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 a foreigner thinking about buying an apartment in Accra, the numbers and rules can feel overwhelming at first.
This guide breaks down real prices, closing costs, and ongoing expenses so you know exactly what to expect in January 2026.
We constantly update this blog post to reflect the latest data and market changes in 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.
Insights
- The median asking price for apartments in Accra reached GH₵1,550,000 (around US$145,000) in late 2025, which means most foreign buyers need at least US$160,000 including closing costs.
- Foreigners cannot own freehold property in Ghana and are limited to 50-year leasehold terms under Article 266 of the Constitution, which makes due diligence on title registration essential.
- New-build apartments in Accra typically cost 15% to 30% more per square meter than resale units, mainly because modern buildings include backup generators, water storage, and managed security.
- Electricity and water tariffs in Accra increased by about 10% and 16% respectively on January 1, 2026, which pushes monthly utility budgets higher than late-2025 estimates.
- Service charges in luxury Accra apartment buildings can reach GH₵6,000 per month (around US$560), covering generator fuel, security, and shared amenities like pools and gyms.
- The price per square meter in prime Accra neighborhoods like Cantonments and Airport Residential can be three times higher than in outer areas like Adenta or parts of Ga West.
- Stamp duty on apartment purchases in Accra is effectively 1% for most transactions because property values exceed the lower statutory bands.
- Many apartment buyers in Accra pay largely in cash because local borrowing rates are high, and banks often require 20% to 40% down payments with strict documentation.
How much do apartments really cost in Accra in 2026?
What's the average and median apartment price in Accra in 2026?
As of January 2026, the median asking price for apartments in Accra is around GH₵1,550,000, which converts to approximately US$145,000 or €141,000 using early 2026 exchange rates.
When you look at price per square meter, typical mid-market apartments in Accra fall between GH₵15,000 and GH₵21,000 per m² (roughly US$1,400 to US$2,000 or €1,360 to €1,940 per m²), which translates to about US$130 to US$185 per square foot.
Most standard apartments in Accra fall within a price range of GH₵850,000 to GH₵2,500,000 (US$80,000 to US$235,000 or €78,000 to €228,000), depending on size, location, and whether the building has amenities like backup power and security.
How much is a studio apartment in Accra in 2026?
As of January 2026, a typical studio apartment in Accra costs between GH₵550,000 and GH₵950,000, which works out to roughly US$50,000 to US$90,000 or €49,000 to €87,000.
Entry-level and mid-range studios in Accra start around GH₵550,000 (US$50,000 or €49,000), while high-end or luxury studios in prime areas like Cantonments or Airport Residential can reach GH₵1,000,000 to GH₵1,400,000 (US$95,000 to US$130,000 or €92,000 to €126,000).
Studios in Accra typically measure between 30 and 45 square meters, though sizes vary depending on the building and whether balcony or common area allocations are included.
How much is a one-bedroom apartment in Accra in 2026?
As of January 2026, a typical one-bedroom apartment in Accra costs between GH₵850,000 and GH₵1,350,000, which is roughly US$80,000 to US$125,000 or €78,000 to €121,000.
Entry-level to mid-range one-bedroom apartments start around GH₵850,000 (US$80,000 or €78,000), while high-end one-bedroom units in top neighborhoods like Cantonments or East Legon can range from GH₵1,400,000 to GH₵2,200,000 (US$130,000 to US$205,000 or €126,000 to €199,000).
One-bedroom apartments in Accra typically measure between 45 and 70 square meters, with layouts varying based on building design and included amenities.
How much is a two-bedroom apartment in Accra in 2026?
As of January 2026, a typical two-bedroom apartment in Accra costs around GH₵1,660,000, which equals approximately US$155,000 or €150,000.
Entry-level to mid-range two-bedroom apartments in Accra fall between GH₵1,600,000 and GH₵1,900,000 (US$150,000 to US$180,000 or €145,000 to €175,000), while prime two-bedroom units in neighborhoods like Cantonments or Airport Residential can reach GH₵2,500,000 to GH₵3,500,000 (US$235,000 to US$330,000 or €228,000 to €320,000).
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Accra.
How much is a three-bedroom apartment in Accra in 2026?
As of January 2026, a typical three-bedroom apartment in Accra costs around GH₵2,500,000, which works out to approximately US$235,000 or €228,000.
