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 property in Accra, this guide breaks down exactly which neighborhoods offer the best value, yields, and long-term potential in early 2026.
We constantly update this blog post with fresh data, so you always get the latest picture of Accra's real estate market.
From prime areas like Cantonments and Labone to up-and-coming spots like East Legon Hills, we cover what really matters for your investment decision.
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.
What's the Current Real Estate Market Situation by Area in Accra?
Which areas in Accra have the highest property prices per square meter in 2026?
As of early 2026, the three most expensive areas in Accra for property prices per square meter are Airport Residential Area, Cantonments, and Ridge.
In these prime Accra neighborhoods, prices typically range from about GH₵25,000 to GH₵85,000 per square meter, with Airport Residential commanding the highest end of that spectrum due to its concentration of luxury apartment towers.
Each of these high-priced Accra neighborhoods has a distinct reason for commanding premium prices:
- Airport Residential Area: direct proximity to Kotoka International Airport attracts corporate tenants and diplomats.
- Cantonments: embassy concentration creates steady demand from international organizations and their staff.
- Ridge: central government institutions and historic prestige make it a status address.
Which areas in Accra have the most affordable property prices in 2026?
As of early 2026, the most affordable areas for property in Accra include East Legon Hills, Spintex, Adenta, and parts of Tema Metropolitan.
In these more accessible Accra neighborhoods, apartment prices typically range from about GH₵10,000 to GH₵20,000 per square meter, which is roughly one-third to one-half the cost of prime core areas.
The main trade-off in these lower-priced Accra areas is longer commute times to the commercial core, though Spintex offers better road access than Adenta, while Tema provides more planned infrastructure but feels further removed from Accra's social scene.
You can also read our latest analysis regarding housing prices in Accra.
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.
Which Areas in Accra Offer the Best Rental Yields?
Which neighborhoods in Accra have the highest gross rental yields in 2026?
As of early 2026, the Accra neighborhoods with the highest gross rental yields are Osu at around 8.8%, Cantonments at roughly 6.8%, and East Legon at approximately 5.7%.
Across Accra as a whole, typical gross rental yields for investment properties range from about 4% to 9%, with prime-adjacent neighborhoods generally outperforming ultra-luxury areas where purchase prices are inflated by prestige.
Each of these top-yielding Accra neighborhoods delivers higher returns for a specific reason:
- Osu: strong nightlife and dining scene keeps rental demand high while prices stay below Airport Residential.
- Cantonments: embassy and corporate tenants pay premium rents but properties cost less than neighboring Airport Residential.
- East Legon: family demand from international schools supports steady occupancy at mid-range price points.
Finally, please note that we cover the rental yields in Accra here.
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Which Areas in Accra Are Best for Short-Term Vacation Rentals?
Which neighborhoods in Accra perform best on Airbnb in 2026?
As of early 2026, the Accra neighborhoods that perform best on Airbnb are Osu, Labone, Cantonments, and Airport Residential Area, based on a combination of occupancy rates and average nightly rates ranging from GH₵800 to GH₵2,500.
Top-performing Airbnb properties in these prime Accra neighborhoods typically generate monthly revenues between GH₵15,000 and GH₵45,000, though this varies significantly by season, with December through February being the strongest months.
Each of these Accra short-term rental hotspots outperforms for a distinct reason:
- Osu: walkable restaurants and nightlife make it the go-to for leisure visitors.
- Labone: quiet residential feel near Osu appeals to visitors wanting calm plus convenience.
- Cantonments: business travelers value proximity to embassies and corporate offices.
- Airport Residential Area: transit convenience attracts overnight stopovers and short business trips.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Accra.
Which tourist areas in Accra are becoming oversaturated with short-term rentals?
The Accra areas becoming most oversaturated with short-term rentals are Airport Residential Area, specific tower clusters in Cantonments, and parts of Labone where new executive apartment buildings have multiplied.
