Interest Grows As Africans In Diaspora Dream Of Owning A Home In Country Of Origin

A significant percentage of Africans living in the diaspora continually pursue a dream of owning real estate in their country of origin. Yet this goal is often met with numerous obstacles in the way ranging from a high degree of fraudulent practices, the inconvenience of several trips to conduct transactions, a required due diligence process, a gap in viable financing options, verification of deeds, and countless other legal, financial or other mandatory steps as legislated by the local real estate laws and codes.

Over the years, these hurdles continue to deter many diaspora members from achieving a dream of purchasing real estate properties in their homeland. One can argue that even Africans currently living in their own countries struggle in the real estate acquisition process, hence they could benefit from a solution if provided.

But, what if this dream of seamlessly acquiring real estate could become reality?

According to recent data shows that despite the ongoing global financial turmoil, real estate has continued to retain its allure among Africans since owning a home in their native country remains attractive.

Africans working and living abroad have been key players in the growth witnessed in the local real estate sectors and governments have seem to have taken note of these developments with the World Bank placing nearly $100.1 billion flowed into Africa in 2022 in remittances which is approximately twice the level of overseas development assistance.

It is through these front that new market entrant, Omoh Homes has decided to bridge the gap by fronting a digital platform where serious and committed buyers will be connected to reputable real estate firms.

“We have an interface on our website where the client can quickly and easily sign up to view real estate listings in the country and city of their liking in any African nation. This bridges the gap and cuts time in one way while linking users to vetted stakeholders (legal, financing, developers thus giving the client peace of mind in purchasing real estate remotely,’’ said Nicholus Okach, Group CEO, Omoh Homes.

The firm headquartered in Nairobi offers a competitive advantage in the African market as it seek to bring a complete suite of all property acquisition services needed in one shop such as advanced analytics for transparency, bridging and linking American, European, Asian and African banking systems, a set of competitive options for financing, an up-to-date monitoring/reporting of transactions and monthly mortgage payments to tailor services for each user.