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
Accra's property market enters 2026 with renewed momentum as Ghana's inflation drops to historic lows and the cedi stabilizes around 10.5 per dollar.
Whether you are eyeing a family home in East Legon or a rental apartment in Spintex, understanding current prices and where they are headed can help you make a smarter decision.
This article breaks down what is happening right now with housing prices in Accra, what to expect over the coming months and years, and which neighborhoods are worth watching.
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
- Accra property prices rose about 8% in USD terms over the past year, but the real story is the 12% jump in cedi terms, which matters if you are a local buyer financing in Ghana cedis.
- The average house in Accra costs around 2 million cedis (roughly $190,000), while apartments average 1.55 million cedis ($145,000), but prime areas like Cantonments can easily double these figures.
- Growth corridors like Oyarifa, Adenta, and Spintex are appreciating faster in percentage terms than traditional prime zones because buyers are seeking more space for their money.
- With Ghana's policy rate cut to 18% and inflation now at 5.4%, borrowing is still expensive, so cash buyers and diaspora investors continue to dominate the Accra market.
- Townhouses and gated community homes in Accra are outperforming other property types because buyers prioritize security, backup power, and managed compounds.
- The Tema Motorway interchange upgrade is already lifting property values along the Accra to Tema corridor, a pattern we expect to continue over the next five years.
- Prime neighborhoods like Cantonments and Airport Residential Area often feel overpriced relative to what you get, especially when competing supply increases negotiation room.
- Over the next decade, Accra property could double in cedi terms, but USD gains depend heavily on whether Ghana maintains the currency stability achieved in 2025.
What are the current property price trends in Accra as of 2026?
What is the average house price in Accra as of 2026?
As of early 2026, the average house price in Accra sits at approximately 2 million Ghana cedis, which translates to around $190,000 or about 183,000 euros at current exchange rates.
When it comes to price per square meter, Accra properties typically range from $1,000 to $1,600 per sqm, with houses averaging around $1,050 per sqm and apartments closer to $1,450 per sqm because they tend to be in more central locations with higher land values.
If you are looking at what 80% of buyers actually pay in Accra, the realistic range for houses runs from about 800,000 cedis to 4.5 million cedis ($75,000 to $425,000), while apartments fall between 600,000 cedis and 3.2 million cedis ($55,000 to $300,000), with prime locations like East Legon and Cantonments pushing well above these figures.
How much have property prices increased in Accra over the past 12 months?
Property prices in Accra have risen by approximately 8% in USD terms and around 12% in cedi terms over the past 12 months, which reflects both genuine appreciation and currency dynamics that matter depending on how you plan to finance your purchase.
Across different property types, the increases have varied, with townhouses and gated community homes seeing gains of 10% to 14%, well finished apartments in near prime areas rising 8% to 11%, and large standalone villas in traditional prime zones experiencing more modest growth of 4% to 7% due to increased supply and negotiation.
The single biggest factor driving this price movement has been Ghana's dramatic economic stabilization, with inflation falling from over 23% in early 2025 to just 5.4% by December 2025, which restored buyer confidence and brought diaspora investors back into the market.
Which neighborhoods have the fastest rising property prices in Accra as of 2026?
As of early 2026, the top three neighborhoods with the fastest rising property prices in Accra are Oyarifa in the northeast expansion zone, the Spintex corridor along the main commercial strip, and East Legon Hills which offers newer developments at more accessible price points than traditional East Legon.
These neighborhoods are experiencing annual price growth of approximately 12% to 15% in Oyarifa, 10% to 13% in Spintex, and 11% to 14% in East Legon Hills, significantly outpacing the citywide average.
The main demand driver behind these price jumps is improved accessibility and the simple math that buyers can get significantly more space for their money compared to traditional prime areas, especially as infrastructure projects like the Tema Motorway interchange reduce commute times.
By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Accra.
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.
Which property types are increasing faster in value in Accra as of 2026?
As of early 2026, townhouses and gated community homes lead the appreciation ranking in Accra, followed by well finished 2 to 3 bedroom apartments in near prime locations, then family houses in growth corridors, with large standalone villas in prime areas showing the slowest growth.
The top performing property type, townhouses in secure compounds, is appreciating at roughly 11% to 14% annually in Accra, outpacing the overall market average by several percentage points.
The main reason townhouses are outperforming is that Accra buyers place enormous value on reliability, meaning backup power, borehole water, 24 hour security, and managed maintenance, and townhouse compounds deliver all of these at a more accessible price point than large villas.
Finally, if you're interested in a specific property type, you will find our latest analyses here:
- How much should you pay for a house in Accra?
- How much should you pay for an apartment in Accra?
- How much should you pay for lands in Accra?
