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Everything you need to know before buying real estate is included in our Ghana Property Pack
Property investment in Ghana presents compelling opportunities in 2025, with urban markets like Accra showing strong 20-25% price growth over five years. As of September 2025, the Ghanaian cedi has appreciated 16% against the US dollar, creating favorable conditions for both local and foreign investors in the real estate sector.
Ghana's property market offers attractive rental yields of 7-10% in prime locations, significantly higher than many developed markets, while transaction costs remain manageable at 5-8% of property value. The combination of economic growth, infrastructure development, and currency stability makes Ghana an increasingly attractive destination for property investment.
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Ghana's property market shows strong fundamentals with prime Accra locations commanding $450,000-$600,000 for three-bedroom houses and rental yields reaching 7-10% in top areas.
The market has delivered consistent growth with 8-12% annual appreciation in urban centers and favorable currency conditions supporting investment returns in 2025.
Investment Factor | Current Status | Outlook |
---|---|---|
Property Price Growth | 8-12% annually (urban areas) | Continued steady growth |
Rental Yields | 7-10% (prime locations) | Stable to improving |
Currency Stability | Cedi +16% vs USD in 2025 | Supportive for investors |
Transaction Costs | 5-8% of property value | Manageable and transparent |
Economic Growth | 6.3% GDP growth (2024) | Rising in 2025 |
Market Liquidity | 3+ months resale time | Improving in prime areas |
Best Investment Areas | East Legon, Cantonments, Spintex | Expanding to new corridors |

What are the current average property prices in Ghana by region and property type?
Property prices in Ghana vary significantly by location and property type, with Accra commanding the highest values in the country.
In Accra's prime areas like East Legon, Cantonments, and Airport Residential, three-bedroom houses range from $450,000 to $600,000. High-end apartments in these same neighborhoods sell for $250,000 to $400,000. These prices reflect the premium locations with excellent infrastructure and expatriate amenities.
Kumasi, Ghana's second-largest city, offers more affordable options with three-bedroom homes in prime areas like Nhyiaeso and Asokwa averaging $180,000 to $250,000. Takoradi, an important coastal city, sees three-bedroom houses in prime neighborhoods selling for $120,000 to $180,000.
The national median property price stands at approximately ₵1.32 million ($110,000), though this varies dramatically between urban and rural areas. Accra districts consistently top the regional price charts, with East Legon and Spintex leading the market.
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How have property prices changed over the past five years and what's the outlook?
Ghana's property market has experienced robust growth over the past five years, with urban areas leading the appreciation.
Property prices have grown 8-12% annually in urban centers, with prime Accra locations showing exceptional performance at 20-25% growth since 2020. This strong appreciation has been driven by infrastructure investments, population growth, and limited supply in desirable areas.
The short-term outlook for 2025-2026 remains positive, with continued steady growth expected due to ongoing supply shortages and strong demand from both local buyers and international investors. The recent 16% appreciation of the Ghanaian cedi against the US dollar has created additional momentum for the market.
Medium to long-term projections for 2025-2030 suggest sustained appreciation in urban corridors, particularly those linked to new infrastructure projects. However, growth rates may moderate as supply gradually increases to meet demand. Outlying areas are expected to show more modest growth compared to the urban centers.
Rural and peripheral districts will likely continue to lag behind urban markets in terms of price appreciation, as buyer interest and infrastructure investment remain concentrated in major cities.
Which areas are experiencing the fastest property value growth?
The fastest property appreciation is occurring in established prime areas and emerging growth corridors in Accra.
East Legon, Cantonments, Airport Residential, and Ridge are seeing the strongest gains with annual appreciation rates of 15-20%. These areas benefit from excellent infrastructure, security, and proximity to business districts and international amenities.
Tema Community 25 represents a new development area experiencing rapid growth due to planned infrastructure and modern housing projects. This emerging location offers investors the opportunity to enter at lower prices while benefiting from future development.
Spintex and Ayi Mensah are emerging growth areas driven by infrastructure-led development. These neighborhoods are attracting buyers seeking more affordable entry points into Accra's market while still benefiting from urban connectivity and amenities.
Conversely, peripheral districts and rural regions show limited appreciation, with buyer interest and infrastructure investment focused on urban centers. These areas may offer value for buyers seeking affordability but lack the growth potential of urban locations.
What are the rental yields across different cities and property types?
