Building in Ghana or Buying a house in the West - Which one is better
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Күн бұрынBuilding in Ghana or Buying a house in the West - Which one is better
There is an ongoing debate among Ghanaians and Africans living in the diaspora. A debate where I think both parties do have a valid point of argument. The debate is building in Ghana vs buying a house abroad, which one is better?
To one party, it is better to scrounge yourself, live a frugal life, save some money to build a house at home in Ghana or Africa so you can enjoy it later in life. To the other, sod it. It is better to get yourself a comfortable house on a mortgage in Europe or America where you live and enjoy life now rather than later.
In this video I share my opinion as someone who's experience both scenarios. I'm going to use my experience of owning properties in both UK and Ghana to tell you which one is better. And also give you a tip on the best way to skin this cat in order to get the best out of your investments in houses later....My name is Mickey....Keep Watching!!!
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@MickeyAgyei 11 ай бұрын
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.
@lifeliving76 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
@@lifeliving76 Very true. I'm very happy to connect. Please link up on Instagram @mickey_agyei or Facebook at MICKEY AGYEI.
@lindaagyeman2471 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
@@lindaagyeman2471 May God guide you in all your endeavors.
@lindaagyeman2471 11 ай бұрын
@MickeyAgyei aaaaaaamen and thanks 😊
@felixgazo8530 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Very valid point.
@Oyzatt 21 күн бұрын
So when are you going to move back home, now that you’ve a house abroad and very comfortable?
@shelly-annrennie5378 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Very true.
@godnestgodest6265 10 ай бұрын
Spot on!
@Oyzatt 21 күн бұрын
What if the those you rented the house to end up not paying it? It can happen
@kujoyawson8914 11 ай бұрын
Mickey, this video is extremely informative and educative. Thank you for sharing this content with us (especially Ghanaian diaspora). Please keep the content coming.
@MickeyAgyei 11 ай бұрын
I'm happy it was helpful. I will try my best.
@queeniedede1781 11 ай бұрын
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).
@MickeyAgyei 11 ай бұрын
Very valid points.
@ForeverYoung-fc3eo 11 ай бұрын
Lost so much money trying to buy land in Ghana.
@MickeyAgyei 11 ай бұрын
@@ForeverYoung-fc3eo I won't argue about this.
@akinjoaquim1013 11 ай бұрын
Excellent presentation and perspective!!!
@MickeyAgyei 11 ай бұрын
Thank you.
@sam-techy 11 ай бұрын
This video is soo debatable and very interesting too. Thanks for the video fam 😊
@MickeyAgyei 11 ай бұрын
Thank you 🙂
@sihlemasondo2898 5 ай бұрын
A complex situation thank u for the advice
@herodelegend6974 11 ай бұрын
Good msg ❤ This is what we want to be listening to change our mind 😊
@MickeyAgyei 11 ай бұрын
I'm happy you found it useful.
@timewithruth 11 ай бұрын
New subscriber here! Funny enough I had this question the other day, so I am happy to see this video, good details
@MickeyAgyei 11 ай бұрын
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 🙏🏾
@AnnaAcheampong 11 ай бұрын
this video is doe very well. loved it !
@MickeyAgyei 11 ай бұрын
Mama I made it lol. Thank you very much for the feedback. I really appreciate it.
@niellsworld 11 ай бұрын
Amazing video, keep up.the good work.
@MickeyAgyei 11 ай бұрын
Thanks very much bro.
@Kof_Believer 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Hello bro. I'm happy you found it useful. Thanks for the feedback and welcome to the family.
@empresse6105 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
Wow...thanks very much for your take on the subject. And thanks for the kind words.
@KT-qk5zf 11 ай бұрын
Thanks, very thoughtful, the problem is the land issues if you fall into bad hands
@MickeyAgyei 11 ай бұрын
@@KT-qk5zf Hmm. Asem oo.
