Authored by the expert who managed and guided the team behind the Ghana Property Pack
Yes, the analysis of Accra's property market is included in our pack
If you're wondering whether January 2026 is a good time to buy property in Accra, you're asking the right question because timing matters in real estate.
In this article, we break down the current housing prices in Accra, rental yields, market trends, and what the data actually says about buying now versus waiting.
We constantly update this blog post with fresh data so you always have the latest picture of Accra's property market.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Accra.
So, is now a good time?
Rather yes, January 2026 looks like a reasonable time to buy property in Accra, but only if you go in with realistic expectations and a solid strategy.
The strongest signal is that Ghana's macro conditions are improving: inflation has dropped sharply from crisis levels and the Bank of Ghana has started cutting interest rates, which typically supports property values.
Another strong signal is that rental yields in Accra remain attractive in many districts, with gross yields around 8% to 11% in areas like central Accra and East Legon, meaning your property can generate meaningful income while you hold it.
Other supportive signals include steady diaspora demand for prime neighborhoods, ongoing infrastructure projects like the Marine Drive waterfront development, and the fact that quality housing supply still struggles to keep up with household formation in Greater Accra.
The best strategy is to focus on well-documented properties in proven neighborhoods like Airport Residential Area, Cantonments, East Legon, or West Legon, target standard 2 to 4 bedroom formats that are easy to rent and resell, and plan for a long-term hold where rental income does the heavy lifting.
This is not financial or investment advice, we don't know your personal situation, and you should always do your own research before making any property purchase decision.
Is it smart to buy now in Accra, or should I wait as of 2026?
Do real estate prices look too high in Accra as of 2026?
As of early 2026, Accra property prices look high when measured against typical local incomes, but they appear more reasonable when you compare them to the rents those properties can generate.
One clear signal that prices are stretched in some segments is that many luxury listings in Accra sit on the market for months without selling, especially those priced in USD at "peak optimism" levels from a few years ago.
However, in areas like central Accra where houses average around GH₵2.1 million and rents average around GH₵20,000 per month, the gross rental yield of roughly 11% suggests that prices are not wildly disconnected from rental fundamentals, which is a healthier sign than you might expect.
You can also read our latest update regarding the housing prices in Accra.
Does a property price drop look likely in Accra as of 2026?
As of early 2026, the likelihood of a broad property price crash in Accra looks low, though selective price softening in overpriced segments remains plausible.
We estimate the realistic price change range for Accra over the next 12 months to be roughly minus 5% to plus 5% in real (inflation-adjusted) terms, with nominal prices potentially showing plus 5% to plus 15% simply because construction costs and general price levels remain elevated.
The single most important factor that could push prices down in Accra would be a sudden reversal in inflation or a credit crunch, which would squeeze buyer purchasing power and force sellers to cut prices.
Fortunately, this scenario looks unlikely in the coming months because the Bank of Ghana is actively cutting rates and inflation has already fallen significantly from its crisis peak, meaning the macro environment is easing rather than tightening.
Finally, please note that we cover the price trends for next year in our pack about the property market in Accra.
Could property prices jump again in Accra as of 2026?
As of early 2026, there is a medium likelihood of a renewed price surge in Accra, but it would most likely be concentrated in prime neighborhoods rather than across the whole city.
We estimate the realistic upside for well-located Accra properties over the next 12 months to be around 10% to 20% in nominal terms, especially in areas near major infrastructure projects or with strong diaspora demand.
The single biggest demand-side trigger that could drive Accra prices higher is continued rate cuts combined with renewed diaspora investment, since many Ghanaians abroad have been waiting for macro stability before buying property back home.
Please also note that we regularly publish and update real estate price forecasts for Accra here.
Are we in a buyer or a seller market in Accra as of 2026?
As of early 2026, Accra's property market leans mildly toward buyers in most mid-to-upper segments, but prime pockets like Airport Residential Area and Cantonments still favor sellers with quality stock.
While Accra lacks a formal months-of-inventory metric, the practical reality is that many listings sit for 3 to 6 months or longer, which typically gives buyers meaningful room to negotiate, especially on properties with documentation issues or unrealistic pricing.