Location/Property Type | Gross Rental Yield | Market Characteristics |
---|---|---|
Accra Prime Apartments | 7-10% | Strongest in East Legon and Spintex |
Cantonments Properties | 7-9% | Most stable yields |
Airport Residential Area | 7-9% | High expat demand |
Ridge Area | 7-9% | Consistent performance |
Short-term Rentals (Airbnb) | Variable | $1,346-$2,147/month for top properties |
National Average | 7-10% | Higher than many global markets |
Secondary Cities | 6-8% | Lower but more stable |
How quickly do properties resell and what appreciation can be expected?
Property resale timelines and appreciation potential vary significantly based on location and market conditions.
Well-priced properties in sought-after areas typically require 3+ months for resale, though this can extend during slower market periods or for overpriced properties. Prime locations like East Legon and Cantonments generally experience faster sales cycles due to consistent demand.
Short-term appreciation expectations for 2025-2026 range from 8-10% annually in prime Accra locations. This reflects continued strong demand and limited supply in the most desirable areas. Secondary cities may see more modest 5-7% annual growth.
Medium-term projections for 2025-2029 suggest 15-20% annual appreciation in the best locations, potentially delivering total gains exceeding 50% over the period. These projections assume continued economic growth and infrastructure development.
Long-term appreciation over 7+ years has historically delivered robust returns, though future performance depends on sustained urban growth, infrastructure investment, and political stability. Buyers should factor in potential market cycles and economic variations when planning long-term investments.
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What are the transaction costs for buying property in Ghana?
Transaction costs in Ghana are relatively transparent and manageable compared to many international markets.
Annual property rates range from 0.5-3% of property value, payable to local municipalities. Stamp duty costs 0.25-1% of the sale price, while new properties incur a 5% VAT plus 1% COVID levy. Capital gains tax is set at 15% on profit from property sales.
Legal fees typically range from 1-3% of the property value, covering due diligence, contract preparation, and transaction oversight. Registration fees range from GHS 500-2,000 depending on property value and location.
Total closing and associated fees typically amount to 5-8% of the property price, though unexpected administrative or legal costs can push this to 10-15%. Buyers should budget accordingly and work with experienced local legal counsel to minimize unexpected expenses.
Foreign investors may face additional compliance costs related to documentation and approval processes, making professional guidance particularly valuable for international buyers.
How stable are Ghana's currency and economy for property investment?
Ghana's economic and currency stability has improved significantly in 2025, creating favorable conditions for property investment.
The Ghanaian cedi has appreciated by 16% year-to-date against the US dollar in 2025, reversing previous depreciation trends and stabilizing the macro environment. This currency strength has boosted investment returns for both local and foreign investors.
Economic growth reached 6.3% GDP in 2024 and continues rising in 2025, supported by strong performance in key sectors including services, agriculture, and mining. This economic expansion supports long-term property value appreciation and rental demand.
However, currency risk remains a consideration for long-term investors. While the current cedi strength reduces immediate risk, future weakening could erode foreign-currency-linked returns or resale values for international investors. This risk can be partially mitigated through local currency financing or hedging strategies.
The improved economic fundamentals and currency stability provide a solid foundation for property investment, though investors should maintain awareness of potential future economic cycles and currency fluctuations.
What are the main risks of property ownership in Ghana?
Property ownership in Ghana involves several specific risks that require careful attention and professional guidance.
Land and title disputes represent the most significant risk, requiring thorough due diligence and legal vetting of all property documents. Ghana's land tenure system can be complex, with potential conflicts between customary, statutory, and religious land ownership systems.
Regulatory changes pose another risk, as policy shifts regarding housing development, taxation, or foreign ownership could impact property values. Staying informed about policy developments and working with local legal experts helps mitigate this risk.
Market liquidity can be challenging, with properties taking months to resell, especially during down cycles or in less desirable neighborhoods. Some peripheral areas may have very limited buyer pools, making exit strategies crucial for investors.
Currency fluctuations remain a concern despite recent cedi strength. Future currency weakness could erode returns for foreign investors, particularly those planning to repatriate proceeds in foreign currency. Local financing and hedging strategies can help manage this exposure.
What budget ranges work best for different types of buyers?
Budget requirements vary significantly based on buyer objectives and preferred locations in Ghana's diverse property market.