@enochgyamfiboakye2323 11 ай бұрын
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.
@twanacisse3950 10 ай бұрын
Great interview! 🎉🎉🎉
@MickeyAgyei 10 ай бұрын
Thanks very much.
@akuabeniwaa2947 11 ай бұрын
Very good job and I agree with you 100%
@MickeyAgyei 11 ай бұрын
Thank you.
@rainbow3649 11 ай бұрын
You've done it again bro! Ayekoo!
@MickeyAgyei 11 ай бұрын
Thank you 🙏🏾
@FamilyByNature 11 ай бұрын
Excellent video, Mickey!
@MickeyAgyei 11 ай бұрын
Thank you very much bro 🙏🏾
@FamilyByNature 11 ай бұрын
@@MickeyAgyei you are welcome bro.
@Noble724 11 ай бұрын
You are 💯 on point !!!
@MickeyAgyei 11 ай бұрын
Thank you.
@niiamu3300 10 ай бұрын
Excellent views and information.
@MickeyAgyei 10 ай бұрын
Thanks for the feedback.
@Oyzatt 3 ай бұрын
Your videos are the closest to everyday life experiences you’ll find on a KZfaq channel. How you insect outsiders opinions in the story line makes everything so real ❤
@MickeyAgyei 3 ай бұрын
Thank you for the feedback 🙏🏾
@marissawalker2096 11 ай бұрын
For someone looking to move to ghana from the diaspora...i agree!! N i appreciate this video!!
@MickeyAgyei 11 ай бұрын
Thanks very for the feedback.
@henrykojomensah5784 11 ай бұрын
....for me it is the verdict. You said it all.good work bro.
@MickeyAgyei 11 ай бұрын
Thank you very much bro.
@hopeoseghale7806 10 ай бұрын
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
@MickeyAgyei 10 ай бұрын
I'm very happy you found it helpful.
@ylstaggs 11 ай бұрын
I rather build my house in Ghana, the west in Babylon is not good at all!
@margaretafriyie5796 11 ай бұрын
Thanks for sharing bro
@MickeyAgyei 11 ай бұрын
You are welcome 😊
@MrDelanza 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
All valid points and thanks for your kind words.
@a.konadu4010 11 ай бұрын
Very well said😊
@afiaacheampomaa7090 11 ай бұрын
Well said u said it all 100%😊
@MickeyAgyei 11 ай бұрын
Thank you very much.
@terrelmensa4373 11 ай бұрын
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 😂
@MickeyAgyei 11 ай бұрын
All valid points.
@terrelmensa4373 11 ай бұрын
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 😂😂
@kelugu3776 11 ай бұрын
@@terrelmensa4373😂😂😂Nooooo! Spending your dream holiday sleeping?😂😂😂
@terrelmensa4373 11 ай бұрын
@@kelugu3776 yes and this will be the fate of many diasporans lol
@mansiontv6887 10 ай бұрын
@@terrelmensa4373u have gained my respect
@EkowSimpson 11 ай бұрын
I enjoyed the video
@MickeyAgyei 11 ай бұрын
Thank you very much bro
@TimewithLydiaThePharmacist 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
Thanks for your take in the subject.
@Oyzatt 3 ай бұрын
Why would you buy a house in someone else country, is it your home?
@rushasare 11 ай бұрын
Nice Video bro.
@MickeyAgyei 11 ай бұрын
Thanks very much bro.
@mr.barima5 11 ай бұрын
Very educative
@MickeyAgyei 11 ай бұрын
Thank you very much.
@nanasarfo3817 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Very good contribution. Thanks very much.
@a.konadu4010 11 ай бұрын
Exactly 💯%
@stumblebassstumblebass3661 11 ай бұрын
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
@nanayeboahboadi5459 11 ай бұрын
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 .
@MickeyAgyei 11 ай бұрын
Exactly. Thank you.
@elisesanderse8984 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Very true. As long as these properties brings in cashflow.
