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Renting vs Buying in 2025: What’s Best for You? – John Sam of John Sam Realty Explains

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As the real estate market in Ghana continues to evolve, many individuals especially young professionals in urban centers like Accra and Kumasi are facing a familiar but crucial question: should I rent or buy?

John Sam, CEO of John Sam Realty, offers timely insights into the age old dilemma, especially in the context of Ghana’s growing real estate opportunities in 2025. With more flexible financing options, increased urban migration, and shifting lifestyle priorities, the decision is no longer as straightforward as it once was.

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“Renting is flexible,” says John Sam in a social media post. “It requires less upfront investment, involves no long-term commitment, and allows for easier relocation. That’s why many young professionals, particularly in cities like Accra and Kumasi, prefer it while they focus on building their careers.”

Indeed, for career-driven individuals or those who value mobility, renting offers convenience. However, as Sam points out, “Rent increases are inevitable each year, and with every rent payment, you’re building someone else’s equity not your own.”

For those considering a more permanent base, buying presents a compelling alternative. Sam highlights the increasing accessibility of homeownership in Ghana: “Whether it’s a 2-bedroom home in East Legon Hills or a plot in Kasoa, buying is an investment in your future. With more banks and financial institutions offering mortgage options, monthly payments are becoming comparable to what many already pay in rent.”

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He emphasizes that purchasing property comes with long-term advantages: equity growth, financial stability, and personal control over your living space. “You’re not just buying a roof over your head,” Sam says, “you’re securing a legacy for the next generation.”

His advice is practical: “If you’re planning to stay in one place for more than five years and can manage the down payment, seriously consider buying. It’s one of the smartest financial decisions you can make today.”

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“My Vision Is to Take Locally Manufactured Footwear to International Markets” – Simon Quayson, CEO of Mr. Simon Classic Footwear

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Ghanaian locally manufactured footwear brand Mr. Simon Classic Footwear is positioning itself for expansion into the international market, with its Chief Executive Officer, Simon Quayson, envisioning a major manufacturing operation that could create employment opportunities for thousands of young people.

Based in Lartebiokorshie in Accra, the brand currently specialises in men’s footwear and is seeking to grow from a local footwear business into a recognised Ghanaian brand with a presence beyond the country.

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Speaking about his vision for the company, Simon Quayson said Ghana has the raw materials and potential needed to become a major hub for quality shoe manufacturing, adding that his long term ambition is to take the brand to the international market.

According to him, the growth of Ghana’s footwear industry should not only be about selling locally made shoes but also developing the capacity to manufacture at scale and compete in international markets.

His vision is partly inspired by Ghana’s first President, Osagyefo Dr Kwame Nkrumah, and the industrial development agenda associated with his administration, including the establishment of shoe manufacturing factories in Ghana.

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Simon Quayson believes that the country can once again build a stronger footwear manufacturing industry by investing in local production, developing skills and creating opportunities for young people.

For Mr. Simon Classic Footwear, the immediate focus is on strengthening the brand, improving its reach and establishing itself as a competitive local footwear manufacturer. However, the long term plan goes beyond the current operation.

The ultimate ambition is to establish a large scale shoe manufacturing factory capable of employing thousands of young people. Such a facility, he believes, could help create jobs while giving more young Ghanaians the opportunity to develop careers and skills within the manufacturing sector.

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The vision also reflects a broader push to demonstrate the potential of Ghanaian made products. By combining local resources, craftsmanship, branding and modern manufacturing, Mr. Simon Classic Footwear hopes to build a company that can serve both the Ghanaian market and customers abroad.

The journey is still at an early stage, but the ambition is significant. What currently operates as a locally manufactured men’s footwear brand in Lartebiokorshie is being developed with a much bigger destination in mind: an internationally recognised Ghanaian footwear company supported by large scale local production and capable of creating employment for thousands.

Mr. Simon Classic Footwear can be contacted on 0592750461 for enquiries and orders.

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