Get all the data you need about the real estate market in Accra
SUMMARY
We analyzed residential property rental yields in Accra as of 2026 for residential property buyers, using the Accra raw dataset provided and turning it into a practical buyer guide for foreign individual investors.
This article compares current estimated purchase prices, average monthly rents, gross rental yields, and net rental yields across the Accra neighborhoods and property sizes covered in the dataset.
We update this work regularly, so the numbers should be read as a May 2026 snapshot of the Accra residential property rental yield market rather than a permanent forecast.
The clearest finding is that the strongest net yields are usually not in the most prestigious embassy and airport districts. The better income signals are mostly in Osu, East Legon, Tse Addo, Tema, Spintex, and North Legon.
Spintex 3-bedroom properties show the highest net rental yield in the table at about 5.2%, with an estimated gross yield of 8.0%. That is attractive, but it also carries a higher maintenance burden because larger houses and townhouses can require more repairs, security, water storage, generator support, and compound upkeep.
Tse Addo 2-bedroom properties, Tema 2-bedroom properties, Osu 2-bedroom properties, and East Legon 2-bedroom properties also stand out. Their estimated net yields range from about 4.3% to 4.7%, which is strong for areas with real tenant demand.
Cantonments and Airport Residential Area are still high-quality places to own property, but they are weaker for pure income yield. Cantonments 3-bedroom properties show only about 2.1% net yield, while Airport Residential 3-bedroom properties show about 2.2% net yield.
The 2-bedroom format is the most balanced beginner-investor category in Accra. It usually gives broader tenant depth than a 1-bedroom unit and lower maintenance risk than a larger house or townhouse.
For a foreign buyer, the key Accra lesson is to compare net yield, not only gross yield. Service charges, vacancy, management, repairs, estate fees, security, utilities, and title or leasehold diligence can turn a good-looking rent number into an ordinary investment result.
The practical takeaway is simple: East Legon, Osu, Tse Addo, Spintex, North Legon, and Tema offer the best income logic in different ways, while Cantonments, Airport Residential, and parts of Labone are stronger for lifestyle, prestige, and capital preservation than for maximum rental income.
Get fresh and reliable information about the market in Accra
Don't base significant investment decisions on outdated data. Get updated and accurate information.
Residential property rental yields in Accra in 2026
This table compares residential property rental yields in Accra by neighborhood and bedroom count.
For each neighborhood, the table shows the estimated average purchase price, estimated average monthly rent, gross rental yield, and net rental yield for 1-bedroom, 2-bedroom, and 3-bedroom properties.
Finally, please note you'll find much more detailed data in our real estate pack about Accra.
| Neighborhood | 1-bedroom property average purchase price | 1-bedroom property average monthly rent | 1-bedroom property gross rental yield | 1-bedroom property net rental yield | 2-bedroom property average purchase price | 2-bedroom property average monthly rent | 2-bedroom property gross rental yield | 2-bedroom property net rental yield | 3-bedroom property average purchase price | 3-bedroom property average monthly rent | 3-bedroom property gross rental yield | 3-bedroom property net rental yield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Abelemkpe | GH₵1,000,000 | GH₵3,000 | 3.6% | 2.5% | GH₵1,350,000 | GH₵5,000 | 4.4% | 3.0% | GH₵2,400,000 | GH₵8,000 | 4.0% | 2.6% |
| Achimota | GH₵650,000 | GH₵1,800 | 3.3% | 2.4% | GH₵900,000 | GH₵3,500 | 4.7% | 3.3% | GH₵1,350,000 | GH₵4,500 | 4.0% | 2.7% |
| Adenta | GH₵450,000 | GH₵1,800 | 4.8% | 3.5% | GH₵650,000 | GH₵3,000 | 5.5% | 3.8% | GH₵1,000,000 | GH₵4,000 | 4.8% | 3.1% |
