Building in Ghana or Buying a house in the West - Which one is better

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  • čas přidán 18. 06. 2024
  • Building 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!!!
    Every country has a story; so does its people. I get to travel and visit different parts of the world due to the nature of my work, so I take viewers with me in the form of vlogs to explore and tell beautiful stories of the people and the places that I am working.
    I am dedicated to provide deep, meaningful and entertaining contents for you, my viewers....
    So enjoy!!!
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Komentáře • 286

  • @MickeyAgyei
    @MickeyAgyei  Před 10 měsíci +7

    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
      @lifeliving76 Před 10 měsíci

      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
      @MickeyAgyei  Před 10 měsíci

      @@lifeliving76 Very true. I'm very happy to connect. Please link up on Instagram @mickey_agyei or Facebook at MICKEY AGYEI.

    • @lindaagyeman2471
      @lindaagyeman2471 Před 10 měsíci +2

      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
      @MickeyAgyei  Před 10 měsíci +2

      @@lindaagyeman2471 May God guide you in all your endeavors.

    • @lindaagyeman2471
      @lindaagyeman2471 Před 10 měsíci

      @MickeyAgyei aaaaaaamen and thanks 😊

  • @felixgazo8530
    @felixgazo8530 Před 10 měsíci +29

    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.

  • @queeniedede1781
    @queeniedede1781 Před 10 měsíci +10

    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).

  • @shelly-annrennie5378
    @shelly-annrennie5378 Před 10 měsíci +10

    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.

  • @empresse6105
    @empresse6105 Před 10 měsíci +12

    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
      @MickeyAgyei  Před 10 měsíci +1

      Wow...thanks very much for your take on the subject. And thanks for the kind words.

    • @KT-qk5zf
      @KT-qk5zf Před 10 měsíci +1

      Thanks, very thoughtful, the problem is the land issues if you fall into bad hands

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      @@KT-qk5zf Hmm. Asem oo.

    • @enochgyamfiboakye2323
      @enochgyamfiboakye2323 Před 10 měsíci +1

      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.

  • @sam-techy
    @sam-techy Před 10 měsíci

    This video is soo debatable and very interesting too. Thanks for the video fam 😊

  • @akinjoaquim1013
    @akinjoaquim1013 Před 10 měsíci +1

    Excellent presentation and perspective!!!

  • @herodelegend6974
    @herodelegend6974 Před 10 měsíci +1

    Good msg ❤
    This is what we want to be listening to change our mind 😊

  • @kujoyawson8914
    @kujoyawson8914 Před 10 měsíci +1

    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
      @MickeyAgyei  Před 10 měsíci

      I'm happy it was helpful. I will try my best.

  • @timewithruth
    @timewithruth Před 10 měsíci +1

    New subscriber here! Funny enough I had this question the other day, so I am happy to see this video, good details

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      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
    @AnnaAcheampong Před 10 měsíci +1

    this video is doe very well. loved it !

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      Mama I made it lol. Thank you very much for the feedback. I really appreciate it.

  • @Oyzatt
    @Oyzatt Před 3 měsíci

    Your videos are the closest to everyday life experiences you’ll find on a CZcams channel. How you insect outsiders opinions in the story line makes everything so real ❤

    • @MickeyAgyei
      @MickeyAgyei  Před 3 měsíci

      Thank you for the feedback 🙏🏾

  • @rainbow3649
    @rainbow3649 Před 10 měsíci +2

    You've done it again bro! Ayekoo!

  • @marissawalker2096
    @marissawalker2096 Před 10 měsíci +1

    For someone looking to move to ghana from the diaspora...i agree!! N i appreciate this video!!

  • @sihlemasondo2898
    @sihlemasondo2898 Před 4 měsíci

    A complex situation thank u for the advice

  • @hopeoseghale7806
    @hopeoseghale7806 Před 10 měsíci +1

    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
      @MickeyAgyei  Před 10 měsíci

      I'm very happy you found it helpful.

  • @henrykojomensah5784
    @henrykojomensah5784 Před 10 měsíci

    ....for me it is the verdict. You said it all.good work bro.