What is driving property prices up or down in Accra as of 2026?
As of early 2026, the top three factors driving Accra property prices are Ghana's dramatic macroeconomic stabilization with inflation now at historic lows, persistently high construction costs that keep new build prices firm, and continued urbanization that adds roughly 3% more city dwellers each year.
The single strongest upward pressure on Accra property prices right now is the restoration of buyer confidence following Ghana's successful disinflation from 54% in late 2022 to just 5.4% by December 2025, which has brought both local and diaspora buyers back into the market.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Accra here.
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What is the property price forecast for Accra in 2026?
How much are property prices expected to increase in Accra in 2026?
As of early 2026, we expect Accra property prices to rise by approximately 7% in USD terms and 10% to 14% in cedi terms over the full calendar year, reflecting continued economic stabilization and returning buyer demand.
Analyst forecasts range from a conservative 5% to an optimistic 12% for USD denominated growth in Accra, with the spread largely depending on assumptions about cedi stability and whether the Bank of Ghana continues its rate cutting cycle.
The main assumption underlying most price increase forecasts is that Ghana maintains its current fiscal discipline and keeps inflation within the central bank's target band of 6% to 10%, which would preserve the buyer confidence that returned in late 2025.
We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Accra.
Which neighborhoods will see the highest price growth in Accra in 2026?
As of early 2026, the neighborhoods expected to see the highest price growth in Accra are Oyarifa and the Adenta corridor in the northeast, East Legon Hills, the Spintex to Sakumono stretch, and selected pockets along the Tema fringe benefiting from motorway improvements.
These top neighborhoods are projected to see price growth of 10% to 15% in 2026, roughly double the expected growth rate for established prime areas like Cantonments or Airport Residential.
The primary catalyst is simple: these areas offer significantly more space per cedi or dollar spent, and ongoing infrastructure improvements are shrinking effective commute times, making them viable alternatives for families who previously would only consider prime central locations.
One emerging neighborhood that could surprise with higher than expected growth is Ashaley Botwe, which sits between established East Legon and the newer growth zones, offering a sweet spot of accessibility and value that is attracting both first time buyers and investors.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Accra.
What property types will appreciate the most in Accra in 2026?
As of early 2026, townhouses in gated communities are expected to appreciate the most in Accra, followed closely by 2 to 3 bedroom apartments in near prime locations with reliable utilities.
The projected appreciation for top performing townhouses in Accra is 11% to 14% for 2026, supported by strong demand from both owner occupiers and rental investors seeking manageable, secure properties.
The main demand trend driving townhouse appreciation is that Accra buyers increasingly prioritize turnkey reliability over raw size, meaning they want backup generators, borehole water, compound security, and professional management rather than large plots they have to develop and maintain themselves.
The property type expected to underperform in 2026 is large standalone villas in prime areas like Cantonments and Ridge, where increased supply of new developments is giving buyers more negotiating power and slowing price growth to just 4% to 6%.
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.
How will interest rates affect property prices in Accra in 2026?
As of early 2026, the Bank of Ghana's policy rate stands at 18% following 1,000 basis points of cuts in 2025, which supports gradual improvement in buyer sentiment even though retail mortgage rates remain high by global standards.
The current benchmark rate of 18% means commercial mortgage rates in Ghana still hover around 25% to 30%, and most analysts expect the central bank to continue modest cuts through 2026 as long as inflation stays within its target band.
A 1% change in interest rates typically has a muted direct effect on Accra property prices because most transactions are cash based, but rate cuts matter indirectly by signaling economic stability and encouraging diaspora buyers to move funds into Ghana rather than keeping them abroad.
You can also read our latest update about mortgage and interest rates in Ghana.
What are the biggest risks for property prices in Accra in 2026?
As of early 2026, the three biggest risks for Accra property prices are a potential reversal in cedi stability that would hurt affordability for USD linked properties, persistently high retail lending rates even if policy rates fall, and oversupply in certain prime apartment segments that could trigger price corrections.
The single risk with the highest probability of materializing is the persistence of elevated retail lending rates, because even with the policy rate at 18%, banks remain cautious about mortgage lending, which keeps the buyer pool limited to cash purchasers and constrains price growth.
We actually cover all these risks and their likelihoods in our pack about the real estate market in Accra.
Is it a good time to buy a rental property in Accra in 2026?
As of early 2026, it is a reasonably good time to buy a rental property in Accra if you target the right product in the right location, particularly 2 bedroom apartments near expat hubs or townhouses in secure compounds close to international schools.
The strongest argument for buying now is that Ghana's macroeconomic stabilization has restored confidence without yet fully repricing assets, meaning you can still find properties at valuations that reflect crisis era discounts while benefiting from improving fundamentals.