| Airport Residential Area | GH₵1,300,000 | GH₵6,500 | 6.0% | 3.7% | GH₵2,500,000 | GH₵10,000 | 4.8% | 2.9% | GH₵4,200,000 | GH₵13,000 | 3.7% | 2.2% |
| Cantonments | GH₵2,080,000 | GH₵8,000 | 4.6% | 2.8% | GH₵3,100,000 | GH₵12,000 | 4.6% | 2.7% | GH₵5,000,000 | GH₵16,000 | 3.8% | 2.1% |
| Dansoman | GH₵500,000 | GH₵1,500 | 3.6% | 2.7% | GH₵700,000 | GH₵3,000 | 5.1% | 3.7% | GH₵1,100,000 | GH₵4,500 | 4.9% | 3.3% |
| Dzorwulu | GH₵850,000 | GH₵4,000 | 5.6% | 3.8% | GH₵1,350,000 | GH₵4,500 | 4.0% | 2.7% | GH₵2,300,000 | GH₵7,500 | 3.9% | 2.5% |
| East Legon | GH₵1,750,000 | GH₵5,500 | 3.8% | 2.5% | GH₵1,800,000 | GH₵10,000 | 6.7% | 4.3% | GH₵2,700,000 | GH₵10,000 | 4.4% | 2.8% |
| Labone | GH₵1,400,000 | GH₵6,000 | 5.1% | 3.2% | GH₵2,300,000 | GH₵9,500 | 5.0% | 3.0% | GH₵3,800,000 | GH₵14,000 | 4.4% | 2.6% |
| North Legon | GH₵600,000 | GH₵2,500 | 5.0% | 3.6% | GH₵850,000 | GH₵4,000 | 5.6% | 4.0% | GH₵1,400,000 | GH₵8,000 | 6.9% | 4.5% |
| Osu | GH₵950,000 | GH₵4,500 | 5.7% | 3.6% | GH₵1,400,000 | GH₵8,000 | 6.9% | 4.3% | GH₵2,400,000 | GH₵11,000 | 5.5% | 3.3% |
| Spintex | GH₵500,000 | GH₵2,000 | 4.8% | 3.5% | GH₵750,000 | GH₵3,500 | 5.6% | 3.9% | GH₵1,200,000 | GH₵8,000 | 8.0% | 5.2% |
| Tema | GH₵400,000 | GH₵1,800 | 5.4% | 3.9% | GH₵550,000 | GH₵3,000 | 6.5% | 4.6% | GH₵900,000 | GH₵4,500 | 6.0% | 4.0% |
| Tse Addo | GH₵700,000 | GH₵3,500 | 6.0% | 4.0% | GH₵1,150,000 | GH₵7,000 | 7.3% | 4.7% | GH₵1,800,000 | GH₵6,000 | 4.0% | 2.5% |
Make a profitable investment in Accra
Better information leads to better decisions. Save time and money. Download our data.
Which neighborhoods offer the best net yield among areas people actually want to live in Accra?
The best net-yield neighborhoods among areas people actually want to live in Accra are Osu, East Legon, Spintex, North Legon, Tse Addo, and Tema.
These areas combine credible tenant demand with net rental yields that are usually stronger than the premium embassy and airport districts.
In the table, Tse Addo 2-bedroom properties reach about 4.7% net yield, Tema 2-bedroom properties about 4.6%, North Legon 3-bedroom properties about 4.5%, and Osu and East Legon 2-bedroom properties about 4.3%.
Spintex 3-bedroom properties show the highest figure at 5.2% net yield. The important caution is that this number comes with a larger-property cost profile, including higher repairs, security, garden, water, power, and vacancy risk.
This is why the best Accra rental-income choice is not automatically the single highest-yield row. For a beginner buyer, the more reliable signal is a strong net yield supported by tenant depth, road access, realistic rent, and manageable operating costs.
Where can I find residential properties with above-average yields and below-average entry prices in Accra?
The clearest Accra areas for above-average yields with below-average entry prices are Tema, Spintex, Adenta, North Legon, and selected Tse Addo apartments.
These areas usually cost less to enter than Cantonments, Airport Residential Area, Labone, and central East Legon, but still produce usable rental income.
Tema is the clearest low-entry example. A 2-bedroom property is estimated at GH₵550,000 with GH₵3,000 monthly rent, which gives about 6.5% gross yield and 4.6% net yield.
Spintex also looks efficient. A 2-bedroom property is estimated at GH₵750,000 with GH₵3,500 monthly rent and about 3.9% net yield, while a 3-bedroom property is estimated at GH₵1,200,000 with GH₵8,000 monthly rent and about 5.2% net yield.
The discount exists for different reasons. Tema is farther from central Accra but has its own employment base, Spintex is a practical road-corridor market, and Adenta is cheaper because commute and resale liquidity risks are higher.
Where does the rent level justify the purchase price most clearly in Accra?
The rent level justifies the purchase price most clearly in Osu 2-bedroom properties, Tse Addo 2-bedroom properties, Spintex 3-bedroom properties, and Tema 2-bedroom properties.
These are the Accra segments where the relationship between annual rent and acquisition cost looks strongest.
Osu 2-bedroom properties show about 6.9% gross yield and 4.3% net yield. Tse Addo 2-bedroom properties show about 7.3% gross yield and 4.7% net yield.
Spintex 3-bedroom properties show about 8.0% gross yield and 5.2% net yield, which is the strongest income result in the dataset. Tema 2-bedroom properties show about 6.5% gross yield and 4.6% net yield.
Cantonments and Airport Residential Area are more complicated. Their rents are high, but purchase prices and service costs are also high, so larger units in those areas fall to about 2.1% to 2.2% net yield.
We have actually built the our real estate pack about Accra to make sure you won’t buy in the wrong area. Check it out.
Get to know the market before buying a property in Accra
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
Where is the best place to buy if I want stable rental income rather than maximum yield in Accra?
The best Accra areas for stable rental income rather than maximum yield are East Legon, Labone, Airport Residential Area, Cantonments, and North Legon.
These neighborhoods are not always the highest-yielding areas, but they offer deeper tenant demand and stronger resale comfort.
East Legon is the most balanced choice in this group. Its 2-bedroom properties are estimated at GH₵1,800,000 with GH₵10,000 monthly rent and about 4.3% net yield.
Airport Residential 1-bedroom properties also look useful for stability, with GH₵1,300,000 average purchase price, GH₵6,500 monthly rent, and about 3.7% net yield.
Cantonments is weaker for yield, but it benefits from diplomatic, corporate, and high-income renter demand. For a cautious foreign buyer, that stability can matter even when the income return is lower.
What type of residential property should a beginner investor buy to maximize rental profitability in Accra?
A beginner investor in Accra should usually buy a well-located 2-bedroom apartment or small townhouse, not a large luxury house.
The 2-bedroom format gives the best balance between entry price, monthly rent, tenant depth, and resale liquidity.
The strongest 2-bedroom net yields in the dataset include Tse Addo at 4.7%, Tema at 4.6%, Osu at 4.3%, East Legon at 4.3%, North Legon at 4.0%, and Spintex at 3.9%.
That spread is important. It means the 2-bedroom format works in several different parts of Accra, not only in one narrow neighborhood.
Three-bedroom properties can work in Spintex, North Legon, and Tema, but they bring more maintenance, a narrower tenant pool, and more property-management work. For a foreign beginner, that extra complexity should be priced into the decision.
We give you more details in the our real estate pack about Accra.
Which neighborhoods offer strong rental income with the lowest vacancy risk in Accra?
The Accra neighborhoods that combine strong rental income with lower vacancy risk are East Legon, Osu, Labone, Airport Residential Area, and Cantonments.
These areas have broader tenant pools, stronger name recognition, and more familiar search demand among local, diaspora, corporate, and expat renters.
East Legon 2-bedroom properties produce about GH₵10,000 monthly rent and about 4.3% net yield. Osu 2-bedroom properties produce about GH₵8,000 monthly rent and about 4.3% net yield.
Labone 3-bedroom properties produce about GH₵14,000 monthly rent, but net yield falls to about 2.6% because the average purchase price is high at GH₵3,800,000.
The honest interpretation is that high rent does not automatically mean low vacancy or strong yield. A well-priced East Legon 2-bedroom can be easier to rent than an expensive Cantonments 3-bedroom unit waiting for a narrower corporate tenant.
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.
Which areas look overpriced relative to their rental income in Accra?
The Accra areas that look most overpriced relative to rental income are Cantonments, Airport Residential Area for larger units, and parts of Labone.
These are attractive places to live, but they are weaker for buyers who mainly want rental income.
Cantonments 3-bedroom properties show about GH₵5,000,000 average purchase price and GH₵16,000 monthly rent, producing only about 3.8% gross yield and 2.1% net yield.
Airport Residential 3-bedroom properties show a similar pattern, with GH₵4,200,000 average purchase price, GH₵13,000 monthly rent, 3.7% gross yield, and 2.2% net yield.
Labone is less extreme, but still expensive for larger units. A 3-bedroom property is estimated at GH₵3,800,000 and GH₵14,000 monthly rent, which produces about 2.6% net yield.
The trade-off is not bad neighborhood versus good neighborhood. It is income return versus lifestyle, prestige, diplomatic demand, and capital preservation.
Which neighborhoods should I avoid even if the rental yield looks attractive in Accra?