  • @Kof_Believer
    @Kof_Believer Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      Hello bro. I'm happy you found it useful. Thanks for the feedback and welcome to the family.

  • @niellsworld
    @niellsworld Před 10 měsíci

    Amazing video, keep up.the good work.

  • @akuabeniwaa2947
    @akuabeniwaa2947 Před 10 měsíci

    Very good job and I agree with you 100%

  • @FamilyByNature
    @FamilyByNature Před 10 měsíci +1

    Excellent video, Mickey!

  • @TimewithLydiaThePharmacist
    @TimewithLydiaThePharmacist Před 10 měsíci +10

    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
      @MickeyAgyei  Před 10 měsíci

      Thanks for your take in the subject.

    • @Oyzatt
      @Oyzatt Před 3 měsíci

      Why would you buy a house in someone else country, is it your home?

  • @twanacisse3950
    @twanacisse3950 Před 10 měsíci

    Great interview! 🎉🎉🎉

  • @MrDelanza
    @MrDelanza Před 10 měsíci +5

    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
      @MickeyAgyei  Před 10 měsíci

      All valid points and thanks for your kind words.

    • @a.konadu4010
      @a.konadu4010 Před 10 měsíci +1

      Very well said😊

  • @Noble724
    @Noble724 Před 10 měsíci

    You are 💯 on point !!!

  • @elisesanderse8984
    @elisesanderse8984 Před 10 měsíci +6

    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
      @MickeyAgyei  Před 10 měsíci +2

      Very true. As long as these properties brings in cashflow.

    • @Oyzatt
      @Oyzatt Před 3 měsíci

      You’re already in your old age as I can tell from your comment. When are you returning back?

  • @niiamu3300
    @niiamu3300 Před 10 měsíci

    Excellent views and information.

  • @afiaacheampomaa7090
    @afiaacheampomaa7090 Před 10 měsíci +1

    Well said u said it all 100%😊

  • @terrelmensa4373
    @terrelmensa4373 Před 10 měsíci +17

    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
      @MickeyAgyei  Před 10 měsíci +1

      All valid points.

    • @terrelmensa4373
      @terrelmensa4373 Před 10 měsíci +4

      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
      @kelugu3776 Před 10 měsíci +1

      ​@@terrelmensa4373😂😂😂Nooooo! Spending your dream holiday sleeping?😂😂😂

    • @terrelmensa4373
      @terrelmensa4373 Před 10 měsíci +2

      @@kelugu3776 yes and this will be the fate of many diasporans lol

    • @mansiontv6887
      @mansiontv6887 Před 9 měsíci

      ​@@terrelmensa4373u have gained my respect

  • @kojomensah7474
    @kojomensah7474 Před 10 měsíci +1

    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

  • @nanayeboahboadi5459
    @nanayeboahboadi5459 Před 10 měsíci +7

    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 .

  • @williamaidoo6996
    @williamaidoo6996 Před 10 měsíci +4

    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

  • @nanasarfo3817
    @nanasarfo3817 Před 10 měsíci +8

    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
      @MickeyAgyei  Před 10 měsíci

      Very good contribution. Thanks very much.

    • @a.konadu4010
      @a.konadu4010 Před 10 měsíci +1

      Exactly 💯%

    • @stumblebassstumblebass3661
      @stumblebassstumblebass3661 Před 10 měsíci

      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

  • @a.konadu4010
    @a.konadu4010 Před 10 měsíci +6

    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
      @MickeyAgyei  Před 10 měsíci +1

      Very well done. It's a good decision.

  • @andohfred7985
    @andohfred7985 Před 10 měsíci

    My brother, you are the best for me. i am doing both. I will buy a condo aboard and build an apartment in ghana

  • @EkowSimpson
    @EkowSimpson Před 10 měsíci

    I enjoyed the video

  • @user-em8pb1ql3z
    @user-em8pb1ql3z Před 9 měsíci +2

    My brother you got to make up your mind where to leave happy and stress free home is home no matter what

    • @MickeyAgyei
      @MickeyAgyei  Před 9 měsíci

      True.

