Types of Real Estate in Ghana
Residential Real Estate – both new construction and resale residences are included in residential real estate. Single-family residences are the most popular type. Condos, townhouses, duplexes, quadplexes, high-value residences, multi-generational, and vacation homes are also available.
Commercial Real Estate – shopping malls and strip malls, medical and educational facilities, hotels, and offices are all included in commercial real estate. Even if they are used for residential purposes, apartment complexes are frequently classified as commercial. This is because they are owned to generate revenue.
Industrial Real Estate – includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage, and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction, and sales are handled differently.
Land – Vacant lands, working farms, and ranches are all included. Undeveloped, early development or reuse, subdivision, and site assembly are all subcategories of vacant land.
