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As of September 2025, the average price per square meter in central Accra ranges from $1,500 to $1,600, with ultra-luxury apartments exceeding $2,000 per square meter in prime areas. The Accra property market has experienced steady growth of 5-10% annually, making it one of Africa's most dynamic real estate markets for both investors and residents looking to purchase property.
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Property prices in Accra vary significantly by location and property type, with prime neighborhoods like Cantonments and Airport Residential Area commanding $1,500-$2,000+ per square meter.
The market has shown consistent growth of 5-10% annually, with emerging areas like Tema Community 25 and Oyarifa offering strong investment potential at lower entry prices.
| Property Type | Price Range (USD) | Price per m² (USD) |
|---|---|---|
| Luxury Apartment (Prime) | $250,000–$400,000 | $1,500–$2,000+ |
| Standard Apartment (Central) | $150,000–$300,000 | $1,300–$1,600 |
| 3-Bedroom House (Prime) | $450,000–$600,000 | $1,300+ |
| Suburban Entry-level | $70,000–$150,000 | $800–$1,200 |
| Luxury Villas | $1 million+ | $2,000+ |
| Commercial Properties | Varies by location | Exceeds residential rates |
| Budget-Friendly Areas | $70,000–$120,000 | $900–$1,300 |
What's the current average price per square meter in Accra?
The average price per square meter in central Accra is $1,500 to $1,600 as of September 2025.
Ultra-luxury apartments in prime neighborhoods like Cantonments, Airport Residential Area, and East Legon exceed $2,000 per square meter.
More affordable and emerging areas typically range from $900 to $1,300 per square meter, with some outlying districts offering even lower entry points. The significant price variation reflects Accra's diverse neighborhood development levels and proximity to business districts.
These prices represent a steady increase from previous years, driven by urban expansion, infrastructure development, and growing foreign investment in the Accra property market.
Commercial properties generally command higher prices per square meter than residential properties in central zones.
How do prices differ between apartments, houses, and commercial properties?
Luxury apartments in prime areas cost $250,000 to $400,000, while standard central apartments range from $150,000 to $300,000.
Three-bedroom houses in prime areas typically cost $450,000 to $600,000, though pricing varies significantly based on plot size and specific location within these neighborhoods.
Suburban entry-level properties, including both apartments and houses, start from $70,000 and can reach $150,000 depending on size and amenities.
Luxury villas command prices exceeding $1 million, often featuring extensive grounds and premium finishes that justify the premium pricing.
Commercial properties show highly variable pricing based on property type, size, and location, but generally exceed residential rates in central business zones.
Which neighborhoods in Accra are the most expensive right now?
Cantonments, Airport Residential Area, East Legon, Labone, Spintex, and Dzorwulu are the most expensive neighborhoods in Accra.
These areas attract diplomats, expatriates, and high-income locals due to their luxury amenities and strategic proximity to business districts and international hubs.
Cantonments and Airport Residential Area command the highest prices due to their established infrastructure, security, and proximity to the airport for international business travelers.
East Legon has developed into a prestigious residential area with modern shopping centers, international schools, and high-end restaurants that justify premium property prices.
Property values in these neighborhoods often exceed $2,000 per square meter for luxury developments.
Which areas are up-and-coming and expected to gain value?
Tema Community 25, Oyarifa, ACP-Pokuase, and Ashongman Estate are emerging as significant investment hotspots.
These areas benefit from ongoing infrastructure upgrades, affordable land availability, and strong potential for price appreciation as development accelerates.
Tema Community 25 is experiencing rapid development due to its proximity to the port and industrial areas, making it attractive for both residential and commercial investment.
Oyarifa has gained attention from developers and investors due to planned road improvements and its position between Accra and the eastern regions.
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Which neighborhoods are considered budget-friendly for buyers?
Kwabenya, Achimota, Pokuase, Ashongman, and certain parts of Adenta offer the most affordable property options in Accra.
These neighborhoods provide excellent value due to their central location and access to public transportation networks.
Entry-level properties in these areas start from around $70,000, making them accessible to first-time buyers and investors seeking affordable options.
Achimota and Kwabenya particularly benefit from their proximity to major roads and commercial centers while maintaining lower property prices compared to prime areas.
These areas often feature developing infrastructure that suggests future appreciation potential while maintaining current affordability.
How have average prices changed compared to one year ago?
Year-on-year price growth for Accra properties averages 5-10% from 2024 to 2025.
Luxury and prime locations have experienced even faster appreciation, with some areas seeing growth rates of 10-12% annually.
This growth significantly outpaces inflation rates and reflects the strong demand in the Accra property market driven by both local and international buyers.
The consistent price increases indicate a robust market with sustained investor confidence and growing urbanization pressures.
