Century 21 Guyana, an American real estate brand is officially launched and will create hundreds of jobs for Guyanese. Headquartered on Lamaha Street, the real estate office will respond to the growing demand for properties and land in Guyana as the country experiences economic transformation. Chief Executive Officer for Century 21 Guyana Chief Samsair during his opening remarks said this investment is a response to the Government's plea for diaspora investment.
"Our President has made a call to the diaspora, he wants investments back in the country so I answered that call that's why I am here. I’m not only here because of that call what the President made as a businessman, I’m here because of the locals.
According to Chief, this will allow the local real estate industry to improve its capacity as Century 21 Guyana intends to establish 10 to 15 offices across Guyana “anywhere there is land in Guyana there’s need for real estate office, in all the different regions," the CEO stated.
Minister of Housing and Water Collin Croal who was delivering the feature address said the real estate industry has seen an 'explosion' owing to the oil and gas sector as companies seek properties for their operations. According to Mr Croal, this is where real estate and Century 21 plays a major role, "So Century 21 with its own expertise and experience in this very area is very well positioned to deliver beyond not just the satisfactory service to its client but also more importantly to help in the upliftment of this sector."
The Government, he said, will continue to provide an enabling environment for businesses.
"The standards we expect you to set, in terms of the principles that govern the real estate industry even in the absence of draconian regulatory authority, our Government stands ready to help you, our government, we stand ready to help other investors who are willing to take the risks of new ventures." However, the Minister emphasised the point that the real estate agents must conduct themselves in a business friendly manner as it will determine whether they remain in the country as they are 'conduits' to doing business here. The Housing Minister made it clear that the Government will do whatever it takes to protect citizens and warned against taking advantage of their clients.
"We must avoid selling dreams to clients that does not exist,....let me warn this sector, persons who are investing their hard earned money expect to get what they're promised."