life. Then again NOT ALL are the people living in London are struggling. Basically, stop lumping ALL people you do not know their circumstances in one basket. You are behaving like when "certain people" say ALL BLACK men are lazy, wife beaters and armed robbers -out of their own IGNORANCE.🤐🙄
There social housing in the UK. But non in Ghana.
But it's not as easy to get social housing like it used to be though.
@@MickeyAgyei yeah but in a worse case scenario, the government will house you. It's there, but getting is harder than it not been there. You can do both but it's much better to do one in Gh and one here if you can. It depends on age and finances. I personally don't want to grow older before I build in Gh.
@@everymanisyourteacher9951 Ahh so when you say there are social housing in UK, you meant you can get that while building in Ghana right?
@@MickeyAgyei yeah, because you won't be entitled to it so long as you have 5k and above in your account, so build in Gh and pretend broke in the UK for social housing 😄😄😄
@@everymanisyourteacher9951 Yeah that is also a good strategy.
Hi Mickey.
Hello Aunty..
I hope all is well with you and the family.
@@tillytothetophere We are well. Thanks for asking. I hope all is well on your return too.
Hi Mickey, I got a house to sell in Kumasi near Abrepo Junction, you might know someone who is looking to buy a big property for education or a hotel.
I'm sorry I don't know anyone at the moment. I will surely come back to this comment when I come across one. Thank you.