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 offers 8-11% rental yields and steady price growth, making it one of Africa's top real estate investment destinations in 2025.
With property prices rising 5-8% annually and strong demand from locals, expatriates, and the diaspora, buying property in Accra can be highly profitable if you choose the right location and avoid common pitfalls.
If you want to go deeper, you can check our pack of documents related to the real estate market in Ghana, based on reliable facts and data, not opinions or rumors.
Buying property in Accra in 2025 offers strong rental yields of 8-11% and consistent price appreciation, but success depends on thorough due diligence and choosing the right neighborhood.
Prime areas like Cantonments and Airport Residential command $250,000-$600,000 for quality properties, while emerging suburbs offer affordable options starting at $70,000.
| Aspect | Details | Key Figures |
|---|---|---|
| Property Types | Apartments, townhouses, villas, land | 1-3 bed units most popular |
| Price Range | $70K (suburbs) to $600K+ (prime) | 5-8% annual growth |
| Rental Yields | Among Africa's highest | 8-11% gross annually |
| Best Areas | Cantonments, Airport Residential, East Legon | $200K-$600K typical |
| Buying Process | Due diligence critical, use professionals | 50-year lease for foreigners |
| Living Costs | $627/month single, $2,265 family | Excludes rent |
| Market Outlook | Continued growth expected | Double-digit growth in prime areas |
What kinds of properties can you buy in Accra and which are most popular?
The Accra residential property market offers diverse options, from modern apartments to traditional family homes.
Apartments dominate the market, with studio, 1, 2, and 3-bedroom units widely available throughout the city. Luxury apartments featuring smart-home technology, swimming pools, gyms, and concierge services are particularly popular in upscale neighborhoods like Cantonments, Airport Residential Area, and East Legon. These tech-enabled properties attract both affluent locals and expatriates seeking modern conveniences.
Townhouses and villas within gated communities represent another significant segment, especially appealing to families who value security and outdoor space. These properties often include gardens, parking spaces, and shared amenities like playgrounds and recreational facilities. Standalone houses remain popular in both established neighborhoods and emerging suburbs.
Affordable housing developments are expanding rapidly on Accra's outskirts, particularly in areas like Adenta, Kasoa, and Tema. These projects target middle-income buyers who are priced out of central locations but still want quality homes. Additionally, land parcels for custom builds remain a common investment, especially in emerging areas where buyers can develop properties to their specifications.
It's something we develop in our Ghana property pack.
Should you rent or buy property in Accra considering current market conditions?
The decision between renting and buying in Accra depends on your financial situation, investment goals, and how long you plan to stay.
Renting offers flexibility and lower upfront costs, with typical monthly rates of $534 for a one-bedroom apartment in the city center and $1,049 for a three-bedroom unit. This option suits short-term residents or those who value mobility, as you avoid maintenance responsibilities and can easily relocate. However, you'll face rising rents without building any equity, and you have limited control over your living space.
Buying property in Accra provides significant advantages for long-term residents and investors. With rental yields averaging 8-11% annually – among the highest in Africa – property ownership offers excellent returns while building equity. You'll also protect yourself from rent increases and have complete control over your property. The main drawbacks include high upfront costs, ongoing maintenance responsibilities, and reduced flexibility to relocate.
For anyone planning to stay in Accra more than three years or seeking investment returns, buying clearly offers better financial benefits. The combination of rising property values and strong rental demand makes ownership particularly attractive in 2025. However, if you're staying short-term or prioritize flexibility over returns, renting remains the practical choice.
How have Accra property prices changed and what's the forecast?
Property prices in Accra have shown consistent growth, with values rising 5-8% in 2024 alone.
Two-bedroom apartments experienced an impressive 8.2% year-on-year increase by late 2024, reflecting strong demand across the residential market. Prime areas like Cantonments, Airport Residential, and East Legon saw even steeper increases, with some properties appreciating beyond the average range. This growth pattern positions Accra as Africa's third-fastest-growing real estate market.