We estimate that a significant share of listings in Accra eventually see price reductions before selling, particularly in the luxury segment where USD-denominated asking prices were set during more optimistic times, which tells you that seller leverage is weaker than it looks.
We have made this infographic to give you a quick and clear snapshot of the property market in Ghana. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Are homes overpriced, or fairly priced in Accra as of 2026?
Are homes overpriced versus rents or versus incomes in Accra as of 2026?
As of early 2026, Accra homes look overpriced when measured against local incomes, but appear more fairly priced when compared to the rental income they can generate in several districts.
The price-to-rent ratio in Accra varies a lot by neighborhood: central Accra houses show roughly an 8.8x price-to-annual-rent multiple (which is healthy), East Legon sits around 12.8x (richer but still reasonable for prime), while Spintex shows around 17x (which signals possible overpricing versus rent).
The price-to-income multiple in Accra is extremely high for median-income households, which is why most buyers are cash purchasers, diaspora investors, business owners, or multi-earner families rather than typical wage earners relying on mortgages.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Accra.
Are home prices above the long-term average in Accra as of 2026?
As of early 2026, Accra property prices in nominal terms are clearly higher than they were a few years ago, but in real (inflation-adjusted) terms, prices are probably not dramatically above their prior peak because Ghana experienced very high inflation recently.
The past 12 months have seen nominal price increases in Accra, but much of this reflects general price inflation and rising construction costs rather than true real estate appreciation, which means the market can feel expensive even if real values are relatively flat.
When adjusted for inflation, Accra property prices are likely close to or modestly below their real peak from the pre-crisis period, which explains why experienced investors often describe the market as "negotiable" despite high sticker prices.
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What local changes could move prices in Accra as of 2026?
Are big infrastructure projects coming to Accra as of 2026?
As of early 2026, the single biggest infrastructure project with price impact potential in Accra is the Marine Drive waterfront redevelopment, which could meaningfully lift property values in nearby areas like Osu, Labone, and Ridge over time.
The Marine Drive project has received ministerial attention and site visits, but like most large infrastructure in Ghana, the timeline from approval through construction to delivery typically spans several years, so price effects will build gradually rather than overnight.
For the latest updates on the local projects, you can read our property market analysis about Accra here.
Are zoning or building rules changing in Accra as of 2026?
The most important regulatory shift being discussed in Accra is the push toward a unified digital permitting system, which aims to make building permits faster and more predictable across the city.
As of early 2026, the net effect of these permitting reforms on Accra property prices is likely to be gradual: if permits become easier to obtain, new supply can eventually respond, but the lag between reform and homes delivered is typically 12 to 36 months, so near-term price impact is limited.
The areas most affected by permitting changes in Accra tend to be growth corridors on the city's edges, like the Adenta corridor, Oyarifa, and the Pokuase side, where developers have land but often face slow approvals.
Are foreign-buyer or mortgage rules changing in Accra as of 2026?
As of early 2026, foreign-buyer rules in Ghana remain stable, and the bigger shift affecting Accra property prices is the improvement in mortgage affordability as the Bank of Ghana continues cutting policy rates.
There are no major foreign-buyer restrictions like taxes, bans, or quotas currently being discussed for Ghana, so diaspora and international investors can still purchase property relatively freely, which supports demand in prime Accra neighborhoods.
On the mortgage side, the most meaningful change is the directional easing of interest rates, which makes monthly payments less painful for borrowers, though bank mortgage rates in Ghana remain high in practice, so most purchases still happen through cash or alternative financing.
You can also read our latest update about mortgage and interest rates in Ghana.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Ghana versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
Will it be easy to find tenants in Accra as of 2026?
Is the renter pool growing faster than new supply in Accra as of 2026?
As of early 2026, renter demand in Accra appears to be growing faster than quality rental supply in most districts, which is good news for landlords.
The key demand signal is that Greater Accra has lower owner-occupation rates than other regions of Ghana, meaning renting is structurally common, and urban job growth continues to draw people into the city who need somewhere to live.