Beginner investors should be careful with poorly located Adenta stock, weak-quality Dansoman properties, outer Spintex properties without strong access, and cheap fringe alternatives outside the main Accra rental map.
The problem is that the headline yield can look attractive because the purchase price is low, not because tenant demand is deep.
Adenta 2-bedroom properties show about 3.8% net yield, while Dansoman 2-bedroom properties show about 3.7% net yield. Those numbers are not weak, but they depend heavily on micro-location and property quality.
A poor road, weak finishes, unreliable utilities, or unclear service responsibilities can erase the advantage of a cheap purchase price.
This is not a blanket avoid call. It is an avoid-unless-you-know-the-street-and-building call, especially for a foreign individual buyer managing the property from outside Ghana.
Which neighborhoods look risky even though the rental yield is high in Accra?
The riskiest high-yield Accra areas are Spintex 3-bedroom houses, Tema lower-priced units, Adenta, and some Tse Addo furnished apartments.
These areas can produce strong income numbers, but the risk-adjusted return depends heavily on property condition, tenant depth, and realistic operating costs.
Spintex 3-bedroom properties show the strongest net yield in the table at about 5.2%, with GH₵8,000 monthly rent on a GH₵1,200,000 purchase price.
The risk is that a larger Spintex house can be more expensive to run than an apartment. Repairs, security, generator arrangements, water storage, garden maintenance, estate fees, and vacancy can reduce the real return.
Tse Addo 2-bedroom properties show about 4.7% net yield, but the investment can depend on furnished or short-let-style demand. That can be profitable, but it is more volatile than ordinary long-term tenancy.
Don't lose money on your property in Accra
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What neighborhoods should I avoid when buying a rental property in Accra?
A beginner rental investor in Accra should avoid overpriced luxury units in Cantonments or Airport if yield is the main goal, poor-quality Adenta or Dansoman stock, outer Spintex without strong access, and unverified fringe-area developments sold mainly on low price.
Cantonments and Airport Residential Area are avoid-for-yield, not avoid-for-lifestyle. They can be excellent places to own, but the income math is thin for larger units.
Cantonments 3-bedroom properties net about 2.1%, while Airport Residential 3-bedroom properties net about 2.2%. Those are weak rental-income figures for buyers paying premium prices.
Adenta and Dansoman are avoid-by-selection. Some properties work, but weak finishing, poor access, and limited resale demand can hurt returns.
Outer Spintex is similar. It can work when access and estate management are strong, but weak micro-locations carry vacancy and maintenance risk.
The simple beginner rule is to avoid any Accra property where title, service charges, road access, water, generator arrangements, estate management, and repair responsibilities are unclear.
Which neighborhoods are seeing rental demand weaken, and why, in Accra?
Rental demand appears most vulnerable in overbuilt premium serviced-apartment pockets, weak outer suburbs, and older low-quality stock in mid-market Accra neighborhoods.
This is not a sign that Accra rental demand is collapsing. It means renters are becoming more selective when many similar units compete for the same tenant budget.
Airport Residential, Cantonments, and Labone remain desirable, but some new serviced apartments can face slower leasing if rents exceed corporate budgets.
That explains why premium 3-bedroom units can have high monthly rents but low net yields. Cantonments 3-bedroom units rent for about GH₵16,000 per month, but still net only about 2.1%.
Outer Adenta, poorly connected Spintex pockets, and weak-quality Dansoman stock can also struggle because tenants compare them with newer or better-managed options in North Legon, East Legon, Tse Addo, and the eastern corridor.
Which neighborhoods are seeing new developments that could create stronger rental demand in Accra?
The neighborhoods most likely to benefit from development-led rental demand are Spintex, Tse Addo, East Legon, Airport-side areas, North Legon, and parts of Tema.
The strongest investment case is where infrastructure improves access without adding too much competing rental supply.
Spintex and Tse Addo benefit from the logic of the eastern corridor. Better access between Spintex, East Legon, Airport-side areas, Cantonments, and Tema can make those areas more practical for renters who want space and connectivity.
Tema is also important because it has its own employment base and lower entry prices. A Tema 2-bedroom property is estimated at only GH₵550,000 while still producing about 4.6% net yield.
The warning is supply. New developments can improve an area, but they can also create more rental competition if too many similar apartments are delivered at once.
Thinking of buying real estate in Accra?
Acquiring property in a different country is a complex task. Don't fall into common traps – grab our guide and make better decisions.