    • @Oyzatt
      @Oyzatt Před 3 měsíci

      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

  • @margaretafriyie5796
    @margaretafriyie5796 Před 10 měsíci

    Thanks for sharing bro

  • @davidsarpong3611
    @davidsarpong3611 Před 10 měsíci +1

    Property is investment no matter where it is . People even buy holiday homes in strange countries.

  • @rushasare
    @rushasare Před 10 měsíci

    Nice Video bro.

  • @ForeverYoung-fc3eo
    @ForeverYoung-fc3eo Před 10 měsíci +3

    Personally I bought land and building in the US. I also have a small lot in Ghana for a small house.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      Well done. I'm intrigued to know how much it cost to buy a land in the US.

  • @mr.barima5
    @mr.barima5 Před 10 měsíci

    Very educative

  • @POINT_OF-CORRECTION
    @POINT_OF-CORRECTION Před 10 měsíci +5

    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
      @MickeyAgyei  Před 10 měsíci

      Another interesting point of view. Thanks.

    • @kwasi47
      @kwasi47 Před 10 měsíci +1

      Very valid point

    • @flavorsofthecontinent7195
      @flavorsofthecontinent7195 Před 10 měsíci +1

      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
      @MickeyAgyei  Před 10 měsíci

      @@flavorsofthecontinent7195 A very good point.

    • @royrich5765
      @royrich5765 Před 6 měsíci

      Sense

  • @tutotutot5193
    @tutotutot5193 Před 10 měsíci +2

    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
      @MickeyAgyei  Před 10 měsíci +1

      Makes sense. Thanks for bringing that up.

  • @mrw1762
    @mrw1762 Před 10 měsíci +2

    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
      @MickeyAgyei  Před 10 měsíci

      That's very good. I build not to even recuperate my money...just the cashflow that comes in even after you are gone.

    • @imhotep1613
      @imhotep1613 Před 10 měsíci

      This is exactly what I will do in my home country ( Congo ).
      I'm in north America

  • @afrog3569
    @afrog3569 Před 10 měsíci +1

    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

  • @AdwoaSika-on4br
    @AdwoaSika-on4br Před měsícem

    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

  • @frederickkoranteng3910
    @frederickkoranteng3910 Před měsícem

    Sensible 👍🏿

  • @adminbentley5752
    @adminbentley5752 Před 4 měsíci

    Each and his own destiny so what you plan is good enough

  • @davidsarpong3611
    @davidsarpong3611 Před 10 měsíci +1

    Everyone is different, it’s not a one size fits all situation

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      True. Hence, a broad recommendation.

  • @ylstaggs
    @ylstaggs Před 10 měsíci +2

    I rather build my house in Ghana, the west in Babylon is not good at all!

  • @fB-sk2wy
    @fB-sk2wy Před 10 měsíci

    Insightful and educative! Those are great valid points!

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      Thanks very much for your contribution.

  • @eugeneessel9132
    @eugeneessel9132 Před 10 měsíci

    Every one do what is best for you and not what is best for others.

  • @simplynaa
    @simplynaa Před 10 měsíci +1

    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
      @MickeyAgyei  Před 10 měsíci

      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
      @simplynaa Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci +1

      @@simplynaa Oh, sorry oo. I didn't see it. Thanks very much for the feedback. It means a lot to me 😁

    • @simplynaa
      @simplynaa Před 10 měsíci

      @@MickeyAgyei Always welcome 🤗

    • @simplynaa
      @simplynaa Před 10 měsíci +1

      @@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.

  • @comfortserwaah2781
    @comfortserwaah2781 Před 3 měsíci

    Good Job

  • @kwakukwapong201
    @kwakukwapong201 Před 10 měsíci +1

    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
      @MickeyAgyei  Před 10 měsíci

      Good and valid decision. As long as it makes sense to you.

    • @princepaajcy8370
      @princepaajcy8370 Před 10 měsíci

      U had a vision n target 🎯 whn travelling…the reality x uve slept on your vision …#please wake up

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      @@princepaajcy8370 This is interesting. Please can you explain further?