- First-time homeowners ($50,000-$100,000): This budget works for emerging areas, satellite towns, or smaller properties in secondary cities. Options include apartments in developing areas or houses in towns outside major urban centers.
- Rental income investors ($100,000-$300,000): This range provides access to apartments in Accra's growing neighborhoods with strong rental potential. Two-bedroom apartments in areas like Spintex or emerging districts offer good rental yields.
- Balanced lifestyle buyers ($200,000-$400,000): This budget allows purchase in established areas with good infrastructure while maintaining reasonable entry costs. Options include houses in North Legon or quality apartments in prime areas.
- Luxury buyers ($500,000+): This budget provides access to spacious homes or penthouses in top zones like East Legon, Cantonments, or Airport Residential Area, offering premium lifestyle and strong appreciation potential.
- Commercial investors ($300,000+): Mixed-use properties and commercial spaces in central Accra or emerging business districts require higher budgets but offer diversification benefits.
Which property types are in highest demand right now?
Current market demand shows strong preferences for specific property types driven by demographic and economic trends.
Two-bedroom apartments lead demand from young professionals and expatriates seeking modern amenities and convenient locations. These properties offer the best balance of affordability, rental yield, and liquidity for both owner-occupiers and investors.
Family homes in gated communities are experiencing strong demand from Ghana's growing middle class. These properties offer security, amenities, and community features that appeal to families seeking suburban lifestyle with urban connectivity.
Serviced apartments represent growing demand from business travelers, short-term expatriates, and professionals seeking furnished accommodation. This segment offers higher rental yields but requires more active management.
Future trends point toward increasing appetite for mid-market and upmarket apartments, supported by continued urbanization and infrastructure development. Townhouses and mixed-use developments are also gaining traction as buyers seek modern living concepts.
It's something we develop in our Ghana property pack.

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 areas offer the best balance for living in Ghana?
The best residential areas balance affordability, infrastructure quality, and lifestyle amenities for different buyer preferences.
Adenta, Spintex, and North Legon offer excellent balanced options combining reasonable prices with good amenities and infrastructure. These areas provide urban connectivity while maintaining more affordable entry points than premium locations.
For premium lifestyle seekers, Cantonments, East Legon, and Airport Residential deliver top-tier infrastructure, security, and expatriate amenities. These areas command higher prices but offer the best quality of life and appreciation potential.
Emerging lifestyle districts like Tema Community 25, Ayi Mensah, and Appolonia City represent future-focused options with planned communities and modern amenities. These areas offer growth potential while providing contemporary living environments.
Secondary cities like Kumasi provide lifestyle balance at lower costs, though with reduced urban amenities compared to Accra. These locations work well for buyers prioritizing affordability and a more relaxed pace of life.
Transportation connectivity, security, amenities like schools and healthcare, and community features should guide location selection based on personal lifestyle priorities and budget constraints.
Which neighborhoods and property types are most profitable for rental or resale?
Profitability analysis shows clear winners for investors focused on rental income and capital appreciation.
Cantonments, East Legon, and Airport Residential represent the top neighborhoods for both rental yields and capital appreciation. These areas benefit from consistent expatriate demand, excellent infrastructure, and strong resale markets.
Spintex and Tema Community 25 offer emerging opportunities with strong growth potential at more accessible entry points. These areas are attracting both local and international tenants while showing solid appreciation prospects.
Two-bedroom apartments provide the optimal property type, balancing rental yield, market liquidity, and occupancy rates. These properties appeal to the broadest tenant base while maintaining reasonable purchase prices and management requirements.
Commercial and mixed-use projects in central Accra and commercial nodes in Kumasi offer diversification benefits and potentially higher yields, though they require larger capital commitments and more specialized management.
It's something we develop in our Ghana property pack.
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.
Ghana's property market in 2025 presents compelling opportunities for both investors and residents, with urban areas delivering strong returns and the improving economic environment supporting market growth.
Success in Ghana's property market requires thorough due diligence, professional legal guidance, and careful selection of location and property type based on individual objectives and risk tolerance.
Sources
- Vaal Ghana Property Market Price Analysis
- Ghana Price Forecasts
- Apartment Investment Accra Worth It
- Ghana House Prices 2025
- Ghana Property Centre Market Trends
- Ghana's Economy Reshaping Real Estate
- Rental Property Investment in Ghana
- Ghana Property Taxes
- Title Deed Ghana
- Strengthening of the Cedi Against Major Currencies