Land and Real Estate Assessment Methodologies: Land and Property Markets in Ghana

Day / Time Thursday, June 22nd / 13:30 - 15:30

Event Description
This session will examine a variety of assessment instruments used and the difficult questions facing governments and the private sector in making land reform and real estate markets available to their populations, the property resources of the nation. The presentation will include actual case studies and look at specific applications examining land, mortgage market and housing sectors, along with their application in selected countries of Eastern Europe . This event will, also, look at the operations of the land and property markets in Ghana, which are largely informal.

Session Language

English

Speakers

Richard Green, Prof. of Finance and Real Estate, George Washington University

Norman Flynn, President, International Real Property Foundation

Dr. Callistus Mahama, Ghanaian Chartered Surveyor, Gordon Davis, National Association of Realtors

This session is one of a series of 12 networking sessions organized by the International Housing Coalition (IHC) on important housing issues.

Host Organization
International Real Property Foundation (IRPF)

Host Organization Description
IRPF is a non-profit foundation created from the desire of the U.S. real estate professionals to share their expertise. At the grassroots, we bring practitioners together to promote property rights globally, enabling people to own property, to own a home. We believe having a home means having hope. We deliver on the promise of hope by sharing American real estate know-how with the developing world. IRPF is committed to making the world a better place through real estate.

Website

www.irpf.org/IRPF.nsf/homepage?OpenForm

www.rics.org/

Report

Title of Event: Name of Organisation: Date and time of the session:	Land and Real Estate Assessment Methodologies: Land and Property Markets in Ghana International Real Property Foundation and Royal Institute of Chartered Surveyors Thursday, June 22, 1:30-3:30 p.m. MR07
Key Highlights Estimated no of participants: 65 Stakeholder group representation at the event: Multilateral donor officials, bilateral development aid officials, market experts, NGOs, government officials What were the expected objectives: Discuss efforts to develop a uniform instrument for assessing national real estate markets, and consider its potential application to the Ghana market. What did the networking event achieve: Generated a useful discussion about the necessary contents, and the shortcomings, of a uniform instrument, as well as survey techniques.
2. What were the core issues identified in your event as they relate to the theme and sub-themes of WUFIII? Cross-comparability of assessments of different national markets; tension between accuracy and brevity in assessment instrument; identification of end users of assessments and their needs. Related to main theme and sub-theme 1.
3. What were the main points raised by panellists and participants in relation to these different issues? What new ideas have been generated as a result of the discussion? Difficulty of locating base line economic information on real estate markets; need to create instrument that is not idiosyncratic to individual surveyors; elusiveness of relevant data in a country where traditional land use patterns prevail; inability of the proposed assessment vehicle to accurately identify slum conditions.
4. What process steps have been identified in your event that could help turn ideas into operational reality? Base line economic information must be collected from public domain sources prior to undertaking assessments; questions must be targeted to the particular professional expertise of interviewees.

Land and Real Estate Assessment Methodologies: Land and Property Markets in Ghana

Report

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