The strongest argument for waiting is that prime apartment supply is increasing and landlords are already offering more flexible terms, so patient buyers may find better deals later in 2026 as competition among sellers intensifies in certain segments.
If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Accra.
You'll also find a dedicated document about this specific question in our pack about real estate in Accra.
Buying real estate in Accra can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Where will property prices be in 5 years in Accra?
What is the 5-year property price forecast for Accra as of 2026?
As of early 2026, we expect Accra property prices to grow by 45% to 70% in cedi terms and 25% to 45% in USD terms over the next five years, assuming Ghana maintains reasonable macroeconomic stability.
The range of 5 year forecasts spans from a conservative scenario of 25% cumulative USD growth if the cedi faces renewed pressure, to an optimistic scenario of 50% or more if Ghana sustains its current stability and attracts increased foreign investment.
This translates to an average annual appreciation rate of roughly 7% to 11% in cedis and 4% to 8% in dollars for Accra residential property over the 2026 to 2031 period.
The key assumption most forecasters rely on is that Ghana continues the fiscal discipline and monetary prudence demonstrated in 2025, because any return to high inflation or currency volatility would significantly erode USD denominated returns.
Which areas in Accra will have the best price growth over the next 5 years?
The top three areas in Accra expected to have the best price growth over the next five years are the Adenta to Oyarifa corridor in the northeast, the Spintex to Sakumono stretch along the eastern coast, and East Legon Hills which bridges established wealth and newer development.
These areas are projected to see cumulative 5 year price growth of 60% to 90% in cedi terms, significantly outpacing the citywide average and nearly doubling what traditional prime areas will likely deliver.
This differs from our shorter term forecast mainly in magnitude rather than direction, because the same growth corridor logic applies, but over five years infrastructure completion and population growth compound to produce larger gaps between emerging and established areas.
The currently undervalued area with the best potential for outperformance over five years is the Tema fringe, particularly neighborhoods benefiting from the completed Tema Motorway interchange and the port expansion, where prices remain 40% to 50% below comparable Accra locations.
What property type will give the best return in Accra over 5 years as of 2026?
As of early 2026, well managed 2 to 3 bedroom apartments in near prime locations are expected to give the best total return over five years in Accra, combining solid appreciation with strong rental yields.
The projected 5 year total return for this property type is approximately 70% to 100% in cedi terms when you combine price appreciation of 50% to 70% with cumulative rental income equivalent to 40% to 50% of the purchase price at current yields of 8% to 10% annually.
The main structural trend favoring apartments is Accra's continued densification and the growing preference among young professionals and expatriates for turnkey living with amenities rather than standalone houses requiring significant management.
For investors seeking the best balance of return and lower risk over five years, townhouses in established gated communities offer slightly lower total returns than prime apartments but with more stable valuations and lower vacancy risk due to their appeal to families on longer term leases.
How will new infrastructure projects affect property prices in Accra over 5 years?
The top three infrastructure projects expected to impact Accra property prices over the next five years are the Tema Motorway interchange improvements which are already complete, the ongoing Accra to Kumasi highway expansion, and various urban road upgrades under the Greater Accra Resilient and Integrated Development project.
Properties near completed infrastructure projects in Accra typically command a 15% to 25% premium over comparable properties in areas without improved access, with the effect building gradually over 2 to 3 years as commuters discover the time savings.
The specific neighborhoods that will benefit most from these infrastructure developments include Sakumono and Tema Community areas along the eastern corridor, Oyarifa and Peduase along the northeast expansion route, and pockets of Kasoa that gain from improved connections to central Accra.
How will population growth and other factors impact property values in Accra in 5 years?
Ghana's urban population is growing at approximately 3% annually, and over the next five years this will add roughly 800,000 new urban residents, with Greater Accra absorbing the largest share and creating sustained upward pressure on housing demand.
The demographic shift with the strongest influence on Accra property demand is the expansion of the middle class, particularly young professionals aged 25 to 40 who are forming new households and seeking quality housing with modern amenities near employment centers.
Migration patterns, both domestic movement from other regions to Accra and international diaspora investment, are expected to continue favoring the capital, with domestic migration driven by job opportunities and diaspora buyers attracted by improved economic stability and the ability to earn rental income in a dollarized segment of the market.
The property types and areas that will benefit most from these demographic trends are 2 to 3 bedroom apartments and townhouses in the growth corridors of Spintex, East Legon Hills, and the Adenta area, which offer the combination of affordability and accessibility that growing middle class households need.
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.
What is the 10 year property price outlook in Accra?
What is the 10-year property price prediction for Accra as of 2026?