  • @MalawiPage
    @MalawiPage Před 10 měsíci

    True, true

  • @twister80
    @twister80 Před 10 měsíci

    The present is what matters...

  • @apdwaseb8663
    @apdwaseb8663 Před 10 měsíci +1

    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

  • @mintfree
    @mintfree Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      That isn't a bad idea. I hope you get the residual income to embark on this venture.

  • @mzampong7793
    @mzampong7793 Před 10 měsíci

    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🎉

  • @queeniedede1781
    @queeniedede1781 Před 10 měsíci +3

    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
      @MickeyAgyei  Před 10 měsíci +2

      £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
      @queeniedede1781 Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci +1

      @@queeniedede1781 I get your point. Thanks for the correction.

    • @desmondfordjour4302
      @desmondfordjour4302 Před 10 měsíci +1

      That amount can buy 2 houses in stoke on Trent or Sheffield and the rental returns are great..

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      @@desmondfordjour4302 40K for a house that will need no further works in UK in a less crime area? Show us the way.

  • @kojomensah7474
    @kojomensah7474 Před 10 měsíci +1

    Pay as you go is the best policy but if you borrow then you are under the hammer you will be a economical slave

  • @princeowusu560
    @princeowusu560 Před 10 měsíci +1

    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 ..

  • @time4advancement244
    @time4advancement244 Před 10 měsíci +1

    0:59
    Brixton, South London, UK

  • @rodneychaytor1152
    @rodneychaytor1152 Před 8 měsíci

    Do one contribute towards his or her pension while working abroad. I want to know about this?

    • @MickeyAgyei
      @MickeyAgyei  Před 8 měsíci

      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.

  • @queeniedede1781
    @queeniedede1781 Před 10 měsíci +2

    You can always sell or refinance your house abroad and use it to build a house or buy a house in Gh.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      Yeah very true.

    • @terrelmensa4373
      @terrelmensa4373 Před 10 měsíci +5

      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
      @MickeyAgyei  Před 10 měsíci

      @@terrelmensa4373 This is also true.

    • @queeniedede1781
      @queeniedede1781 Před 10 měsíci

      @@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
      @queeniedede1781 Před 10 měsíci

      @@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

  • @obaaAkos02
    @obaaAkos02 Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      You don't have to. Well done on your investment.

  • @queeniedede1781
    @queeniedede1781 Před 10 měsíci

    Well People are now buying houses by mortgage in Ghana, very ridiculous cos of the instability of the cedis

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      I wouldn't do that in Ghana. I wouldn't even buy a ready built house. The prices are ridiculous.

  • @kwesiasante7752
    @kwesiasante7752 Před 10 měsíci

    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.

  • @twanacisse3950
    @twanacisse3950 Před 10 měsíci

    I honk one should do both! On house in Ghana and one in USA

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      True. That is if they can afford.

    • @twanacisse3950
      @twanacisse3950 Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci +1

      @@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
      @twanacisse3950 Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci

      @@twanacisse3950 May God guide you all the way. All the best.

  • @kwahuprince5229
    @kwahuprince5229 Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      I'm sorry the topic was Buying abroad and Building in Ghana. I don't really rate buying in Ghana.

  • @lindaagyeman2471
    @lindaagyeman2471 Před 10 měsíci

    I will always make building in Ghana my priority

  • @OdopaFoods
    @OdopaFoods Před 10 měsíci

    Come to the North West of England

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      I guess it's all about location.

  • @dennisyeboah9861
    @dennisyeboah9861 Před 10 měsíci +1

    Anyone noticed the inquisitive woman in the trotro?🤣

  • @kwamemarfo9910
    @kwamemarfo9910 Před 10 měsíci

    BOTH ARE VERY GOOD. BUT, IT COMES WITH THE AGE OF THE PERSON AND HIS SITUATION. IT COMES WITH MANY QUESTIONS.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      You are right.