@Oyzatt 3 ай бұрын
You’re already in your old age as I can tell from your comment. When are you returning back?
@comfortserwaah2781 4 ай бұрын
Good Job
@MickeyAgyei 4 ай бұрын
Thank you
@frederickkoranteng3910 2 ай бұрын
Sensible 👍🏿
@williamaidoo6996 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
Very very true.
@andohfred7985 11 ай бұрын
My brother, you are the best for me. i am doing both. I will buy a condo aboard and build an apartment in ghana
@MickeyAgyei 11 ай бұрын
May God guide your plans.
@a.konadu4010 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Very well done. It's a good decision.
@fB-sk2wy 11 ай бұрын
Insightful and educative! Those are great valid points!
@MickeyAgyei 11 ай бұрын
Thanks very much for your contribution.
@kojomensah7474 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
Definitely.
@POINT_OF-CORRECTION 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Another interesting point of view. Thanks.
@kwasi47 11 ай бұрын
Very valid point
@flavorsofthecontinent7195 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
@@flavorsofthecontinent7195 A very good point.
@royrich5765 7 ай бұрын
Sense
@adminbentley5752 5 ай бұрын
Each and his own destiny so what you plan is good enough
@MickeyAgyei 5 ай бұрын
True
@user-em8pb1ql3z 10 ай бұрын
My brother you got to make up your mind where to leave happy and stress free home is home no matter what
@MickeyAgyei 10 ай бұрын
True.
@Oyzatt 3 ай бұрын
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
@ForeverYoung-fc3eo 11 ай бұрын
Personally I bought land and building in the US. I also have a small lot in Ghana for a small house.
@MickeyAgyei 11 ай бұрын
Well done. I'm intrigued to know how much it cost to buy a land in the US.
@MalawiPage 10 ай бұрын
True, true
@MickeyAgyei 10 ай бұрын
🙏🏾🙏🏾🙏🏾
@mrw1762 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
That's very good. I build not to even recuperate my money...just the cashflow that comes in even after you are gone.
@imhotep1613 10 ай бұрын
This is exactly what I will do in my home country ( Congo ). I'm in north America
@tutotutot5193 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Makes sense. Thanks for bringing that up.
@afrog3569 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
Exactly.
@AdwoaSika-on4br Ай бұрын
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
@MickeyAgyei Ай бұрын
Not a bad plan.
@queeniedede1781 11 ай бұрын
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 .
@MickeyAgyei 11 ай бұрын
£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
@queeniedede1781 11 ай бұрын
@@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.
@MickeyAgyei 11 ай бұрын
@@queeniedede1781 I get your point. Thanks for the correction.
@desmondfordjour4302 11 ай бұрын
That amount can buy 2 houses in stoke on Trent or Sheffield and the rental returns are great..
@MickeyAgyei 11 ай бұрын
@@desmondfordjour4302 40K for a house that will need no further works in UK in a less crime area? Show us the way.
@simplynaa 11 ай бұрын
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 👏😀
@MickeyAgyei 11 ай бұрын
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.
@simplynaa 11 ай бұрын
@@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 😀
@MickeyAgyei 11 ай бұрын
@@simplynaa Oh, sorry oo. I didn't see it. Thanks very much for the feedback. It means a lot to me 😁
@simplynaa 11 ай бұрын
@@MickeyAgyei Always welcome 🤗
@simplynaa 11 ай бұрын
@@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.
@davidsarpong3611 11 ай бұрын
Everyone is different, it’s not a one size fits all situation
@MickeyAgyei 11 ай бұрын
True. Hence, a broad recommendation.
@eugeneessel9132 10 ай бұрын
Every one do what is best for you and not what is best for others.
@MickeyAgyei 10 ай бұрын
Yep.
@davidsarpong3611 10 ай бұрын
Property is investment no matter where it is . People even buy holiday homes in strange countries.