As of early 2026, we expect Accra property prices to grow by 100% to 200% in cedi terms and 50% to 100% in USD terms over the next decade, which would roughly double values in dollar terms under favorable conditions.
The range of 10 year forecasts spans from a conservative scenario of 50% cumulative USD growth if Ghana experiences currency volatility, to an optimistic scenario of 120% or more if the country maintains stability and attracts significant foreign investment into real estate.
This translates to an average annual appreciation rate of roughly 7% to 11% in cedis and 4% to 7% in dollars for Accra residential property over the 2026 to 2036 period.
The biggest uncertainty factor in making 10 year predictions for Accra is Ghana's ability to sustain fiscal and monetary discipline through multiple political cycles, because any return to high inflation or currency depreciation would dramatically reduce returns for investors measuring in USD.
What long-term economic factors will shape property prices in Accra?
The top three long term economic factors that will shape Accra property prices over the next decade are sustained urbanization driven by job concentration in Greater Accra, the evolution of Ghana's credit markets which will determine whether mortgage financing becomes accessible, and currency stability which affects how diaspora and international investors value Ghanaian assets.
The single long term factor with the most positive impact potential is urbanization, because Ghana's urban population share is projected to grow from 59% today to over 65% by 2035, and Accra will capture the largest portion of this growth, creating structural demand that supports prices regardless of economic cycles.
The single long term factor posing the greatest structural risk is the persistently high cost of capital, because if mortgage rates remain above 25% for another decade, Accra's market will stay dependent on cash buyers, limiting price appreciation to what that narrower buyer pool can support.
You'll also find a much more detailed analysis in our pack about real estate in Accra.
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 |
|---|---|---|
| Bank of Ghana Daily FX Rates | Official central bank reference rate for currency conversion. | We used it to convert cedi prices to USD. We also used it to explain why prices can look different depending on your currency. |
| Bank of Ghana MPC Press Release | Official policy decision with economic rationale from the central bank. | We used it to anchor the interest rate backdrop for 2026. We also used it to support our logic about easing rates improving demand. |
| Ghana Statistical Service | Official national statistics agency for inflation and economic data. | We used it for the latest inflation figures. We also used it to assess whether property is rising in real terms after inflation. |
| Ghana Property Centre Houses | Transparent methodology with median prices across Accra districts. | We used it as our primary benchmark for house asking prices. We treated it as asking price evidence and applied conservative discounts. |
| Ghana Property Centre Apartments | Same transparent methodology with consistent data across neighborhoods. | We used it to split the market between apartments and houses. We also used it to estimate price per square meter. |
| Knight Frank Ghana Research | Global real estate consultancy with established research standards. | We used it to validate on the ground market dynamics. We used it as qualitative triangulation rather than our main numeric source. |
| Reuters Ghana Coverage | Top tier wire service that cites decision makers directly. | We used it to cross check policy rate decisions and disinflation timeline. We also used it to validate our macro stabilization narrative. |
| World Bank Urban Growth Data | Standardized international development indicator series. | We used it to support the urbanization to housing demand thesis. We used it as a long run demand driver in our forecasts. |
| UN World Urbanization Prospects | UN flagship dataset for global urbanization trends. | We used it to frame Accra's growth in international context. We used it to ground our long term forecasts in demography. |
| JICA Tema Motorway Project | Official update from major bilateral development agency. | We used it to explain how infrastructure lifts values in growth corridors. We used it as concrete evidence for our 5 year area picks. |
| Ghana Ministry of Finance Budget | Official government budget showing policy priorities. | We used it to confirm housing remains a public priority. We used it as context for infrastructure and regulatory expectations. |
| Bank of Ghana Interest Rates Hub | Official central bank time series for lending rates. | We used it to explain why borrowing remains expensive. We used it to explain affordability constraints and the dominance of cash buyers. |
| Ghana Property Finder | Local market intelligence with detailed pricing by neighborhood. | We used it to validate rental yields and segment pricing. We cross referenced it with other sources for consistency. |
| Trading Economics Ghana Inflation | Aggregates official data with historical time series. | We used it to track the inflation trend over 2025. We used it to contextualize the dramatic disinflation story. |
| Trading Economics Ghana Interest Rate | Aggregates central bank decisions with clear timeline. | We used it to track the cumulative rate cuts in 2025. We used it to project where rates might go in 2026. |
| Fitch Solutions Ghana | Major credit rating agency with macro research coverage. | We used it for GDP growth and inflation forecasts. We used it to stress test our property price scenarios. |
| Bloomberg Ghana Coverage | Leading financial news service with direct market access. | We used it to confirm recent inflation readings. We used it to gauge market expectations for further rate cuts. |
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If you want to go deeper, you can read the following: