Authored by the expert who managed and guided the team behind the Ghana Property Pack
Everything you need to know before buying real estate is included in our Ghana Property Pack
Ghana's property market in 2026 is showing renewed momentum after a period of macroeconomic stabilization, with inflation dropping to 5.4% in December 2025 and the Bank of Ghana cutting its policy rate to 18%.
For foreign buyers, this means borrowing costs are easing while asking prices in prime Accra neighborhoods remain firm, creating a window where entry prices may be more negotiable than a year ago.
We constantly update this blog post with the latest data from official Ghanaian sources, major property portals, and our own market tracking.
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 Ghana.
What's the Current Real Estate Market Situation by Area in Ghana?
Which areas in Ghana have the highest property prices per square meter in 2026?
As of early 2026, the three most expensive neighborhoods in Ghana for residential property are Cantonments, Airport Residential Area, and Ridge in Accra, where proximity to embassies, international businesses, and the airport drives persistent demand from diplomats and expatriates.
In these prime Accra neighborhoods, typical prices per square meter range from GH₵24,000 to GH₵32,000 for quality apartments, which translates to roughly $1,500 to $2,000 per square meter at current exchange rates.
Each of these top-priced areas commands premiums for distinct reasons:
- Cantonments: embassy concentration creates guaranteed tenant demand and 24-hour security infrastructure
- Airport Residential Area: under 10 minutes to Kotoka International Airport, making it the default choice for frequent travelers
- Ridge and North Ridge: legacy prestige with mature trees, larger plots, and historic government estate appeal
Which areas in Ghana have the most affordable property prices in 2026?
As of early 2026, the most affordable areas in Ghana for residential property with reasonable resale liquidity include Dansoman, broader Accra Metropolitan outskirts like Oyibi and Adenta, and La Nkwantanang-Madina Municipal, where house prices can start around GH₵700,000 to GH₵1,500,000.
In these more accessible neighborhoods, prices per square meter typically fall in the GH₵5,000 to GH₵12,000 range, representing a 50% to 75% discount compared to prime Accra locations.
The main trade-offs in these lower-priced Ghana neighborhoods include longer commute times to central Accra business districts, less reliable infrastructure like water pressure and power stability, and a smaller pool of international tenants willing to rent there, which can affect your exit strategy if you need to sell quickly.
You can also read our latest analysis regarding housing prices in Ghana.
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 Ghana Offer the Best Rental Yields?
Which neighborhoods in Ghana have the highest gross rental yields in 2026?
As of early 2026, the neighborhoods in Ghana delivering the highest gross rental yields include Airport Residential Area at roughly 4% to 8.5% for houses, parts of East Legon at around 7% to 12% for well-located apartments, and emerging areas like Tema Community 25 where yields can reach 8% to 10% due to lower entry prices.
Across Ghana as a whole, typical gross rental yields for investment properties range from 6% to 13.5%, with prime Accra locations clustering around 4% to 8% and emerging suburban areas offering higher yields but with more vacancy risk.
Each of these high-yielding Ghana neighborhoods delivers above-average returns for specific reasons:
- Airport Residential Area: rents averaging GH₵71,000 per month for houses attract corporate tenants willing to pay premium rates
- East Legon apartments: strong demand from young professionals and diaspora returnees keeps occupancy tight
- Tema Community 25: lower purchase prices combined with stable family rental demand create favorable yield math
- Spintex Road corridor: commercial proximity and motorway access support consistent tenant demand
Finally, please note that we cover the rental yields in Ghana here.
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Which Areas in Ghana Are Best for Short-Term Vacation Rentals?
Which neighborhoods in Ghana perform best on Airbnb in 2026?
As of early 2026, the neighborhoods in Ghana that perform best on Airbnb based on occupancy and nightly rates are Osu, Cantonments, Airport Residential Area, and parts of East Legon, where the combination of airport access, restaurants, and security infrastructure attracts both business travelers and diaspora visitors.
In these top-performing Accra neighborhoods, well-managed Airbnb properties can generate monthly revenues ranging from GH₵40,000 to GH₵95,000 (roughly $2,500 to $6,000), with top-tier listings in prime locations achieving significantly higher during peak season in December.
Each of these Airbnb-friendly Ghana neighborhoods outperforms for specific reasons:
- Osu: walkable nightlife, restaurants, and Oxford Street shopping make it the default choice for leisure visitors
- Cantonments: embassy proximity and quiet streets appeal to business travelers willing to pay higher nightly rates
- Airport Residential Area: late arrivals and early departures drive consistent demand for airport-adjacent stays
- East Legon: mall access, larger units, and family-friendly environments attract longer diaspora visits
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Ghana.
Which tourist areas in Ghana are becoming oversaturated with short-term rentals?
The areas in Ghana showing signs of short-term rental oversaturation include certain new-build apartment clusters in Cantonments, parts of East Legon where multiple similar developments launched simultaneously, and some Spintex Road corridor buildings where supply has outpaced traveler demand.
In these oversaturated Ghana markets, you can see 200 to 400 active Airbnb listings competing within a small radius, with bottom-quartile properties achieving only 15% occupancy rates compared to the city median of around 35% to 48%.
The clearest indicator of oversaturation in these Ghana neighborhoods is when hosts compete primarily on price rather than quality, forcing nightly rates down to $30 to $50 while well-differentiated properties in the same area still command $80 to $120, creating a widening gap between winners and losers.
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 Ghana Are Best for Long-Term Rentals?
Which neighborhoods in Ghana have the strongest demand for long-term tenants?
The neighborhoods in Ghana with the strongest long-term tenant demand are Airport Residential Area, Cantonments, East Legon, and the Tema Community 25 to Sakumono corridor, where reliable infrastructure and proximity to employment centers create consistent occupancy.
In these high-demand Ghana neighborhoods, vacancy rates for quality properties run between 4% and 10%, with well-priced units typically renting within 15 to 35 days, while overpriced or poorly maintained units can sit for 90 days or more.
Each of these Ghana neighborhoods attracts a distinct long-term tenant profile:
- Airport Residential Area: diplomats, multinational executives, and frequent-flyer professionals on corporate housing budgets
- Cantonments: embassy staff, international NGO workers, and affluent Ghanaian professionals
- East Legon: diaspora families returning to Ghana, mid-to-upper-income professionals, and families seeking school access
- Tema Community 25 and Sakumono: middle-class families working in Tema's industrial and logistics sectors
The key amenity that makes these Ghana neighborhoods attractive to long-term tenants is reliable power backup, with properties featuring inverters or generators commanding 15% to 25% rent premiums because tenants prioritize electricity resilience over almost any other feature.
Finally, please note that we provide a very granular rental analysis in our property pack about Ghana.
What are the average long-term monthly rents by neighborhood in Ghana in 2026?
As of early 2026, average long-term monthly rents in Ghana's main neighborhoods range from GH₵10,000 in Cantonments for a typical apartment up to GH₵71,000 or more in Airport Residential Area for a premium house, with significant variation based on furnishing level and power backup infrastructure.
For entry-level apartments in Ghana's most affordable neighborhoods like Dansoman, Madina, or Kasoa, typical monthly rents fall in the GH₵1,500 to GH₵4,000 range, representing the starting point for budget-conscious renters.
In mid-range Ghana neighborhoods like Spintex Road, Adenta, or parts of Tema, average monthly rents cluster around GH₵5,000 to GH₵12,000 for a 2 to 3 bedroom apartment or townhouse with basic amenities.
For high-end apartments and houses in Ghana's most expensive neighborhoods like Cantonments, Airport Residential Area, or Ridge, monthly rents typically range from GH₵15,000 to GH₵70,000 or higher, with furnished properties and those with reliable backup power at the top of the range.
You may want to check our latest analysis about the rents in Ghana here.