Looking ahead through 2025 and beyond, market indicators suggest continued price appreciation driven by rapid urbanization, limited supply in prime locations, and sustained demand from locals, expatriates, and diaspora investors. Prime neighborhoods could experience double-digit growth rates, particularly for properties with modern amenities and smart-home features.
Affordable housing options are expanding in suburban areas, creating opportunities for budget-conscious buyers while helping to moderate overall market prices. However, central Accra and established neighborhoods will likely maintain their premium pricing due to location advantages and infrastructure quality. The combination of steady economic growth, increasing foreign investment, and Ghana's political stability supports a positive long-term outlook for property values.
What major trends are reshaping Accra's real estate market right now?
Several powerful trends are transforming how people buy, sell, and develop property in Accra.
Rapid urbanization stands as the primary driver, with thousands migrating to Accra annually for economic opportunities. This population influx creates sustained housing demand, particularly in urban and suburban areas with good infrastructure. The city's expansion has pushed development into previously peripheral areas, creating new investment hotspots.
| Market Trend | Impact on Buyers | Investment Implications |
|---|---|---|
| Tech Integration | Smart homes becoming standard | Higher property values, better rentability |
| Sustainability Focus | Energy-efficient features expected | Lower operating costs, premium pricing |
| Diaspora Investment | Remote buying tools available | Increased competition, price pressure |
| Mixed-Use Development | Live-work-play communities | Higher appreciation potential |
| REAC Regulation | Better consumer protection | Reduced fraud risk, transparency |
| Gated Communities | Enhanced security, amenities | Premium yields, stable tenants |
| Affordable Housing | More options in suburbs | Volume investment opportunities |
The Real Estate Agency Council (REAC) now actively regulates agencies and agents, significantly improving market transparency and consumer protection. This regulatory framework helps buyers avoid fraudulent transactions and ensures professional standards across the industry.
What's the exact process to buy property in Accra?
Purchasing property in Accra requires following a structured process with proper documentation at each step.
Begin by researching properties through trusted agencies and online platforms like Meqasa, Prophunt, or Ghana Property Centre. Once you identify a suitable property, conduct thorough due diligence by performing a title search at the Lands Commission. This crucial step verifies ownership, checks for encumbrances, and confirms the property's legal status.
After verification, negotiate terms and draft a purchase agreement with legal assistance. The documentation you'll need includes a Registered Indenture (land sale agreement), Site/Cadastral Plan that's surveyed and approved, Title Certificate from Land Title Registration, and a Lands Commission Search Report. Most land in Ghana operates on a leasehold basis – 99 years for Ghanaians and 50 years for foreigners.
Additional documents include building permits for new constructions, property tax clearance certificates, current utility bills, payment receipts, and EPA permits for large projects. Once all documents are prepared and verified, complete the payment according to agreed terms and register the sale with the Lands Commission. The final step involves receiving your new title certificate, officially transferring ownership to you.
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Where can you find properties and which agencies should you trust?
Finding reliable property listings and trustworthy agencies is crucial for a successful purchase in Accra.
The top real estate websites for property searches include Prophunt, Meqasa.com, Ghana Property Centre, Realtor.com, and Seso.global. These platforms offer comprehensive listings with photos, prices, and detailed property information. They regularly update their databases and provide search filters to help you find properties matching your specific requirements.
For agencies and developers, several established names have built solid reputations in the Accra market. Lusso Homes, Devtraco Limited and Devtraco Plus lead the premium segment, while Earlbeam Realty, Ghana Prime Properties, and Clifton Homes offer diverse portfolio options. Empire Builders, Regimanuel Gray, and Trasacco Estates are also recognized for quality developments and professional service.
The Real Estate Agency Council (REAC) serves as the official regulator, licensing and overseeing all real estate agencies and agents in Ghana. Always verify that any agency or agent you work with holds valid REAC certification. This regulatory body helps protect consumers from fraudulent operators and ensures professional standards across the industry. When selecting an agency, check their REAC registration, ask for references, and review their track record with similar properties in your target area.