@MickeyAgyei 10 ай бұрын
Very true.
@twister80 11 ай бұрын
The present is what matters...
@MickeyAgyei 11 ай бұрын
Not a bad shout.
@kwakukwapong201 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Good and valid decision. As long as it makes sense to you.
@princepaajcy8370 11 ай бұрын
U had a vision n target 🎯 whn travelling…the reality x uve slept on your vision …#please wake up
@MickeyAgyei 11 ай бұрын
@@princepaajcy8370 This is interesting. Please can you explain further?
@dennisyeboah9861 11 ай бұрын
Anyone noticed the inquisitive woman in the trotro?🤣
@MickeyAgyei 11 ай бұрын
I will go back to see lol
@mzampong7793 11 ай бұрын
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🎉
@MickeyAgyei 11 ай бұрын
Exactly Thank you.
@kojomensah7474 11 ай бұрын
Pay as you go is the best policy but if you borrow then you are under the hammer you will be a economical slave
@MickeyAgyei 11 ай бұрын
Very true.
@apdwaseb8663 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
Very valid point.
@mintfree 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
That isn't a bad idea. I hope you get the residual income to embark on this venture.
@princeowusu560 11 ай бұрын
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 ..
@MickeyAgyei 11 ай бұрын
A very good point. Thank you.
@queeniedede1781 11 ай бұрын
You can always sell or refinance your house abroad and use it to build a house or buy a house in Gh.
@MickeyAgyei 11 ай бұрын
Yeah very true.
@terrelmensa4373 11 ай бұрын
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
@MickeyAgyei 11 ай бұрын
@@terrelmensa4373 This is also true.
@queeniedede1781 11 ай бұрын
@@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.
@queeniedede1781 11 ай бұрын
@@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
@time4advancement244 11 ай бұрын
0:59 Brixton, South London, UK
@MickeyAgyei 11 ай бұрын
Correct.
@Ddesigns1931 9 ай бұрын
Eyi video yi ye okese paa
@kwahuprince5229 10 ай бұрын
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
@MickeyAgyei 10 ай бұрын
I'm sorry the topic was Buying abroad and Building in Ghana. I don't really rate buying in Ghana.
@lindaagyeman2471 11 ай бұрын
I will always make building in Ghana my priority
@MickeyAgyei 11 ай бұрын
Not a bad idea sis.
@barbudo12 11 ай бұрын
Are you joking? £450 rent? Must be at least 200 miles from London!!!
@MickeyAgyei 11 ай бұрын
Sure. Why live in London when you can equally get a quality life outside for cheap.
@rodneychaytor1152 9 ай бұрын
Do one contribute towards his or her pension while working abroad. I want to know about this?
@MickeyAgyei 9 ай бұрын
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.
@twanacisse3950 10 ай бұрын
Sorry, typing fast! Miss spelled! One house in Ghana and one house in the USA 🎉🎉🎉🎉❤
@MickeyAgyei 10 ай бұрын
No problem at all. I got the message.
@kwesiasante7752 10 ай бұрын
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.
@MickeyAgyei 10 ай бұрын
Thank you for your take.
@obaaAkos02 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
You don't have to. Well done on your investment.
@beatriceowusuachaw6210 11 ай бұрын
🎉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
@MickeyAgyei 11 ай бұрын
Yeah very true.
@twanacisse3950 10 ай бұрын
I honk one should do both! On house in Ghana and one in USA
@MickeyAgyei 10 ай бұрын
True. That is if they can afford.
@twanacisse3950 10 ай бұрын
@@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 🇬🇭 !!!!’
@MickeyAgyei 10 ай бұрын
@@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.
@twanacisse3950 10 ай бұрын
@@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
@MickeyAgyei 10 ай бұрын
@@twanacisse3950 May God guide you all the way. All the best.
@user-rj1vj5wk9f 5 ай бұрын
so sad to see the lady who got no completed house after 40 years abroad.