In Airport Residential Area alone, there are over 140 apartment listings actively competing for guests, and many of these units are nearly identical in layout and amenities, which pushes hosts into aggressive price competition.
The clearest sign of oversaturation in these Accra neighborhoods is that occupancy rates drop sharply outside peak season, forcing hosts to cut prices by 30% or more just to maintain bookings during slower months.
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 Areas in Accra Are Best for Long-Term Rentals?
Which neighborhoods in Accra have the strongest demand for long-term tenants?
The Accra neighborhoods with the strongest long-term tenant demand are Cantonments, East Legon, Labone, and Spintex, each driven by different but reliable tenant pools.
In these high-demand Accra neighborhoods, well-priced properties typically rent within two to four weeks, compared to two months or more in less sought-after areas.
The tenant profile driving demand differs by Accra neighborhood:
- Cantonments: embassy staff and international organization employees on multi-year contracts.
- East Legon: families seeking proximity to international schools like Lincoln and Ghana International.
- Labone: young professionals and mid-level expats wanting lifestyle plus reasonable commutes.
- Spintex: middle-income Ghanaian families and local professionals priced out of the core.
What makes these Accra neighborhoods especially attractive to long-term tenants is reliable utilities, with properties offering backup generators, water storage tanks, and gated security commands faster leasing and lower vacancy.
Finally, please note that we provide a very granular rental analysis in our property pack about Accra.
What are the average long-term monthly rents by neighborhood in Accra in 2026?
As of early 2026, average monthly rents in Accra vary widely by neighborhood, from about GH₵11,000 in Spintex and Tema to over GH₵70,000 for houses in Cantonments.
For entry-level apartments in Accra's most affordable neighborhoods like Adenta and Tema, typical rents range from GH₵8,000 to GH₵15,000 per month for a basic two-bedroom unit.
In mid-range Accra neighborhoods like Spintex and East Legon, monthly rents for a decent two-bedroom apartment typically fall between GH₵15,000 and GH₵25,000.
In Accra's most expensive neighborhoods like Cantonments, Labone, and Airport Residential Area, high-end apartments and houses command monthly rents from GH₵35,000 to over GH₵80,000.
You may want to check our latest analysis about the rents in Accra here.
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Which Are the Up-and-Coming Areas to Invest in Accra?
Which neighborhoods in Accra are gentrifying and attracting new investors in 2026?
As of early 2026, the Accra neighborhoods seeing the most gentrification and investor activity are East Legon Hills, select infill nodes in Ridge, and parts of the Spintex corridor near Baatsona and Sakumono.
These gentrifying Accra neighborhoods have experienced annual price appreciation of roughly 8% to 15% in local currency terms over the past two years, driven by new development and improving commercial amenities.
Which areas in Accra have major infrastructure projects planned that will boost prices?
The Accra areas most likely to benefit from major infrastructure projects are Osu, the Ga Mashie/Jamestown waterfront, and Labadi, all positioned along or near the planned Marine Drive corridor.
The key project is the Accra Marine Drive Development Project, a beachfront revitalization spanning from Christiansborg Castle in Osu toward the Arts Centre and Ga Mashie area, designed to transform Accra's waterfront into a mixed-use tourism and lifestyle destination.
Historically, major infrastructure completions in Accra have triggered price increases of 15% to 25% in directly affected neighborhoods within two to three years of project completion.
You'll find our latest property market analysis about Accra here.
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.
Which Areas in Accra Should I Avoid as a Property Investor?
Which neighborhoods in Accra with lots of problems I should avoid and why?
For foreign investors in Accra, the biggest risks are not specific "bad neighborhoods" but rather properties with unclear title documentation, heavy investor oversupply, or complex customary land arrangements.
The main problems affecting certain Accra investment situations include:
- Properties with unregistrable titles: if the seller cannot produce Lands Commission documentation, walk away.
- Generic units in Airport Residential: heavy supply of identical apartments creates fierce competition.