What property can you afford with $70K, $150K, or $250K?
Your budget determines not just property type but also location and amenities in Accra's diverse market.
With $70,000, you'll find options primarily in emerging suburbs and outskirt areas. This budget typically secures a studio or one-bedroom apartment in developing neighborhoods, a small house in areas like Adenta, Madina, or Kasoa, or a land parcel for future development. While these areas lack the prestige of central locations, they offer genuine value and growth potential as infrastructure improves.
A $150,000 budget opens doors to mid-tier city locations and better suburban options. You can acquire a comfortable 2-3 bedroom apartment or townhouse in respectable areas like Dzorwulu, North Kaneshie, or Oyarifa. Some modest homes in East Legon Hills also fall within this range. Properties at this price point typically include modern finishes, secure compounds, and proximity to schools and shopping centers.
At $250,000, you enter Accra's premium property segment. This budget secures modern 2-3 bedroom apartments or townhouses in prime locations like Cantonments, Airport Residential Area, or East Legon. You might also afford a larger house in an upscale gated community with amenities like swimming pools, gyms, and 24/7 security. Properties in this range feature high-end finishes, smart home technology, and excellent investment potential.
What costly mistakes should you avoid when buying in Accra?
Many buyers lose money or face legal troubles by making preventable errors during the purchase process.
The most critical mistake is skipping due diligence on property titles and ownership. Always conduct a comprehensive land search at the Lands Commission to verify the seller's ownership rights and check for any disputes, liens, or encumbrances. Failing to verify documentation has led countless buyers into costly legal battles or complete loss of their investments.
- Ignoring proper documentation – ensure you obtain and register all required legal documents including indentures, title certificates, and building permits
- Not physically inspecting the property – always visit and thoroughly examine the property for structural issues, location disadvantages, or hidden problems
- Rushing the purchase process – take time to research and compare options rather than succumbing to pressure tactics or fear of missing out
- Underestimating total costs – factor in taxes, legal fees, registration costs, and ongoing maintenance expenses beyond the purchase price
- Avoiding professional help – always engage qualified real estate lawyers, licensed surveyors, and REAC-registered agents
Protect yourself by working exclusively with professionals, conducting thorough searches, inspecting properties personally, and never transferring money without proper documentation and legal oversight.
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's the monthly cost of living and how does it compare to rental income?
Understanding living costs versus potential rental income helps determine if property investment makes financial sense.
A single person in Accra spends approximately $627 monthly on basic expenses excluding rent, while a family of four needs about $2,265. These figures cover food, transportation, utilities, and everyday necessities. When you add housing costs, a one-bedroom apartment in the city center adds $534 monthly, while a three-bedroom unit costs around $1,049 in rent.
The average local net salary stands at just $161 monthly, though expatriates and foreign professionals typically earn significantly more. This wage disparity creates a two-tier rental market, with premium properties targeting higher-income residents and basic units serving the local population.
Rental income potential varies dramatically by location and property type. Well-positioned apartments in prime areas generate $1,000-$3,000 monthly depending on size and amenities. With annual rental yields averaging 8-11%, Accra offers some of Africa's best returns. Short-term rentals through platforms like Airbnb can yield even higher returns in tourist-friendly districts, though they require more active management and face regulatory considerations.
Which Accra neighborhoods offer the best value for different goals?
Choosing the right neighborhood determines your property's appreciation potential, rental yields, and lifestyle quality.
