By Saskia Warrick
Guyana’s real estate sector is primed for substantial growth, with investors being urged to capitalize on opportunities across the country.
This was the key message from the inaugural Real Estate Summit held at the Guyana Marriott, which brought together regional industry leaders to discuss the evolving dynamics of the sector.
John Edghill, Senior Director of Investment at GoInvest, emphasized that now is the optimal time to invest in real estate.
He highlighted the government’s significant investments in infrastructure and development, noting that property values are steadily rising.
Edghill encouraged investors to focus not only on well-established areas but also on those still in the early stages of development, as transformation is occurring nationwide.
According to Edghill, both foreign and local investors can benefit from the provisions of the Investment Act, which allows for the purchase and acquisition of land.
However, he cautioned that the government’s urban planning strategy will dictate which lands are reserved for future development before they are made available for investment.
As Guyana continues to experience rapid economic growth, fueled by its expanding oil industry and other sectors, real estate is expected to play a critical role in shaping the country’s future.