Entry-level to mid-range three-bedroom apartments in Accra typically fall between GH₵2,400,000 and GH₵2,900,000 (US$225,000 to US$270,000 or €218,000 to €262,000), while high-end three-bedroom units in top neighborhoods can reach GH₵3,200,000 to GH₵5,000,000 or more (US$300,000 to US$470,000 or €291,000 to €456,000).
Three-bedroom apartments in Accra typically measure between 110 and 160 square meters, with larger family-oriented layouts common in newer developments with full amenities.
What's the price gap between new and resale apartments in Accra in 2026?
As of January 2026, new-build apartments in Accra typically cost 15% to 30% more per square meter than resale apartments in the same area, mainly due to modern amenities and managed services.
New-build apartments in Accra's mid-market areas average around GH₵18,000 to GH₵28,000 per square meter (US$1,700 to US$2,600 or €1,650 to €2,520 per m²), especially when buildings include generators, water storage, lifts, and security.
Resale apartments in Accra typically price at GH₵12,000 to GH₵20,000 per square meter (US$1,100 to US$1,900 or €1,070 to €1,840 per m²), with older buildings lacking backup infrastructure sitting at the lower end.
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Can I afford to buy in Accra in 2026?
What's the typical total budget (all-in) to buy an apartment in Accra in 2026?
As of January 2026, the typical all-in budget to buy a standard two-bedroom apartment in Accra is around GH₵1,730,000 to GH₵1,830,000, which equals approximately US$162,000 to US$171,000 or €157,000 to €166,000.
Beyond the purchase price, the all-in budget in Accra includes stamp duty (around 1%), legal fees, Lands Commission registration fees, title searches, and sometimes due diligence or survey costs, which together add roughly 4% to 10% to your total.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Accra property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Accra.
What down payment is typical to buy in Accra in 2026?
As of January 2026, the typical down payment to buy an apartment in Accra ranges from 20% to 40% of the purchase price, which on a GH₵1,660,000 two-bedroom would be GH₵330,000 to GH₵665,000 (US$31,000 to US$62,000 or €30,000 to €60,000).
Most banks and lenders in Ghana require a minimum down payment of at least 20%, though requirements can be stricter for foreign buyers who may face additional documentation hurdles.
To secure more favorable mortgage terms in Accra, a down payment of 30% to 40% is often recommended, especially given that local lending rates can be quite high, as shown in Bank of Ghana interest rate data.
You can also read our latest update about mortgage and interest rates in Ghana.
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.
Which neighborhoods are cheapest or priciest in Accra in 2026?
How much does the price per m² for apartments vary by neighborhood in Accra in 2026?
As of January 2026, the price per square meter for apartments in Accra ranges from around GH₵10,000 per m² (US$935 or €905) in outer areas to over GH₵40,000 per m² (US$3,740 or €3,620) in prime central neighborhoods.
In the most affordable neighborhoods of Accra, such as parts of Adenta, Ga East, and some Ga West areas, typical prices fall between GH₵10,000 and GH₵18,000 per m² (US$935 to US$1,680 or €905 to €1,630 per m²).
In the most expensive neighborhoods of Accra, such as Cantonments, Airport Residential, and prime parts of East Legon, prices typically range from GH₵25,000 to GH₵40,000 per m² (US$2,340 to US$3,740 or €2,270 to €3,620 per m²).
By the way, we've written a blog article detailing what are the current best areas to invest in property in Accra.
What neighborhoods are best for first-time buyers on a budget in Accra in 2026?
As of January 2026, the top three neighborhoods best suited for first-time buyers on a budget in Accra are Adenta, Teshie or Nungua, and parts of Ga West including the West Hills corridor.
In these budget-friendly Accra neighborhoods, typical apartment prices range from GH₵550,000 to GH₵1,200,000 (US$50,000 to US$110,000 or €49,000 to €107,000), making entry into the market more accessible.
These neighborhoods offer advantages like newer developments (especially in Ga West), established communities with local amenities (Teshie and Nungua), and generally better value per bedroom for owner-occupiers (Adenta).
The main trade-off for buying in these budget-friendly Accra neighborhoods is typically a longer commute to central business areas and, in some cases, less reliable infrastructure or fewer managed buildings with backup power.
Which neighborhoods have the fastest-rising apartment prices in Accra in 2026?
As of January 2026, the top three neighborhoods with the fastest-rising apartment prices in Accra are Cantonments, Airport Residential, and East Legon (including the East Legon Hills fringe).
