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Accra's apartment market in June 2025 offers compelling opportunities for investors seeking 12-15% total returns through a combination of strong rental yields and capital appreciation.
As we reach mid-2025, Accra's real estate sector continues its robust growth trajectory, with apartment prices having increased 8-10% year-on-year in prime areas and rental yields reaching up to 10% in emerging neighborhoods. The market is particularly attractive for investors targeting the growing expatriate community and young professionals driving demand for quality housing.
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Apartment investments in Accra currently yield 7-10% rental returns, with prime areas like Cantonments and Airport Residential showing the strongest appreciation potential of 15-20% annually.
Entry-level apartments start at $100,000 in emerging areas, while prime locations command $300,000-$1,000,000+, with 2-bedroom units offering the best balance of demand and returns.
| Investment Factor | Details | Key Figures |
|---|---|---|
| Average Price/m² | Prime areas command premium prices | $900-$2,000 USD |
| Rental Yields | Strongest in East Legon & Spintex | 7-10% gross |
| Price Growth | Consistent appreciation in prime areas | 8-10% annually |
| Occupancy Rates | High in prime areas | 85-95% long-term |
| Best Unit Type | 2-bedroom apartments | $1,500-$3,500/month rent |
| Time to Resell | Depends on location & pricing | 3+ months average |
| Total Costs | Factor all fees & taxes | +5-8% of purchase price |
What's the average price per square meter for apartments in Accra right now?
Apartment prices in Accra vary significantly by neighborhood, with Cantonments leading at $1,500-$2,000 per square meter for luxury developments.
As of June 2025, the most expensive areas include Cantonments (up to $2,000/m² for ultra-luxury projects), Airport Residential Area ($1,400-$1,800/m²), and East Legon ($1,200-$1,500/m²). These premium neighborhoods command high prices due to their expatriate appeal, security, and proximity to international schools and business districts.
More affordable options exist in areas like Ridge ($900-$1,200/m²) and emerging neighborhoods such as Adenta (around $1,500/m²). The general city center averages GH₵15,747/m² (approximately $1,300 USD/m²), though this fluctuates with exchange rates.
These price variations reflect differences in infrastructure quality, security, amenities, and accessibility. Prime areas with 24/7 electricity, water supply, and gated community features naturally command premium prices compared to developing neighborhoods.
It's something we develop in our Ghana property pack.
How have apartment prices changed recently and what's coming next?
Accra's apartment market has experienced steady growth of 8-10% annually over the past three years, with two-bedroom units seeing an 8.2% year-on-year increase in late 2024.
Looking at the broader trend, apartment prices per square meter have nearly doubled in some prime areas over the past five years. This growth has been driven by rapid urbanization, increased foreign investment, and Ghana's expanding middle class seeking quality housing.
| Time Period | Price Movement | Key Drivers |
|---|---|---|
| Past 3 Years | 8-10% annual growth | Urbanization, expatriate demand |
| Next 3-5 Years | 5.8% sector growth projected | Infrastructure development |
| Prime Locations | 12-15% total ROI expected | Limited supply, high demand |
| Emerging Areas | 10-15% appreciation potential | New developments, improving amenities |
| Overall Market | Double-digit returns in top suburbs | Economic growth, foreign investment |
Conservative projections suggest continued growth with the real estate sector expected to expand at 5.8% annually for the next five years. Prime locations are projected to deliver 12-15% total returns (combining rental yield and capital appreciation), making Accra apartments an attractive investment option.
Which neighborhoods offer the best rental yields?
East Legon and Spintex currently lead Accra's rental yield rankings at 9-10% gross returns, followed closely by Airport Residential Area and Ridge at 8-9%.
The highest yields come from areas with strong demand from expatriates and young professionals. East Legon's 9-10% yield reflects its popularity among international residents, while Spintex offers similar returns as an emerging neighborhood with modern developments. Even premium areas like Cantonments, despite higher purchase prices, still deliver respectable 7-8% yields.
Short-term rental trends show strong Airbnb demand in central business districts, with top-performing properties earning $1,346-$2,147 monthly (top 10-25% of listings). However, median occupancy rates for short-term rentals hover around 32%, compared to 85-95% for long-term rentals in prime areas.
Long-term rental strategies appear more stable, with high-end apartments in prime locations maintaining consistent occupancy and predictable income streams. The choice between short and long-term rentals depends on your risk tolerance and management capacity.
Which areas show the strongest appreciation potential?
Cantonments, Airport Residential Area, and East Legon consistently deliver 15-20% annual appreciation, with total gains exceeding 50% over 3-5 years in the best locations.
