All sources have been thoroughly verified for credibility. Furthermore, an industry specialist has reviewed and approved the final article.
Yes, the analysis of Accra's property market is included in our pack
Thinking about buying a 3-bedroom apartment in East Legon? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Cantonments or Airport Residential Area where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Ghana Property Pack.
Will property prices increase in Accra in 2025?
Yes, property prices in Accra are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Accra remains one of the hottest cities in West Africa for both domestic and international investors.
Sure, there are some economic bumps like inflation and rising interest rates, but the main drivers behind Accra’s price growth aren’t going anywhere.
Demand, especially in the prime central areas, still outstrips supply by a mile, making any major price dips a long shot. And let’s not forget—Accra’s status as a cultural, economic, and political hub keeps drawing in buyers from around the world.
Signals pointing to a property price increase in Accra
Here are some factors suggesting prices could increase:
The rapid urbanization and population growth in Accra are expected to continue, leading to increased demand for housing. As more people move to the city, the pressure on the existing housing stock will likely drive prices up.
Government initiatives aimed at improving infrastructure, such as road expansions and public transport enhancements, are expected to make certain areas more accessible and desirable, thereby increasing property values in those regions.
The growing middle class in Ghana is contributing to a higher demand for quality housing, particularly in Accra. As more people seek to upgrade their living conditions, the demand for mid to high-end properties is likely to rise, pushing prices upward.
Foreign investment in Accra’s real estate market is on the rise, with investors attracted by the city’s economic potential and stability. This influx of capital is expected to drive up property prices, especially in prime locations.
The limited availability of land for new developments in central Accra is creating a scarcity of new housing projects. This lack of supply, coupled with steady demand, is likely to result in higher property prices.
Signals pointing to a property price decrease in Accra
Here are some factors suggesting prices could fall:
Economic challenges, such as inflation and currency fluctuations, could impact the purchasing power of potential buyers, leading to a slowdown in demand for properties.
Rising construction costs, driven by increased prices for materials and labor, could lead to higher prices for new developments, potentially pricing out some buyers and reducing overall demand.
Interest rate hikes could make mortgage financing more expensive, discouraging potential buyers from entering the market and potentially leading to a cooling of property prices.
Get fresh and reliable information about the market in Ghana
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
If property prices go up in Accra, how much would they increase by?
If real estate prices in Accra were to rise in 2025, the increase would likely be around 5% to 10% of their 2024 values.
Typically, real estate in emerging markets like Accra appreciates by approximately 5% to 10% annually over the long term. However, fluctuations can occur depending on factors such as location, economic conditions, and property type.
It means that, if you spot a charming 2-bedroom apartment in East Legon for 500,000 GHS today, don't be surprised if it's priced between 525,000 and 550,000 GHS this time next year.
To give you a better understanding, here is a table that shows 7 types of Accra real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 5%, 7%, and 10%.
| Type of Property | Average Price in 2024 (GHS) | Price in 2025 (5% increase) | Price in 2025 (7% increase) | Price in 2025 (10% increase) |
|---|---|---|---|---|
| Apartment (60 sqm / 646 sqft) | GHS 600,000 | GHS 630,000 | GHS 642,000 | GHS 660,000 |
| Modern Apartment (75 sqm / 807 sqft) | GHS 800,000 | GHS 840,000 | GHS 856,000 | GHS 880,000 |
| Luxury Penthouse (100 sqm / 1,076 sqft) | GHS 1,500,000 | GHS 1,575,000 | GHS 1,605,000 | GHS 1,650,000 |
| Studio (30 sqm / 323 sqft) | GHS 300,000 | GHS 315,000 | GHS 321,000 | GHS 330,000 |
| Loft (80 sqm / 861 sqft) | GHS 1,000,000 | GHS 1,050,000 | GHS 1,070,000 | GHS 1,100,000 |
| Townhouse (150 sqm / 1,615 sqft) | GHS 2,000,000 | GHS 2,100,000 | GHS 2,140,000 | GHS 2,200,000 |
| Investment Property (50 sqm / 538 sqft) | GHS 500,000 | GHS 525,000 | GHS 535,000 | GHS 550,000 |
Everything you need to know is included in our Property Pack for Accra
If real estate prices go up in Accra, which areas are likely to see the biggest increases?
Today, people who want to move to Accra desire the vibrant culture and modern amenities, which Osu delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and East Legon has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Accra market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Osu | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Cantonments | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Accra. |
| Labone | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Airport Residential Area | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| East Legon | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Dzorwulu | Medium | Investment in local infrastructure, such as the extension of road networks and renovation of historic areas, is boosting long-term value. |
| Adabraka | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Achimota | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Spintex | Medium-High | Its proximity to central Accra, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Madina | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Tema | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Jamestown | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Accra
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation?
In 2025, Accra real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Accra are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Accra, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Accra's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
Make a profitable investment in Ghana
Better information leads to better decisions. Save time and money. Download our guide.