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Which Are the Up-and-Coming Areas to Invest in Ghana?
Which neighborhoods in Ghana are gentrifying and attracting new investors in 2026?
As of early 2026, the Ghana neighborhoods experiencing gentrification and attracting new investor attention include Adjiringanor (positioned between East Legon and eastern growth corridors), East Legon Hills, Oyarifa and Abokobi on the Madina growth edge, and the Lashibi to Sakumono corridor along the Spintex-Tema axis.
These gentrifying Ghana neighborhoods have experienced annual price appreciation of roughly 8% to 15% over the past two years, outpacing the broader Accra average of 5% to 8% as new infrastructure and residential developments attract middle-class buyers priced out of prime areas.
Which areas in Ghana have major infrastructure projects planned that will boost prices?
The areas in Ghana with major infrastructure projects expected to boost property prices include the central Accra coastal strip benefiting from the Marine Drive Development, the Accra-Tema corridor along the motorway expansion, and the Adenta-Dodowa corridor where road dualization is underway.
The specific projects to watch include the US$1.2 billion Accra Marine Drive Project transforming 241 acres of coastline near Osu and Independence Square, the Tema Motorway Roundabout Phase 2 completion linking the harbor to Akosombo Road, and the Spintex Road to East Legon flyover which is 99% complete and already reducing congestion.
Historically in Ghana, areas benefiting from major infrastructure completions have seen property price increases of 10% to 20% within two to three years of project completion, though timing can be unpredictable given Ghana's track record of project delays.
You'll find our latest property market analysis about Ghana 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 Ghana Should I Avoid as a Property Investor?
Which neighborhoods in Ghana with lots of problems I should avoid and why?
Rather than naming entire neighborhoods to avoid in Ghana, the more useful approach is recognizing risk patterns that can ruin returns regardless of location, including title and transfer friction, infrastructure gaps that make rentals difficult, and oversupply of generic apartments.
These risk patterns show up in specific ways across Ghana neighborhoods:
- Outer fringes marketed as "East Legon": properties far from the actual East Legon amenity cluster can struggle to attract tenants at premium rates
- New-build clusters without differentiation: generic furnished apartments in oversupplied pockets face price competition and vacancy
- Areas with unclear land documentation: properties where sellers cannot produce what the Lands Commission requires for registration should be avoided entirely
- Locations without reliable water or power infrastructure: units lacking backup systems sit vacant or rent at deep discounts
For any Ghana neighborhood to become a viable investment option after experiencing problems, the property would need clear title documentation meeting Lands Commission registration requirements, evidence of stable infrastructure, and rental comparables showing achievable rents that support your target yield.
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 Ghana.
Which areas in Ghana have stagnant or declining property prices as of 2026?
As of early 2026, the areas in Ghana showing signs of price stagnation or softening include oversupplied pockets within otherwise prime neighborhoods where too many similar new-build apartments hit the market simultaneously, as well as some distant suburban areas where infrastructure promises have not materialized.
In these softer Ghana markets, asking prices have remained flat or declined by approximately 5% to 10% over the past 12 to 18 months, particularly for generic furnished apartments competing against many similar units.
The underlying causes of price stagnation vary across these Ghana areas:
- New-build apartment clusters in Cantonments: premium supply competing for a limited tenant pool forces asking prices down
- Select East Legon developments: oversupply of similar units without clear differentiation creates price competition
- Distant suburban areas: infrastructure delays leave properties isolated from job centers, suppressing demand
Buying real estate in Ghana 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 in Ghana Have the Best Long-Term Appreciation Potential?
Which areas in Ghana have historically appreciated the most recently?
The areas in Ghana that have historically appreciated the most over the past five to ten years include the prime Accra core neighborhoods of Cantonments, Airport Residential Area, East Legon, and Ridge, which have seen cumulative gains of 20% to 25% since 2020 according to market analyses.