These established neighborhoods benefit from limited land supply, premium infrastructure, and sustained demand from diplomats, executives, and successful entrepreneurs. Ridge also shows steady appreciation, favored by its central location and diplomatic presence.
For investors seeking higher growth potential, emerging areas offer compelling opportunities. Tema Community 25 is experiencing rapid infrastructure development with 10-15% annual appreciation. Adjiringanor and Ayi Mensah provide suburban growth stories with improving amenities and more affordable entry points. Large-scale developments like Appolonia City in Prampram represent longer-term plays with significant future potential.
The key to maximizing appreciation is identifying areas at the intersection of infrastructure investment, improving amenities, and demographic shifts. Early positioning in emerging neighborhoods can yield superior returns compared to established areas.
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What apartment types are most in demand?
Two-bedroom apartments dominate Accra's rental market, offering the best balance of demand, rental income, and resale value for investors.
One and two-bedroom units are most popular among young professionals and expatriates, who form the core rental demographic. These units offer monthly rents of $700-$2,000 for one-bedrooms and $1,500-$3,500 for two-bedrooms in prime areas. Three-bedroom apartments ($2,500-$5,500/month) attract families but have lower turnover and require higher initial investment.
Studios excel in the short-term rental market due to lower nightly rates and high demand from business travelers. However, they offer less stability for long-term rental strategies. The sweet spot for most investors remains two-bedroom units, which provide stable occupancy, strong rental income, and broad market appeal.
Returns vary significantly by unit type and rental strategy. Short-term rentals of studios and one-bedrooms can achieve higher yields but require active management and face occupancy volatility. Long-term rentals of two and three-bedroom units provide predictable income streams with minimal management overhead.
What occupancy rates and rental income can I expect?
Long-term rentals in prime Accra neighborhoods achieve 85-95% occupancy rates, while short-term Airbnb rentals average 32% occupancy with significant variation.
For long-term rentals, expect these monthly income ranges: one-bedroom apartments generate $700-$2,000 (GH₵8,400-24,000), two-bedrooms yield $1,500-$3,500 (GH₵18,000-42,000), and three-bedrooms command $2,500-$5,500 (GH₵30,000-66,000). These figures assume well-maintained properties in desirable locations.
Short-term rental performance varies dramatically. While median Airbnb properties earn $704 monthly, the top 25% generate $1,346+ and the top 10% exceed $2,147 monthly. Success in short-term rentals requires professional photography, competitive pricing, and responsive management.
The stark difference in occupancy rates (85-95% for long-term versus 32% median for short-term) highlights the importance of choosing the right rental strategy. Long-term rentals offer stability and predictable cash flow, while short-term rentals provide higher potential returns but require more active management and carry greater risk.
It's something we develop in our Ghana property pack.
How quickly can I resell and what gains should I expect?
Apartments in Accra typically take 3 months or more to resell, with prime properties in top neighborhoods achieving 15-20% annual appreciation.
Resale timelines depend heavily on pricing strategy and location. Properties priced competitively in sought-after areas like Cantonments or East Legon move faster than those in emerging neighborhoods. The key to quick resale is accurate pricing based on recent comparable sales.
| Location Type | Annual Appreciation | 5-Year Total Gain |
|---|---|---|
| Prime Areas (Cantonments, Airport) | 15-20% | 50%+ total gains |
| Established Suburbs (East Legon) | 12-15% | 40-50% total gains |
| Emerging Areas (Tema 25) | 10-15% | 35-45% total gains |
| Developing Neighborhoods | 8-12% | 30-40% total gains |
| Master-Planned Communities | Variable | High potential, longer horizon |
Historical data shows that well-located apartments in prime areas have delivered total gains exceeding 50% over 3-5 year holding periods. Emerging areas offer potential for higher percentage gains but require longer investment horizons and carry more risk.
What investment budget do I need for different quality levels?
Entry-level apartments in Accra start at $100,000-$150,000, mid-range properties cost $150,000-$300,000, while luxury units in prime areas command $300,000 to over $1 million.
Entry-level options ($100,000-$150,000) typically include small or older apartments in less central areas. These properties offer basic amenities, shared facilities, and standard security. They're suitable for investors seeking affordable entry points or targeting lower-income renters.
Mid-range properties ($150,000-$300,000) provide 2-3 bedroom apartments in established suburbs like Achimota, Spintex, and Adenta. These feature modern finishes, some amenities (perhaps a gym or pool), and good security. This segment attracts middle-class professionals and offers balanced risk-return profiles.
High-end apartments ($300,000-$1,000,000+) are concentrated in Cantonments, Airport Residential, and East Legon. These luxury properties feature premium finishes, full amenities (gym, pool, concierge), high security, and strong expatriate appeal. While requiring substantial capital, they offer stable returns and strong appreciation.