These fast-appreciating Accra neighborhoods have seen estimated year-over-year price increases of around 10% to 18%, though exact figures vary by specific location and building type.
The main driver behind rapid price growth in these Accra neighborhoods is persistent demand from corporate tenants, expats, and high-net-worth Ghanaians, combined with limited land availability and continuous launches of new managed apartment blocks.
You can also read our latest update about property price forecasts in Accra.
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What extra costs will I pay on top of the apartment price in Accra in 2026?
What are all the buyer closing costs when you buy an apartment in Accra?
For a typical apartment purchase in Accra, total buyer closing costs generally range from GH₵65,000 to GH₵165,000 on a GH₵1,660,000 property (US$6,000 to US$15,400 or €5,800 to €15,000), representing 4% to 10% of the purchase price.
The main categories of closing costs for apartment buyers in Accra include stamp duty, Lands Commission registration fees, legal fees (for searches, title review, and documentation), and due diligence or survey costs.
The largest closing cost expense for buyers in Accra is typically legal fees combined with registration-related charges, which can vary widely depending on how clean the title documentation is and how much work your lawyer needs to do.
Some closing costs in Accra are negotiable or can vary between transactions, particularly legal fees (which depend on the lawyer and complexity) and any buyer-side agency or admin fees (which should be clarified early in the process).
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Accra?
On average, buyers in Accra should budget around 5% to 7% of the purchase price for closing costs on a straightforward apartment transaction, though this can vary based on title complexity.
The realistic low-to-high percentage range for closing costs in Accra is 4% to 10%, with the lower end applying to clean, well-documented properties and the higher end covering situations with title issues, missing consents, or complex registration requirements.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Accra.
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.
What are the ongoing monthly and yearly costs of an apartment in Accra in 2026?
What are typical HOA fees in Accra right now?
In Accra, what other countries call HOA fees are typically called service charges, and for mid-market apartment buildings in early 2026, you can expect to pay around GH₵800 to GH₵2,500 per month (US$75 to US$235 or €73 to €228).
The range of service charges in Accra varies from GH₵800 per month for basic buildings with minimal amenities up to GH₵6,000 or more per month (US$560 or €545) for luxury buildings with 24/7 security, generators, pools, gyms, and full management services.
What utilities should I budget monthly in Accra right now?
For a typical occupied apartment in Accra in early 2026, you should budget around GH₵730 to GH₵2,650 per month for utilities (US$70 to US$250 or €68 to €242), depending on your usage and air conditioning habits.
The realistic range of monthly utility costs in Accra spans from around GH₵500 for a small, efficient apartment to over GH₵3,000 for larger units with heavy air conditioning and backup power usage.
The typical monthly utility budget in Accra covers electricity (GH₵400 to GH₵1,800), water (GH₵80 to GH₵250), and internet (GH₵250 to GH₵600), though exact amounts depend on provider and usage patterns.
Electricity tends to be the most expensive utility for apartment owners in Accra, especially if you run air conditioning frequently or if your building relies on backup generators during power outages.
How much is property tax on apartments in Accra?
For a typical apartment in Accra, annual property tax (called the District Assembly property rate) might range from around GH₵5,000 to GH₵16,000 per year (US$470 to US$1,500 or €455 to €1,455), though actual bills vary significantly based on assessed value.
Property tax in Accra is calculated by the local assembly (AMA for central Accra) based on factors including location, size, building type, quality, and condition, with rates applied to the assessed rateable value of your property.
The realistic range of annual property tax in Accra can span from under GH₵3,000 for modest apartments in outer areas to over GH₵20,000 for high-value units in prime neighborhoods, so you should plan conservatively until you see your actual bill.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Accra.
What's the yearly building maintenance cost in Accra?
For apartment owners in Accra, the typical yearly building maintenance cost ranges from GH₵10,000 to GH₵30,000 (US$935 to US$2,800 or €905 to €2,720) for mid-market buildings, and GH₵30,000 to GH₵75,000 or more (US$2,800 to US$7,000 or €2,720 to €6,800) for prime or luxury buildings.
The realistic range of yearly maintenance costs in Accra depends heavily on building age and type, with older buildings requiring more repairs and newer managed buildings bundling maintenance into higher service charges.
Building maintenance costs in Accra typically include security services, common area cleaning, generator maintenance and fuel, lift servicing, water pump upkeep, pool and gym maintenance (where applicable), and general repairs.