Each of these top-appreciating Ghana areas has achieved distinct performance:
- Cantonments: approximately 20% to 25% appreciation since 2020, driven by persistent embassy and expatriate demand
- Airport Residential Area: similar 20% to 25% gains, supported by airport proximity and corporate tenant budgets
- East Legon: 15% to 20% appreciation, with family-oriented demand from diaspora returnees fueling growth
- Ridge and North Ridge: steady appreciation tied to scarcity of large plots and legacy prestige
The main driver of above-average appreciation in these Ghana neighborhoods is the combination of genuine scarcity (limited land, difficult to replicate) and durable demand from tenants who must be in these specific locations for work or lifestyle reasons, rather than speculative activity.
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 Ghana.
Which neighborhoods in Ghana are expected to see price growth in coming years?
The Ghana neighborhoods expected to see the strongest price growth in coming years include Cantonments and Airport Residential Area for continued prime-market strength, Adjiringanor and East Legon Hills for spillover growth, and the Tema Community 25 to Sakumono corridor for infrastructure-driven appreciation.
Projected annual price growth varies across these high-potential Ghana neighborhoods:
- Cantonments and Airport Residential: 5% to 8% annual growth, constrained by already-high prices but supported by scarcity
- Adjiringanor and East Legon Hills: 8% to 12% annual growth potential as East Legon overflow drives demand
- Tema Community 25 and Sakumono: 10% to 15% growth possible if motorway improvements enhance accessibility
- Adenta-Dodowa corridor: growth tied to completion of road dualization currently at 15% progress
The single most important catalyst expected to drive future price growth in these Ghana neighborhoods is the completion of infrastructure projects like the Accra-Tema Motorway expansion and the Adenta-Dodowa dualization, which will reduce commute times and unlock demand from buyers currently priced out of central Accra.
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 Ghana?
Which areas in Ghana do local residents consider the most desirable to live?
The areas in Ghana that local residents consider most desirable to live include East Legon for family lifestyle and space, Cantonments for central convenience and security, Airport Residential Area for prestige and airport access, and Ridge for legacy status and quiet residential character.
Each of these locally-preferred Ghana neighborhoods offers distinct appeal:
- East Legon: large houses with compounds, proximity to A&C Mall, and family-friendly environment with good schools
- Cantonments: central location with embassy-grade security and walkable access to restaurants and services
- Airport Residential Area: prestige address with reliable infrastructure and proximity to business districts
- Ridge and Roman Ridge: quiet tree-lined streets, larger plots, and association with established Ghanaian families
The typical resident demographic in these locally-desirable Ghana areas includes established Ghanaian professionals, successful business owners, diaspora returnees, and multi-generational families who have owned property in these neighborhoods for decades.
Local preferences in Ghana largely align with what foreign investors target, though locals often place higher value on plot size and family space while foreign investors may prioritize rental yield and liquidity, which can create different neighborhood rankings.
Which neighborhoods in Ghana have the best reputation among expat communities?
The neighborhoods in Ghana with the best reputation among expatriate communities are Airport Residential Area, Cantonments, Labone, Ridge and North Ridge, and the family-oriented pockets of East Legon, where the combination of security, infrastructure reliability, and proximity to international schools and offices creates expat-friendly environments.
Expats prefer these Ghana neighborhoods for specific practical reasons:
- Airport Residential Area: under 10 minutes to Kotoka airport and consistently reliable power and water infrastructure
- Cantonments: walkable to embassies, diplomatic security presence, and established expatriate services
- Labone: quieter than Osu but still central, with good restaurants and a residential feel
- Ridge and North Ridge: legacy prestige, mature landscaping, and proximity to government and business districts
The typical expat profile in these popular Ghana neighborhoods includes diplomatic staff and embassy workers in Cantonments, multinational executives and frequent travelers in Airport Residential, NGO workers and international organization staff across Ridge and Labone, and diaspora families with children in East Legon.
Which areas in Ghana do locals say are overhyped by foreign buyers?
