1. Real Estate Development
Lecture 02
Raw materials needed
Reading: Chapter 2 - REDPP
29 August 2011

2. Outline Background Demographic Trends in Ghana Economic indicators
Population growth
Employment by industry
Economic indicators
GDP, National wealth, economic cycles etc
Land supply
The future
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3. Background What are resources?
Something that can be used for support or help
An available supply that can be drawn on when needed.
Examples (w.r.t. RE)
Land
People/ Human beings
Capital
Building materials
Etc...
Raw materials needed

4. People as a resource in RE
Two perspectives....
People to need and use developments
People to work on developments
Resources required of people:
Intellect
Skills
Knowledge
Strength
Etc...
Raw materials needed

5. Demographic Trends in Ghana
Population
24million from latest housing census (2010 national census)
Employable population
1.2% of 5.5 million in
2.3% of 9 million in
Projection..... increased due to emergence of more main and peripheral services, migration, increase in population, need for development, etc
Raw materials needed

6. Demographic Trends in Ghana
Gender
Age ---- different generations
Increase in educated and educating populace
Marriage
Life and death
Changes in family sizes
Occupations
Religion
Other life style changes
Raw materials needed

7. Economic indicators Emergence of oil
Income level
Middle and upper class
Lower class
Economic developments in the northern and southern sectors
Availability of raw materials
Emergence of oil
GDP growth.... a developing economy
Growth in industries
Etc...
Raw materials needed

8. Economic indicators
Raw materials needed

9. Drivers of Real Estate developments
The demand end....
Growth in population
New households
Jobs and business creation
Technological developments
Life style changes
Migration
Change in demographic --- age, gender, income status, marital status etc
Etc...
Raw materials needed

10. Land Supply Availability Right place at the right time
Effects of demand and supply on prices
Ownerships
Government/ State
Family
Stool
Acquisition
Freehold System
Lease Term System
Acquisition Strategies
Options on land
Partnership Agreements
Equity terms
Lease
Freehold
Raw materials needed

11. The future
Opportunity for growth but, doing it right is the key to success
Growth of main and peripheral services due to:
Developmental needs
Globalization
Availability of resources
Developing economy.... Oil find
Opportunities of entrepreneurs
Benefits to nation
Drive growth, Curb housing deficit, Curb unemployment
Etc.....
Raw materials needed

12. Questions to ask you.....
What role did the RE industry play in the current financial meltdown?
Are resources available in Ghana?
Does the generation controlling the mass of wealth in an economy affect how that economy will respond to RE?
Raw materials needed