Cantonments stands as Accra's diplomatic quarter, offering unmatched security, luxury amenities, and premium returns. Properties here range from $200,000-$400,000 for apartments, attracting diplomats, executives, and high-net-worth individuals. The area guarantees stable rental income and strong appreciation due to limited supply and consistent demand.
| Neighborhood | Character | Price Range | Best For |
|---|---|---|---|
| Airport Residential | Business hub, modern | $250,000-$400,000+ | Corporate rentals, luxury living |
| East Legon | Upscale, vibrant | $200,000-$600,000 | Families, entertainment access |
| Dzorwulu/Ridge | Central, established | $150,000-$350,000 | Mid-range investment, convenience |
| Tema/Spintex | Emerging, growing | $70,000-$200,000 | Affordable entry, future growth |
| Madina/Adenta | Family-friendly suburbs | $70,000-$150,000 | First-time buyers, families |
For lifestyle seekers, East Legon offers vibrant dining, shopping, and entertainment options alongside excellent schools. Investment-focused buyers should consider Airport Residential for corporate tenant demand or emerging areas like Tema and Spintex for capital appreciation. Budget-conscious families find value in Madina and Adenta, where affordable prices meet improving infrastructure.
What's daily life really like for expats living in Accra?
Living in Accra as an expatriate offers a unique blend of modern amenities and African culture.
The positive aspects include a vibrant social scene with diverse international restaurants, active expat communities, and regular cultural events. English is widely spoken, eliminating language barriers for most expatriates. The warm tropical climate appeals to those from colder regions, while coastal areas provide beach access and water activities. International schools like Lincoln Community School and Galaxy International School offer quality education, and private healthcare facilities meet international standards.
However, challenges exist that expats should prepare for. Traffic congestion, particularly during rush hours, can make commuting frustrating and time-consuming. Imported goods and international school fees are expensive, significantly increasing living costs. Infrastructure issues like occasional power outages and water supply interruptions require patience and backup systems. Bureaucratic processes for permits, licenses, and utilities can be slow and complex.
Most expatriates gravitate toward neighborhoods like Cantonments, Airport Residential Area, and East Legon, where infrastructure is reliable, security is strong, and amenities cater to international lifestyles. These areas offer gated compounds, backup generators, water storage systems, and proximity to international schools and healthcare facilities.
It's something we develop in our Ghana property pack.
How much can you earn from rentals and what are the rules?
Accra's rental market offers exceptional returns, but understanding regulations and tax obligations is essential.
Long-term residential rentals generate gross yields of 8-11% annually in prime areas, significantly outperforming many global markets. Strong demand comes from expatriates, returning diaspora, young professionals, and families seeking quality housing. A well-located two-bedroom apartment can earn $1,000-$2,000 monthly, while luxury three-bedroom units in premium areas command $2,500-$3,500.
Short-term rentals through platforms like Airbnb offer higher nightly rates, particularly in central areas and near business districts. However, they require more active management, furnished properties, and regular maintenance. Some residential areas and gated communities restrict short-term rentals, so verify regulations before investing.
All rental income in Ghana is subject to taxation, with rates varying based on income levels and property type. Consult a local tax advisor to ensure compliance and optimize your tax position. Foreign property owners can legally earn rental income, but must register with tax authorities and file returns annually. Ghana allows foreigners to purchase property on leasehold terms up to 50 years, providing ample time for investment returns. Ensure all property documentation is properly registered and taxes are current to avoid legal complications.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
As we reach mid-2025, Accra's property market presents compelling opportunities for both investors and residents seeking long-term value.
The combination of 8-11% rental yields, steady price appreciation, and improving regulatory framework makes property investment in Accra particularly attractive compared to other African markets. Success requires thorough due diligence, professional guidance, and choosing the right neighborhood for your goals.
Sources
- TheAfricanVestor - Accra Price Forecasts
- MyJoyOnline - Accra's Luxury Apartment Market Trends
- Devtraco Plus - Real Estate Projects
- Landmark Homes - Emerging Neighbourhoods in Accra
- Vaal Real Estate - Ghana Property Market Analysis
- Real Estate Agency Council Ghana
- Numbeo - Cost of Living in Accra
- Prophunt - Rental Property Investment Guide
- Meqasa - Ghana Property Portal
- Ghana Property Centre