On the supply side, new rental completions in Accra remain constrained by permitting delays, infrastructure gaps, and financing challenges, which means quality apartments and houses in well-served areas do not flood the market the way they might in cities with faster construction cycles.
Are days-on-market for rentals falling in Accra as of 2026?
As of early 2026, well-priced rentals in Accra's prime areas are leasing faster than before, with typical marketing times of 2 to 8 weeks for clean, well-managed properties, while overpriced or poorly maintained units can sit for 3 to 6 months.
The gap between best areas and weaker areas in Accra is significant: rentals in neighborhoods like Airport Residential Area, Cantonments, Labone, and East Legon lease noticeably faster than comparable units in less-connected or less-serviced districts.
One reason days-on-market falls in Accra's prime areas is the chronic undersupply of quality rental stock with reliable utilities, security, and professional management, which creates competition among tenants for the best units.
Are vacancies dropping in the best areas of Accra as of 2026?
As of early 2026, vacancy rates in Accra's best rental areas like Airport Residential Area, Cantonments, Roman Ridge, Ridge, and Labone appear stable to declining, as demand from embassies, NGOs, and corporate tenants keeps quality units occupied.
Vacancies in these prime Accra areas are generally lower than in the broader market because proximity to Kotoka International Airport, reliable utilities, and professional property management create a "reliability premium" that tenants willingly pay for.
One practical sign that prime areas are tightening is that landlords in places like Cantonments and Airport Residential Area are increasingly able to demand advance rent payments of 12 to 24 months upfront without losing tenants, which would not happen if vacancies were high.
By the way, we've written a blog article detailing what are the current rent levels in Accra.
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Am I buying into a tightening market in Accra as of 2026?
Is for-sale inventory shrinking in Accra as of 2026?
As of early 2026, for-sale inventory in Accra is not broadly shrinking, but what we see is "sticky inventory," meaning there are plenty of listings but fewer truly attractive deals with clean titles, good construction, and realistic pricing.
Accra lacks an official months-of-supply metric, but the practical reality is that many listings remain on the market for extended periods, suggesting supply is not tight overall, even if the best properties in prime locations do sell faster.
Are homes selling faster in Accra as of 2026?
As of early 2026, homes in Accra are selling faster when they are correctly priced and located in prime neighborhoods like Airport Residential Area, Cantonments, or East Legon, but overpriced or poorly documented properties still sit for months.
The year-over-year change in selling speed is likely modestly positive in prime segments because improving financing conditions and returning buyer confidence are drawing more qualified purchasers into the Accra market.
Are new listings slowing down in Accra as of 2026?
As of early 2026, new for-sale listings in Accra do not appear to be materially slowing down, as developers and self-builders continue responding to long-term housing demand.
Accra's listing activity tends to follow structural demand drivers like urbanization, diaspora investment interest, and household formation rather than short-term seasonal swings, which means the flow of new listings remains relatively steady even when economic conditions fluctuate.
Is new construction failing to keep up in Accra as of 2026?
As of early 2026, new construction in Accra is indeed failing to keep up with household demand for quality, well-serviced housing, which is why prices remain firm in areas with good infrastructure.
The trend in building permits and completions in Accra has been constrained for years, with reforms only recently announced to speed up the process, meaning the supply pipeline is unlikely to catch up quickly.
The single biggest bottleneck limiting new construction in Accra is the combination of slow permitting through the Accra Metropolitan Assembly and inadequate infrastructure (roads, water, electricity) in growth areas, which discourages developers from building further out.
We made this infographic to show you how property prices in Ghana compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
Will it be easy to sell later in Accra as of 2026?
Is resale liquidity strong enough in Accra as of 2026?
As of early 2026, resale liquidity in Accra is strong enough for standard, desirable property types in proven neighborhoods, but weak for unusual luxury formats or properties with documentation issues.
For well-priced resale homes in places like East Legon, West Legon, Dzorwulu, or Achimota, typical selling times are manageable, though Accra's market generally moves slower than cities with more developed mortgage markets.