Which neighborhoods are becoming more attractive to renters because of recent infrastructure or transport changes in Accra?
The Accra neighborhoods becoming more attractive because of transport and infrastructure changes are Spintex, Tse Addo, East Legon, Airport-side areas, and Tema corridor locations.
The main investment logic is shorter or more predictable travel time, which matters a lot in Accra rental decisions.
Spintex is the clearest example in the dataset because it combines relatively affordable entry prices with useful rental income. A 3-bedroom property is estimated at GH₵1,200,000 and GH₵8,000 monthly rent, equal to about 5.2% net yield.
Tse Addo also benefits from proximity to higher-income eastern Accra demand without matching Cantonments or Airport pricing. Its 2-bedroom properties show about 7.3% gross yield and 4.7% net yield.
The risk is that infrastructure optimism can get priced into sale values before rents fully catch up. A buyer should make sure the current rent already supports the purchase price.
Which neighborhoods have become less attractive for property investors over the last 12 months in Accra?
The Accra areas that have become less attractive for yield-focused investors are Cantonments, Airport Residential Area larger units, and parts of Labone.
They remain desirable, but the investment case is weaker where purchase prices and service costs are high relative to realistic rent.
The table shows the problem clearly. Cantonments 3-bedroom units net about 2.1%, Airport Residential 3-bedroom units net about 2.2%, and Labone 3-bedroom units net about 2.6%.
Those yields are low compared with Osu 2-bedroom units at 4.3%, East Legon 2-bedroom units at 4.3%, Tse Addo 2-bedroom units at 4.7%, and Spintex 3-bedroom units at 5.2%.
The reason is not weak desirability. It is premium pricing. Diplomatic, diaspora, lifestyle, and capital-preservation buyers can support values even when rental yields are thin.
Which property types are becoming harder to rent in Accra, and in which neighborhoods?
The property types becoming harder to rent in Accra are overpriced large premium apartments, high-maintenance detached houses, and weak-quality older mid-market units.
The problem is not bedroom count by itself. The problem is a mismatch between rent, location, property quality, operating cost, and tenant budget.
Large premium apartments are most exposed in Cantonments, Airport Residential Area, and Labone when asking rents exceed corporate budgets.
The table supports this. The 3-bedroom net yields in those areas are only about 2.1% in Cantonments, 2.2% in Airport Residential Area, and 2.6% in Labone.
High-maintenance houses in Spintex, North Legon, and Adenta can also become harder to manage if repairs, security, water, generator support, or estate fees are underestimated.
Older units in Dansoman, Achimota, and Adenta can struggle when tenants compare them with newer apartments in East Legon, Tse Addo, and better-managed eastern corridor estates.
Which bedroom count offers the best balance between entry price, rental yield, and tenant demand in Accra?
The best bedroom count for a beginner investor in Accra is usually the 2-bedroom property.
It gives the best balance between entry price, rental yield, tenant depth, and resale liquidity.
Across the table, 2-bedroom properties produce strong net yields in several investable areas: Tse Addo at 4.7%, Tema at 4.6%, Osu at 4.3%, East Legon at 4.3%, North Legon at 4.0%, and Spintex at 3.9%.
That is a broader set of attractive choices than the 1-bedroom or 3-bedroom categories. One-bedroom units can work in Airport, Osu, Labone, and Tse Addo, but turnover and furnished-unit competition can be higher.
Three-bedroom properties can work in Spintex, North Legon, and Tema, but the tenant pool is narrower and the maintenance burden is higher. For a first Accra rental property, a clean 2-bedroom apartment in East Legon, Osu, Tse Addo, Spintex, North Legon, or Tema is usually easier to understand, rent, manage, and resell.
Get the full checklist for your due diligence in Accra
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
INSIGHTS
These insights are drawn from the Accra residential property rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential property to rent out.
You’ll find even more insights in our our real estate pack about Accra.
- Accra’s best income opportunities are not concentrated in the most prestigious addresses. The strongest net yields are mostly in practical renter markets such as Spintex, Tse Addo, Tema, Osu, East Legon, and North Legon.
- Spintex 3-bedroom properties show the highest net yield in the dataset at about 5.2%. This is attractive, but it should be treated as a risk-adjusted opportunity because larger properties have more repairs, security, utility, and management friction.
- The 2-bedroom format is the most useful beginner-investor category in Accra. It appears repeatedly among the strongest segments, including Tse Addo, Tema, Osu, East Legon, North Legon, and Spintex.