- Customary land deals: unclear lessor authority can lead to years of legal disputes.
For any of these Accra situations to become viable investments, sellers would need to produce clean, registrable title documentation that meets Lands Commission requirements, and oversupplied buildings would need genuine differentiation or significant price discounts.
Buying a property in the wrong neighborhood is one of the mistakes we cover in our list of risks and pitfalls people face when buying property in Accra.
Which areas in Accra have stagnant or declining property prices as of 2026?
As of early 2026, the Accra areas most at risk of price stagnation are ultra-luxury apartment clusters in Airport Residential Area and generic mid-market developments in oversupplied pockets of the commuter belt.
While nominal prices in these Accra areas may hold steady, real returns after accounting for vacancy, service charges, and currency movements have effectively stagnated or declined by 5% to 10% over the past two years for undifferentiated units.
The underlying causes of stagnation differ by Accra area:
- Airport Residential luxury apartments: too many similar units chase the same corporate tenant pool.
- Generic commuter-belt developments: weak infrastructure and build quality limit resale appeal.
- Older stock in prime areas: lack of modern amenities pushes tenants toward newer buildings.
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Which Areas in Accra Have the Best Long-Term Appreciation Potential?
Which areas in Accra have historically appreciated the most recently?
The Accra areas that have appreciated most consistently over the past five to ten years are Cantonments, Labone, Ridge, and Airport Residential Area, all benefiting from deep pools of high-income demand.
Here is the approximate appreciation these top Accra neighborhoods have achieved:
- Cantonments: roughly 12% to 15% annual appreciation in cedi terms over the past decade.
- Labone: approximately 10% to 13% annual growth, driven by lifestyle appeal.
- Ridge: around 10% to 12% annually, supported by institutional presence.
- Airport Residential Area: about 8% to 12% yearly, though recent oversupply has moderated gains.
The main driver of above-average appreciation in these Accra neighborhoods is scarcity of land combined with consistent demand from embassies, international corporations, and high-net-worth Ghanaians seeking security and prestige.
By the way, you will find much more detailed trends and forecasts in our pack covering there is to know about buying a property in Accra.
Which neighborhoods in Accra are expected to see price growth in coming years?
The Accra neighborhoods expected to see the strongest price growth in coming years are Osu, East Legon Hills, Cantonments, and Labone, each with different growth catalysts.
Projected annual price growth for these high-potential Accra neighborhoods varies:
- Osu: 10% to 18% if the Marine Drive project progresses as planned.
- East Legon Hills: 8% to 12% as infrastructure and amenities continue improving.
- Cantonments and Labone: 7% to 10% steady growth from scarcity and stable demand.
The single most important catalyst for future Accra property price growth is the continued execution of the Marine Drive waterfront project, which would fundamentally reshape the tourism and lifestyle appeal of the Osu-to-Jamestown corridor.
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 Do Locals and Expats Really Think About Different Areas in Accra?
Which areas in Accra do local residents consider the most desirable to live?
The Accra areas that local residents consider most desirable to live are Ridge, Labone, Cantonments, and Airport Residential Area, all valued for security, reliable utilities, and good road access.
Each of these desirable Accra neighborhoods offers something specific that locals value:
- Ridge: quiet, tree-lined streets with a sense of establishment and government proximity.
- Labone: balanced lifestyle with good restaurants and a calm residential atmosphere.
- Cantonments: security from embassy presence and consistent power and water supply.
- Airport Residential Area: modern apartment living with easy airport access.
The typical residents in these locally-preferred Accra neighborhoods are successful Ghanaian professionals, business owners, senior civil servants, and upper-middle-class families who prioritize security and convenience.
Local preferences in Accra largely align with what foreign investors target, though locals often place more emphasis on family compound space and less on short-term rental potential.
Which neighborhoods in Accra have the best reputation among expat communities?
The Accra neighborhoods with the best reputation among expat communities are Cantonments, Labone, Airport Residential Area, Ridge, and parts of East Legon near international schools.