The single property characteristic that most improves resale liquidity in Accra is having impeccable title documentation, because buyers are extremely cautious about land disputes, and a clean title dramatically reduces negotiation friction and speeds up the sale.
Is selling time getting longer in Accra as of 2026?
As of early 2026, selling time in Accra appears stable to slightly shorter for fairly priced homes, as improving macro conditions are gradually widening the buyer pool.
The realistic range for days-on-market in Accra spans from a few weeks for competitively priced homes in hot neighborhoods to 6 months or more for overpriced or problematic listings, with the median somewhere in between depending on segment.
One clear reason selling time can lengthen in Accra is when sellers refuse to adjust their asking prices to reflect current market realities, especially if they set prices during a more optimistic period or in USD terms that no longer make sense.
Is it realistic to exit with profit in Accra as of 2026?
As of early 2026, the likelihood of exiting with profit in Accra is medium to high if you buy wisely and hold for at least 5 to 7 years, but flipping for quick gains is risky given transaction costs and market friction.
We estimate the minimum holding period that typically makes exiting with profit realistic in Accra to be around 5 years, which allows time for rental income to accumulate and for modest capital appreciation to outweigh buying and selling costs.
Round-trip transaction costs in Accra, including stamp duty, legal fees, agent commissions, and other charges, typically run between 8% and 15% of property value, which translates to roughly GH₵160,000 to GH₵320,000 on a GH₵2 million home (about $12,000 to $24,000 USD, or €11,000 to €22,000 EUR at current rates).
The factor that most increases your profit odds in Accra is buying below market value through patient negotiation, especially on stale listings or from motivated sellers, because this gives you a built-in cushion against market fluctuations.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Accra, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it matters | How we used it |
|---|---|---|
| Bank of Ghana | Ghana's central bank and the official source for policy rates. | We used it to understand borrowing conditions heading into 2026. We also used it to judge whether financing pressure is easing or tightening for buyers. |
| Ghana Statistical Service | Ghana's official statistics agency for inflation and household data. | We used it to adjust for inflation when interpreting price changes. We also used productivity data to frame income-based affordability. |
| Ghana Property Centre | A major listing platform with transparent asking-price averages. | We used it as the best near-real-time proxy for prices and rents in Accra. We computed price-to-rent ratios and compared districts using their December 2025 data. |
| Northcourt Real Estate | A recognized West African real estate advisory firm. | We used it for market-structure basics and prime neighborhood identification. We also used it to understand where demand concentrates in Accra. |
| Knight Frank Ghana | A global real estate consultancy with consistent reporting standards. | We used it to check the direction of the prime segment. We also used it to avoid relying only on portal listings. |
| Ghana Investment Promotion Centre | A government agency with sector-level analysis of real estate drivers. | We used it to frame diaspora demand and structural housing gaps. We also used it to explain why price declines tend to be patchy rather than uniform. |
| Ghana 2021 Census | Official census data on housing tenure and household structure. | We used it to understand owner-occupancy versus renter rates in Greater Accra. We also used it to explain why renting is structurally common. |
| Ministry of Tourism, Culture and Creative Arts | The official ministry overseeing the Marine Drive project. | We used it to verify the status of a major regeneration project. We also used it to identify neighborhoods that could see uplift. |
| Accra Metropolitan Assembly | The city authority responsible for building permits. | We used it to understand what constrains new supply in Accra. We also used it to explain permitting friction and delivery timelines. |
| Local Government Service | The official institution announcing permitting reforms in Ghana. | We used it to assess whether supply constraints may ease over time. We also used it to explain the lag between reforms and actual home delivery. |
| Ministry of Finance Ghana | Official budget documentation for infrastructure spending. | We used it to identify road projects affecting commuting belts. We also used it to link infrastructure to price pressure in growth zones. |
| Ghana Railway Development Authority | The statutory authority for rail planning in Ghana. | We used it to identify rail corridors that could reshape commute patterns. We kept rail discussion grounded in official plans. |
| Reuters | A trusted global news agency covering Bank of Ghana decisions. | We used it to confirm the timing and scale of recent rate cuts. We also used it to assess the macro environment heading into 2026. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Ghana. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
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