Kenyan independent investment management firm, Cytonn investments, is now eyeing a piece of Ghanas real estate market as it looks to expand its markets across Africa.

Cytonn, in its weekly market report, says it expects to be able to provide exposure in the country's real estate market to its clients by mid-2019.

The firm notes that Accra’s real estate market offers an attractive investment opportunity compared to other markets such as Nairobi and Kampala, with average rental yields of 14.3%, 10.1%, 9.5% and 7.6% for serviced offices, un-serviced offices, retail, and residential, respectively

It also notes that Accra's hospitality sector is better performing than that of Nairobi with the best investment opportunities being in its 3, 4 and 5 star hotels.

"The hospitality sector has better performance as well, with average daily rates of USD 210 compared to Nairobi’s USD 130, and occupancy rates averaging 61.0% in Accra compared to Nairobi’s 55.0%."

The country has been hailed as one of the leading emerging markets in Africa and was declared a lower middle income country in 2010 by the World Bank.

The firm says that its decision to focus on Ghana's real estate market has largely been pegged on the country's political stability as well as being among the leading economic hubs in West Africa, thus providing an investments safe-haven.

Cytonn seeks to change the world of real estate market by finding, evaluating, structuring and delivering world class real estate investment products to its esteemed clients.