Expats prefer these Accra neighborhoods for specific practical reasons:
- Cantonments: embassy cluster means familiar services, security protocols, and English-speaking staff.
- Labone: walkable to Osu's restaurants and shops while feeling more residential.
- Airport Residential Area: ideal for frequent travelers needing quick airport access.
- East Legon: family-friendly with Lincoln Community School and Ghana International School nearby.
The typical expat profile in these popular Accra neighborhoods includes embassy staff, NGO workers, multinational executives, and diaspora Ghanaians returning from abroad, often on contracts of two to four years.
Which areas in Accra do locals say are overhyped by foreign buyers?
The Accra areas that locals most commonly say are overhyped by foreign buyers are Airport Residential Area, certain luxury towers in Cantonments, and some newer East Legon developments.
Locals believe these Accra areas are overvalued for specific reasons:
- Airport Residential Area: prices reflect prestige and airport proximity, not actual lifestyle quality.
- Luxury Cantonments towers: high service charges and identical units make them poor long-term value.
- New East Legon compounds: marketed to diaspora buyers who overpay due to distance from the market.
Foreign buyers are often drawn to these Accra areas by familiar-looking apartment designs and professional marketing, while locals know that similar quality can be found at lower prices in adjacent neighborhoods.
By the way, we've written a blog article detailing the experience of buying a property as a foreigner in Accra.
Which areas in Accra are considered boring or undesirable by residents?
The Accra areas that residents commonly consider boring or undesirable for lifestyle purposes are Adenta, quieter stretches of Spintex away from commercial nodes, and some outer Tema neighborhoods.
Residents find these Accra areas less exciting for straightforward reasons:
- Adenta: solid family value but minimal nightlife, dining, or walkable entertainment.
- Outer Spintex: car-dependent with limited social scene beyond shopping malls.
- Tema Community areas: planned and orderly but feels disconnected from Accra's energy.
For investors, these "boring" Accra neighborhoods can actually be smart choices, since family tenants often prefer quiet environments and are willing to sign longer leases, even if the area lacks the buzz of Osu or Labone.
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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 Statistical Service | Official national statistics agency publishing verified inflation data. | We used this to anchor the macro context for rents and construction costs. We treat it as the baseline for understanding affordability pressures. |
| Bank of Ghana | Central bank providing official exchange rate series. | We used this to convert Ghana cedi prices into USD consistently. We referenced early January 2026 rates as our conversion anchor. |
| meQasa | One of Ghana's largest property marketplaces with neighborhood-level data. | We used this to build rent versus buy metrics by neighborhood. We treated it as primary market data for sale and rental averages. |
| Ghana Property Centre | Major property portal with transparent methodology for trend reports. | We used this as a second benchmark to validate meQasa figures. We especially relied on it where luxury listings skewed averages. |
| Lands Commission | Government body responsible for land registration in Ghana. | We used this to outline the due diligence checklist for buyers. We treated it as the practical authority on title requirements. |
| Ghana Constitution (Constitute Project) | Authoritative consolidated text of Ghana's constitution. | We used this to explain the 50-year leasehold limit for foreigners. We treated it as the top legal reference for ownership rules. |
| Parliament of Ghana (Land Act 2020) | Official legislative repository for Ghana's statutes. | We used this to explain modern land administration rules. We combined it with constitutional limits to clarify leasehold structures. |
| AirROI | Structured short-term rental data provider with market-wide metrics. | We used this to quantify Accra's Airbnb performance citywide. We combined it with tourism data to assess seasonality risks. |
| World Bank | International institution with rigorous macroeconomic monitoring. | We used this to corroborate Ghana's growth momentum. We treated it as context for household incomes and demand resilience. |
| Ministry of Tourism, Arts and Culture | Official government ministry overseeing tourism infrastructure projects. | We used this to identify the Marine Drive project as a specific catalyst. We tied it to neighborhoods likely to benefit from waterfront development. |
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