In most managed Accra apartment buildings, building maintenance costs are included within your monthly service charges, so your total yearly cost is essentially your service charge multiplied by twelve, plus any occasional special assessments.
How much does home insurance cost in Accra?
For a typical apartment in Accra, annual home insurance costs range from around GH₵1,000 to GH₵4,000 (US$95 to US$375 or €92 to €365) for contents-only coverage, and GH₵3,000 to GH₵10,000 or more (US$280 to US$935 or €272 to €910) for broader coverage including fixtures.
The realistic range of annual home insurance costs in Accra varies based on what you choose to insure (contents only versus full replacement), the insured value, and any add-ons like theft or flood coverage.
Home insurance is generally optional for apartment owners in Accra, but you should check with your building's management company first, as they may already have a block policy covering the structure, and you would only need to insure your personal contents and any interior improvements.
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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's Authoritative | How We Used It |
|---|---|---|
| Ghana Property Centre (Market Trends) | It's a large, established listing platform with a transparent calculation method for market snapshots. | We used it as our primary source for end-2025 median asking prices in Accra. We treated these medians as the center point and derived price-per-square-meter estimates from typical apartment sizes. |
| Ghana Property Centre (2-Bedroom Report) | It provides a bedroom-specific median price calculated using the same transparent methodology. | We used the December 2025 two-bedroom median as our main "typical buyer" benchmark. We derived implied price-per-square-meter ranges for normal mid-market apartments from this data. |
| Ghana Property Centre (3-Bedroom Report) | It offers a verified median for family-sized apartments using the same calculation method. | We used it to estimate the step-up from 2-bed to 3-bed pricing. We also used it to sanity-check affordability and ongoing cost expectations for larger apartments. |
| Bank of Ghana (Exchange Rate Data) | It's the central bank's official exchange rate dataset. | We used it to anchor a realistic USD to GHS conversion for early 2026. We then converted all apartment and fee estimates into both currencies for foreign buyer reference. |
| Bank of Ghana (Interest Rates Data) | It's the central bank's official time series on lending and money-market rates. | We used it to frame how expensive local borrowing typically is. We then used it to explain why many Accra apartment purchases are cash-heavy or require large down payments. |
| Ghana Statistical Service (CPI/Inflation Dec 2025) | It's Ghana's official statistics agency publishing the country's inflation data. | We used it to set the macroeconomic backdrop with price pressures easing into 2026. We then used that context to explain why housing costs still feel high because inputs and FX matter significantly. |
| Ghana Constitution (1992) - Article 266 | It's the constitutional rule that sets the core legal limit for non-citizen land interests. | We used it to explain what ownership really means for foreigners (leasehold, not freehold). We then translated it into practical due-diligence checks buyers should do before paying. |
| Stamp Duty (Amendment) Act, 2023 | It's the official legal text that sets stamp duty rates on property transfers. | We used it to quantify stamp duty on apartment purchases using the current statutory bands. We then rolled it into the all-in budget so readers don't underbudget closing costs. |
| Ghana Revenue Authority (Property Rate Platform) | It's the tax authority describing the national platform for property rate billing and payment. | We used it to explain how property rates are administered and paid in practice. We then used it to guide what paperwork and bill references buyers should expect after purchase. |
| Accra Metropolitan Assembly (Property Rates FAQ) | It's the city authority explaining how local property rates work in Accra. | We used it to describe what factors affect property valuation and how payment works. We then used it to shape a realistic property tax budget line with appropriate ranges. |
| Lands Commission (Fees and Charges) | It's the official land authority stating it charges regulated fees for land services. | We used it to justify including Lands Commission fees as a real cash cost of buying. We then bundled those costs into the closing cost estimate even when exact line items vary. |
| Lands Commission (Title Registration) | It's the official checklist for what's needed to register interests in land or property. | We used it to list the concrete documents buyers should insist on (stamping, plans, consents). We then used it to explain why proper registration-ready paperwork is essential. |
| ICEG Press Release (PURC Tariff Decision) | It directly cites the regulator's official tariff decision and effective date. | We used it to quantify the electricity and water tariff increases effective January 1, 2026. We then reflected that uplift in the utilities budget range for early 2026. |
| Reuters (Ghana Inflation Update) | It's a global wire that typically quotes official data and named officials. | We used it to corroborate the latest inflation direction heading into January 2026. We then used it to explain why FX and imported inputs still matter for apartment prices. |
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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