Emerging neighborhoods have shown particularly strong performance, with some areas experiencing above-average appreciation as infrastructure development progresses.
How do today's prices compare to five years ago?
Over the five-year period from 2020 to 2025, property prices in prime Accra areas have risen by 20-25%.
This substantial increase reflects the cumulative effect of consistent annual growth and the market's resilience despite global economic challenges.
The growth has been particularly pronounced in established neighborhoods where infrastructure improvements and urban development have enhanced property values.
Emerging areas have shown even stronger performance over this period, with some neighborhoods doubling in value as they transition from undeveloped to established residential areas.
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What's the forecast for property prices in Accra in one, five, and ten years?
| Time Frame | Projected Annual Growth | Key Drivers |
|---|---|---|
| 1 Year (2026) | 5-10% | Continued urban expansion, infrastructure projects |
| 3-5 Years (2028-2030) | 5-8% | Foreign investment, demographic growth |
| Luxury Segment (Next 5 years) | 3-5% | Market maturation, selective demand |
| Up-and-coming Areas (5 years) | 8-12% | Infrastructure completion, development |
| 10 Years (2035) | Positive outlook | Demographic growth, economic expansion |
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How does the cost of buying in Accra compare to similar big cities in the region?
Accra offers competitive pricing compared to other major African cities, with average high-end apartments ranging from $60,000 to $300,000.
Lagos commands higher prices, with properties ranging from $100,000 to $500,000+, making Accra more accessible for many buyers.
Nairobi properties typically cost $80,000 to $400,000, placing Accra in a similar but slightly lower price range for comparable properties.
Johannesburg offers properties from $70,000 to $350,000, with Accra showing stronger annual growth rates of 5-10% compared to Johannesburg's 2-5%.
Accra's rental yields of 5-8% are competitive with regional standards, while offering superior growth prospects compared to most other major African cities.
What is the total purchase price typically, once fees, taxes, and other costs are included?
Buyers in Accra typically pay legal and stamp fees totaling at least 4% of the property value.
Additional closing costs, including agent commissions, registration fees, and taxes, usually add another 1-3% to the total purchase price.
Some agents and additional services can increase total fees up to 10% depending on the property and services required, though this represents the higher end of the cost spectrum.
Most buyers should budget for total transaction costs ranging from 4-7% above the listed property price to cover all necessary fees and charges.
It's essential to factor these additional costs into your budget when calculating the total investment required for property purchase in Accra.
What are example purchase prices for common property sizes and types?
| Property Type | Size Range | Price Range (USD) |
|---|---|---|
| 1-Bedroom Apartment | 45-60m² | $90,000-$150,000 |
| 2-Bedroom Apartment | 75-110m² | $150,000-$300,000 |
| 3-Bedroom Apartment | 120-160m² | $250,000-$400,000 |
| 3-Bedroom House (Prime) | 200-350m² | $450,000-$600,000 |
| Entry-Level Suburban Home | 90-130m² | $70,000-$150,000 |
| Luxury Villa | 350-600m² | $1 million+ |
What are the smartest buying strategies today if you plan to live there, rent short term, rent long term, or buy to resell later?
For primary residence, target well-performing established neighborhoods or up-and-coming areas that offer long-term appreciation potential and lifestyle amenities.
Short-term rental investors should focus on high-demand areas near business hubs or the airport, particularly furnished apartments in mixed-use developments that attract business travelers.
Long-term rental strategies work best in central or emerging zones with growing appeal, as rental yields remain healthy at 8-10% in prime urban areas.
Buy-to-resell investors should consider off-plan projects in fast-developing corridors like Oyarifa, Tema Community 25, and Pokuase, timing sales to coincide with major infrastructure completion.
Key success factors include working with reputable developers and agents, investigating infrastructure development plans, understanding that high mortgage rates (often over 30%) favor cash buyers, and budgeting for full closing costs and ongoing property taxes.
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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 real estate market presents abundant opportunities for buyers across all investment profiles, from first-time purchasers to strategic investors.
Success in this dynamic market requires thorough research, understanding of local conditions, and careful consideration of transaction costs and financing options.
Sources
- VAAL - Ghana House Prices 2025
- The AfricanVestor - Accra Price Forecasts
- The AfricanVestor - Apartment Investment Accra
- Quao Realty - Building vs Buying Ghana 2025
- VAAL - Ghana Property Market Analysis
- Pulse Ghana - Most Expensive Areas Accra
- Landmark Homes - Emerging Neighbourhoods Accra
- Pearson Properties - Real Estate Hotspots Accra 2025
- The AfricanVestor - Ghana Which Area
- MyJoyOnline - Accra Fastest Growing Real Estate Market