The areas in Ghana that locals commonly say are overhyped by foreign buyers include outer edges marketed as "East Legon" that are actually quite far from the true amenity cluster, generic new-build apartment towers in prime areas that lack character, and some beachfront or resort-style developments that appeal more to holiday fantasies than rental realities.
Locals believe these Ghana areas are overvalued for specific reasons:
- Peripheral "East Legon" addresses: paying East Legon prices for locations 15 to 20 minutes from East Legon amenities
- Generic new-build apartments: identical units without differentiation competing on price rather than quality
- Developer-marketed "luxury" projects: marketing hype exceeds actual finishing quality or infrastructure reliability
Foreign buyers typically see amenities and marketing materials that locals do not value as highly, including rooftop pools that are rarely used, building gyms that lack maintenance, and "gated community" labels that do not actually deliver superior security compared to established neighborhoods.
By the way, we've written a blog article detailing the experience of buying a property as a foreigner in Ghana.
Which areas in Ghana are considered boring or undesirable by residents?
The areas in Ghana that residents commonly consider boring or undesirable include purely residential outer suburbs with limited walkable amenities, car-dependent developments far from entertainment and dining options, and some industrial-adjacent zones that lack character despite reasonable pricing.
Residents find these Ghana areas boring or undesirable for practical reasons:
- Outer Tema communities beyond Community 25: functional for families but lacking restaurants, nightlife, or cultural activities
- Distant Kasoa neighborhoods: affordable but commute-heavy with limited local services
- Some new developments on Accra's far edges: isolated from social infrastructure that makes daily life convenient
It is worth noting that "boring" does not mean bad for investment, as many purely residential neighborhoods deliver stable family rentals with reliable tenants who prioritize space and affordability over nightlife, making them potentially attractive for yield-focused investors willing to accept lower excitement.
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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 Ghana, 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 (GSS) | Ghana's official statistics agency publishing headline inflation data. | We used their December 2025 CPI bulletin to anchor the macroeconomic backdrop affecting mortgage rates and construction costs. We referenced the 5.4% inflation figure to contextualize market conditions. |
| Bank of Ghana | Central bank setting monetary policy and interest rates. | We used their November 2025 MPC decision confirming the 18% policy rate cut. We contextualized how this affects borrowing costs and investor return expectations. |
| Ghana Property Centre | Major national listings portal with transparent median price methodology. | We used their neighborhood-by-neighborhood median asking prices and rents as our primary pricing dataset. We computed gross yields by pairing same-neighborhood price and rent figures. |
| Meqasa | Leading Ghana property portal with large listing counts and averages. | We used their Airport Residential rent averages to triangulate prime-area rent levels. We cross-checked listing depth as a demand proxy in key neighborhoods. |
| AirDNA | Widely used short-term rental analytics provider with consistent methodology. | We used their Accra Metropolitan occupancy and ADR benchmarks as the city-wide Airbnb baseline. We mapped those metrics to specific neighborhoods based on demand drivers. |
| AirROI | STR analytics platform with granular neighborhood-level Airbnb data. | We used their 2025 Accra report showing 2,183 active listings and occupancy distribution. We identified oversaturation risk from their bottom-quartile performance metrics. |
| Knight Frank Africa Report | Global real estate consultancy with research commentary on Ghana. | We used their market commentary on supply expansion and softening asking prices. We avoided using them for specific neighborhood pricing since they don't publish that granularity. |
| Lands Commission Ghana | Ghana's main land administration body for title registration. | We used their registration requirements as the practical checklist for foreign buyers. We highlighted common failure points in the title process. |
| GhaLII (Land Act 2020) | Legal information institute providing citable Ghana legislation. | We used the Land Act to ground legal constraints on foreign ownership and leasehold terms. We cross-checked against the Parliament repository for authenticity. |
| Centre for Affordable Housing Finance in Africa | Research organization tracking housing markets across Africa. | We used their Ghana profile for context on housing deficit and price ranges. We referenced their rent data for prime area benchmarks. |
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