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 are all the costs beyond the purchase price?
Total acquisition costs add 5-8% to your purchase price, while annual operating expenses typically run 3-5% of property value.
Upfront costs include a 20% down payment for mortgaged properties, legal and registration fees (1-3% of property value), agent commissions (2-5%), and inspection fees ($200-$500). First-time buyers using mortgages receive stamp duty exemptions, providing meaningful savings.
Recurring annual costs encompass property tax (0.5-3% of assessed value), monthly maintenance fees (200-500 GHS), security fees (100-300 GHS), and parking charges (100-300 GHS if not included). Budget an additional 1-2% of property value annually for repairs and unexpected maintenance.
Utility costs (electricity, water, internet) are typically paid by tenants directly. However, factor in periods of vacancy where you'll cover these expenses. Understanding and budgeting for all costs ensures accurate return calculations and prevents cash flow surprises.
Which areas work best for different investment strategies?
Prime areas like Cantonments and Airport Residential excel for personal use and stable rentals, while emerging neighborhoods like Tema Community 25 offer superior capital growth potential.
For personal residence, Cantonments, Airport Residential, and East Legon provide the best combination of security, amenities, international schools, and lifestyle conveniences. These neighborhoods attract expatriate families and professionals seeking premium living environments.
Rental investment strategies work best in Airport Residential, East Legon, and Spintex, where high demand from expatriates and young professionals ensures consistent occupancy. These areas balance strong rental yields (8-10%) with capital appreciation.
Capital gain strategies should focus on emerging areas with infrastructure development. Tema Community 25, Adjiringanor, and master-planned communities like Appolonia City offer higher growth potential, though they require patience and longer holding periods to realize gains.
It's something we develop in our Ghana property pack.
What's the optimal investment strategy for June 2025?
The smartest approach in mid-2025 combines buying 2-bedroom apartments in established areas for immediate rental income while positioning in emerging neighborhoods for long-term appreciation.
- Location Selection: Focus 70% of investment in prime areas (Cantonments, Airport Residential, East Legon) for stability and 30% in emerging areas (Tema Community 25, Adjiringanor) for growth
- Property Type: Prioritize 2-bedroom apartments offering optimal demand, rental yields, and resale liquidity
- Rental Strategy: Implement long-term rentals for predictable 8-10% yields and 85-95% occupancy
- Financing: Leverage first-time buyer stamp duty exemptions and negotiate 20% down payments
- Exit Planning: Target 3-5 year holding periods to maximize appreciation while maintaining flexibility
Given projected 5.8% annual sector growth and 12-15% total returns in prime locations, apartment investment in Accra presents compelling opportunities for both income and appreciation in 2025.
What mistakes should I avoid when buying in Accra?
The most costly mistakes in Accra's apartment market involve inadequate due diligence on land titles, underestimating total costs, and making emotional rather than financial decisions.
Always verify land titles through professional lawyers and conduct official searches. Many investors have lost money to fraudulent sales or disputed ownership. Never skip professional property inspections, as hidden defects can cost thousands in unexpected repairs.
Budget comprehensively for all costs - not just the purchase price. Factor in legal fees (1-3%), agent commissions (2-5%), ongoing maintenance, and potential vacancy periods. Underestimating costs by even 5% can significantly impact your returns.
Avoid rushing decisions based on sales pressure or fear of missing out. Take time to research comparable properties, analyze rental yields, and negotiate prices. Base decisions on financial analysis rather than emotional attachment to specific properties.
Location mistakes prove especially costly. Prioritize accessibility, infrastructure quality, and future development potential over superficial features. An apartment in a prime location with basic finishes outperforms a luxury unit in a poor location.
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.
Accra's apartment market in June 2025 presents a compelling investment case with 7-10% rental yields and 15-20% annual appreciation in prime areas.
Smart investors should focus on 2-bedroom units in established neighborhoods like Cantonments and East Legon for stable returns, while considering emerging areas like Tema Community 25 for higher growth potential. With proper due diligence and realistic budgeting, apartment investment in Accra offers attractive risk-adjusted returns in West Africa's dynamic real estate market.
Sources
- MyJoyOnline - Accra's Luxury Apartment Market Trends
- PropHunt Ghana - Property Prices in Accra
- Global Property Guide - Ghana Price History
- Landmark Homes - Maximizing Rental Yield in Ghana
- Landmark Homes - Emerging Neighbourhoods in Accra
- AirROI - Accra Short-Term Rental Report
- Eden Heights - Guide to Buying in Accra
- Rehoboth Properties - Mistakes to Avoid
- Estate Intel - Accra Residential Market Performance
- Anaa Arkutu - Real Estate Investment Strategies