    • @leosismenz347
      @leosismenz347 Před 7 měsíci

      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
      @MickeyAgyei  Před 7 měsíci

      @@leosismenz347 It is a tricky one but I think you will have to start by speaking to a mortgage advisor to see your options.

  • @twanacisse3950
    @twanacisse3950 Před 10 měsíci +1

    Sorry, typing fast! Miss spelled! One house in Ghana and one house in the USA 🎉🎉🎉🎉❤

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      No problem at all. I got the message.

  • @Ddesigns1931
    @Ddesigns1931 Před 9 měsíci

    Eyi video yi ye okese paa

  • @user-rj1vj5wk9f
    @user-rj1vj5wk9f Před 4 měsíci

    so sad to see the lady who got no completed house after 40 years abroad.

  • @hazellawrence568
    @hazellawrence568 Před 10 měsíci

    Ghana

  • @beatriceowusuachaw6210
    @beatriceowusuachaw6210 Před 10 měsíci +1

    🎉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

  • @kd3897
    @kd3897 Před 29 dny

    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.

  • @barbudo12
    @barbudo12 Před 10 měsíci +1

    Are you joking? £450 rent? Must be at least 200 miles from London!!!

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      Sure. Why live in London when you can equally get a quality life outside for cheap.

  • @remykahari5249
    @remykahari5249 Před 8 měsíci

    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

  • @Baba-xx1bo
    @Baba-xx1bo Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      Thanks for backing me up on that point. As I said in the video, as long as the figures make sense.

  • @animoh1
    @animoh1 Před 10 měsíci +1

    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
      @MickeyAgyei  Před 10 měsíci +3

      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
      @animoh1 Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci +1

      @@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.

  • @adminbentley5752
    @adminbentley5752 Před 4 měsíci

    Mogage never finish in abroad

  • @imhotep1613
    @imhotep1613 Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      It's good as long as it suits your circumstances.

  • @tillytothetophere
    @tillytothetophere Před 10 měsíci

    Hi Mickey.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      Hello Aunty..

    • @tillytothetophere
      @tillytothetophere Před 10 měsíci

      I hope all is well with you and the family.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      @@tillytothetophere We are well. Thanks for asking. I hope all is well on your return too.

  • @hazellawrence568
    @hazellawrence568 Před 10 měsíci

    Ghana but in the village

  • @everymanisyourteacher9951
    @everymanisyourteacher9951 Před 10 měsíci

    There social housing in the UK. But non in Ghana.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci

      But it's not as easy to get social housing like it used to be though.

    • @everymanisyourteacher9951
      @everymanisyourteacher9951 Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci

      @@everymanisyourteacher9951 Ahh so when you say there are social housing in UK, you meant you can get that while building in Ghana right?

    • @everymanisyourteacher9951
      @everymanisyourteacher9951 Před 10 měsíci

      @@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
      @MickeyAgyei  Před 10 měsíci +1

      @@everymanisyourteacher9951 Yeah that is also a good strategy.

  • @OdopaFoods
    @OdopaFoods Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      Sure.

    • @terrelmensa4373
      @terrelmensa4373 Před 10 měsíci +1

      Living comfortably? Don’t you pay property taxes? You guys are funny mehn

    • @OdopaFoods
      @OdopaFoods Před 10 měsíci

      @@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
      @terrelmensa4373 Před 10 měsíci +1

      @@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
      @OdopaFoods Před 10 měsíci

      @@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.🤐🙄

  • @johnny9092
    @johnny9092 Před 10 měsíci +2

    £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
      @MickeyAgyei  Před 10 měsíci +1

      £450...not sure how it came like that. Something happened to the audio there

    • @johnny9092
      @johnny9092 Před 10 měsíci

      @@MickeyAgyei oh okay bro! Good analysis though a lot of good points taken.

    • @MickeyAgyei
      @MickeyAgyei  Před 10 měsíci +1

      @@johnny9092 Thanks very much for the feedback.

  • @OdopaFoods
    @OdopaFoods Před 10 měsíci

    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
      @MickeyAgyei  Před 10 měsíci

      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.