- Cantonments is a lifestyle and capital-preservation market more than an income-yield market. Its 3-bedroom properties show about 2.1% net yield, even though estimated monthly rent reaches GH₵16,000.
- Airport Residential Area works better in smaller units than in larger family units. The 1-bedroom segment shows about 3.7% net yield, while the 3-bedroom segment falls to about 2.2% net yield.
- Osu is one of the clearest rent-to-price markets in the table. Its 2-bedroom properties combine GH₵8,000 monthly rent with about 4.3% net yield.
- East Legon looks strongest in the 2-bedroom format. The 1-bedroom and 3-bedroom rows are weaker, but the 2-bedroom row reaches about 6.7% gross yield and 4.3% net yield.
- Tse Addo is attractive because it sits near stronger eastern Accra demand while still pricing below the most expensive premium districts. Its 2-bedroom properties show about 4.7% net yield.
- Tema is useful for buyers who want a low purchase price and real local demand. A 2-bedroom property is estimated at GH₵550,000 and about 4.6% net yield, but central Accra resale liquidity may be weaker.
- North Legon gives a strong family-rental signal. Its 3-bedroom properties show about 4.5% net yield, which is high for a larger property format.
- Adenta and Dansoman should be judged at street and property level. Their yields can look acceptable, but weak access, poor finishes, or unreliable utilities can quickly reduce the real return.
- Gross yield can mislead in Accra. Service charges, estate fees, vacancy, repairs, water, generator arrangements, security, and property management can materially reduce the income a foreign buyer actually keeps.
- Premium rents do not always mean premium yields. Cantonments, Airport Residential Area, and Labone can command high monthly rent, but high purchase prices absorb much of the rental advantage.
- Infrastructure can help Spintex, Tse Addo, East Legon, Airport-side areas, and Tema corridor locations. The buyer still needs to check that today’s rent supports today’s price rather than paying too much for future access improvements.
- The safest Accra rental investment is usually not the cheapest property. It is the property where net yield, tenant depth, road access, title clarity, operating costs, condition, and resale liquidity all make sense together.
Don't sign a document you don't understand in Accra
Buying a property over there? We have reviewed all the documents you need to know. Stay out of trouble - grab our comprehensive guide.
OUR METHODOLOGY TO BUILD THIS TRACKER
To estimate purchase price, monthly rent, and rental yield in different Accra neighborhoods, we built this dataset ourselves from the ground up. We did not reuse a third-party yield dataset. We manually researched current residential sale and rental listings, then organized the data by neighborhood and property type.
For each neighborhood and property type, we collected comparable sale listings from recognized Ghana property platforms such as Ghana Property Centre, Meqasa, and Jiji Ghana. We used the property categories shown in the tracker, then compared only listings that were reasonably similar in location, size, condition, and property format.
We cleaned the sale sample manually. Duplicate listings, unrealistic asking prices, luxury outliers, distressed assets, serviced-style offers, incomplete listings, land-only offers, and clearly non-comparable properties were removed before calculating the estimates.
Sale prices were normalized in Ghana cedi. We used the median price as the main reference where possible, or the average only when the sample was clean and not distorted by unusual listings.
We then built the rental side of the dataset separately. For the same neighborhood and property type, we manually collected rental listings, removed outliers and non-comparable listings, and estimated a realistic monthly rent using the median rent where possible.
Purchase prices and rents were researched separately, then matched by neighborhood and property type to estimate gross rental yield.
The gross rental yield was calculated as: Gross rental yield = annual rent / estimated purchase price.
To estimate net yield, we avoided applying a flat discount across all Accra property segments. The deduction was adjusted by neighborhood and property type because a small apartment, a serviced apartment, a townhouse, and a larger family house do not have the same operating cost profile.
The net-yield adjustment considered costs and risks such as service charges, vacancy risk, management costs, agent fees, repairs, insurance, property rates, security, estate fees, utilities, generator arrangements, water storage, and higher maintenance for houses and townhouses where relevant.
For residential property markets, we also paid attention to property-level factors when available. These include title and leasehold diligence, building or property condition, age, road access, layout, privacy, maintenance burden, tenant depth, furnishing assumptions, and resale liquidity.
Each estimate was assigned a confidence level. 30 to 40 comparable listings means higher confidence. 20 to 30 comparable listings means usable but less robust. Below 20 comparable listings means directional only, unless we widened the comparable area.
These estimates are updated regularly and should be read as structured market estimates, not guarantees of future rental income. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Accra.