@MickeyAgyei 5 ай бұрын
Very sad.
@animoh1 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
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.
@animoh1 11 ай бұрын
@@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🙏
@MickeyAgyei 11 ай бұрын
@@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.
@queeniedede1781 11 ай бұрын
Well People are now buying houses by mortgage in Ghana, very ridiculous cos of the instability of the cedis
@MickeyAgyei 11 ай бұрын
I wouldn't do that in Ghana. I wouldn't even buy a ready built house. The prices are ridiculous.
@OdopaFoods 11 ай бұрын
Come to the North West of England
@MickeyAgyei 11 ай бұрын
I guess it's all about location.
@remykahari5249 9 ай бұрын
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
@MickeyAgyei 9 ай бұрын
Well done
@Baba-xx1bo 11 ай бұрын
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!!!!!!
@MickeyAgyei 11 ай бұрын
Thanks for backing me up on that point. As I said in the video, as long as the figures make sense.
@kd3897 Ай бұрын
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.
@MickeyAgyei Ай бұрын
Fair point.
@hazellawrence568 11 ай бұрын
Ghana
@kwamemarfo9910 11 ай бұрын
BOTH ARE VERY GOOD. BUT, IT COMES WITH THE AGE OF THE PERSON AND HIS SITUATION. IT COMES WITH MANY QUESTIONS.
@MickeyAgyei 11 ай бұрын
You are right.
@leosismenz347 8 ай бұрын
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
@MickeyAgyei 8 ай бұрын
@@leosismenz347 It is a tricky one but I think you will have to start by speaking to a mortgage advisor to see your options.
@imhotep1613 10 ай бұрын
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 😂😂
@MickeyAgyei 10 ай бұрын
It's good as long as it suits your circumstances.
@tillytothetophere 11 ай бұрын
Hi Mickey.
@MickeyAgyei 11 ай бұрын
Hello Aunty..
@tillytothetophere 11 ай бұрын
I hope all is well with you and the family.
@MickeyAgyei 11 ай бұрын
@@tillytothetophere We are well. Thanks for asking. I hope all is well on your return too.
@adminbentley5752 5 ай бұрын
Mogage never finish in abroad
@MickeyAgyei 5 ай бұрын
Hmm asem oo
@hazellawrence568 11 ай бұрын
Ghana but in the village
@MickeyAgyei 11 ай бұрын
That will be nice and peaceful.
@johnny9092 11 ай бұрын
£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
@MickeyAgyei 11 ай бұрын
£450...not sure how it came like that. Something happened to the audio there
@johnny9092 11 ай бұрын
@@MickeyAgyei oh okay bro! Good analysis though a lot of good points taken.
@MickeyAgyei 11 ай бұрын
@@johnny9092 Thanks very much for the feedback.
@OdopaFoods 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
Sure.
@terrelmensa4373 11 ай бұрын
Living comfortably? Don’t you pay property taxes? You guys are funny mehn
@OdopaFoods 11 ай бұрын
@@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!🙄😴
@terrelmensa4373 11 ай бұрын
@@OdopaFoods 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.
@OdopaFoods 11 ай бұрын
@@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.🤐🙄
@everymanisyourteacher9951 11 ай бұрын
There social housing in the UK. But non in Ghana.
@MickeyAgyei 11 ай бұрын
But it's not as easy to get social housing like it used to be though.
@everymanisyourteacher9951 11 ай бұрын
@@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 11 ай бұрын
@@everymanisyourteacher9951 Ahh so when you say there are social housing in UK, you meant you can get that while building in Ghana right?
@everymanisyourteacher9951 11 ай бұрын
@@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 😄😄😄
@MickeyAgyei 11 ай бұрын
@@everymanisyourteacher9951 Yeah that is also a good strategy.
@OdopaFoods 11 ай бұрын
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.
@MickeyAgyei 11 ай бұрын
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.
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