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
If you're looking at Kumasi's property market in January 2026, this is a great time to understand what's happening with prices and where they might be heading.
The city is experiencing steady growth thanks to falling inflation, major infrastructure projects, and strong demand from a growing population.
We update this article regularly to give you the freshest data on housing prices in Kumasi.
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 Kumasi.
Insights
- Kumasi house prices rose about 14% in 2025, but with Ghana's inflation now at 6.3%, most of that gain represents real value growth rather than just currency effects.
- The Bank of Ghana slashed interest rates by 1,000 basis points in 2025, bringing the benchmark to 18%, which should gradually make mortgages more accessible in Kumasi.
- Kumasi's population is growing at roughly 3.4% per year and is expected to reach 4.2 million in 2026, creating constant pressure on housing demand.
- Areas near the upcoming Boankra Inland Port are seeing increased investor interest, with land prices in eastern logistics corridors rising 10 to 15% faster than the city average.
- Townhouses and gated community homes in Kumasi are appreciating faster than other property types because buyers prioritize security and lower maintenance costs.
- The Suame Interchange project, once completed, will cut commute times significantly and is expected to boost property values in nearby neighborhoods like Tafo Pankrono.
- Rental yields in Kumasi's KNUST corridor remain strong at around 7 to 9% because of consistent demand from students and university staff.
- Building costs in Kumasi rose through 2024 and 2025, which means newly built homes are priced higher, supporting overall market values.
What are the current property price trends in Kumasi as of 2026?
What is the average house price in Kumasi as of 2026?
As of early 2026, the average house price in Kumasi is approximately GH₵670,000, which translates to about $64,000 or €59,000 at current exchange rates.
When you look at price per square meter, typical homes in Kumasi range from GH₵4,500 to GH₵6,500 per square meter, or roughly $430 to $620 and €395 to €570, depending on the neighborhood and finish quality.
If you're wondering what most buyers actually pay, the realistic price range that covers about 80% of house purchases in Kumasi falls between GH₵450,000 and GH₵1.2 million, equivalent to $43,000 to $115,000 or €39,500 to €106,000.
How much have property prices increased in Kumasi over the past 12 months?
Property prices in Kumasi increased by approximately 14% over the past 12 months, based on median asking prices moving from around GH₵570,000 in December 2024 to GH₵650,000 by December 2025.
Across different property types, the increases ranged from about 10% for older compound houses to as much as 18% for newer townhouses and apartments in high-demand locations like Ahodwo and Asokwa.
The single most significant factor driving this price movement in Kumasi was the dramatic improvement in Ghana's macroeconomic stability, with inflation falling from 23.5% at the start of 2025 to just 6.3% by November, which boosted buyer confidence considerably.
Which neighborhoods have the fastest rising property prices in Kumasi as of 2026?
As of early 2026, the top three neighborhoods with the fastest rising property prices in Kumasi are Ayeduase near KNUST, Daban close to the airport, and Santasi which offers strong commuter access.
Ayeduase and Kentinkrono are seeing annual price growth of around 15 to 18%, while Daban and airport-area pockets are growing at about 12 to 15%, and Santasi is appreciating at roughly 10 to 14%.
The main demand driver behind these neighborhoods is their combination of improving infrastructure, proximity to major employment centers like KNUST and the airport, and consistent rental demand from students and professionals.
By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Kumasi.
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 property types are increasing faster in value in Kumasi as of 2026?
As of early 2026, property types in Kumasi rank by appreciation rate as follows: townhouses and gated community homes lead, followed by newer apartments, then renovated detached houses, with older compound houses appreciating the slowest.
Townhouses and gated community homes are appreciating at approximately 15 to 20% annually in desirable locations within Kumasi.
The main reason townhouses are outperforming other property types in Kumasi is that buyers are willing to pay a premium for security, manageable maintenance, and the "move-in ready" convenience that these properties offer in a market where borrowing remains expensive.
Finally, if you're interested in a specific property type, you will find our latest analyses here:
What is driving property prices up or down in Kumasi as of 2026?
As of early 2026, the top three factors driving property prices in Kumasi are Ghana's rapid macroeconomic stabilization, rising building and construction costs, and sustained population growth that keeps housing demand strong.
The single factor with the strongest upward pressure on Kumasi property prices is the dramatic fall in inflation from over 23% to 6.3%, which has restored buyer confidence and made real estate a more attractive store of value.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Kumasi here.
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What is the property price forecast for Kumasi in 2026?
How much are property prices expected to increase in Kumasi in 2026?
As of early 2026, property prices in Kumasi are expected to increase by approximately 6 to 10% over the course of the year.
The realistic range of forecasts from different analysts for Kumasi spans from a conservative 5% growth scenario to an optimistic 12%, depending on how quickly credit conditions improve and whether infrastructure projects stay on schedule.
The main assumption underlying most price forecasts for Kumasi is that Ghana's inflation will remain within the Bank of Ghana's target band of 6 to 10% and that the cedi will stay relatively stable against the dollar.
We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Kumasi.
Which neighborhoods will see the highest price growth in Kumasi in 2026?
As of early 2026, the top neighborhoods expected to see the highest price growth in Kumasi are Ayeduase and Kentinkrono in the KNUST corridor, Daban near the airport, and Asokwa which offers central accessibility.
These top neighborhoods in Kumasi are projected to see price growth of 10 to 15% in 2026, outpacing the citywide average of 6 to 10%.
The primary catalyst driving expected growth in these neighborhoods is a combination of improving road infrastructure, proximity to major institutions and commercial centers, and deep tenant demand that supports both resale values and rental income.
One emerging neighborhood in Kumasi that could surprise with higher-than-expected growth is Suame and its adjacent areas, especially if the Suame Interchange project progresses faster than anticipated, significantly reducing commute times.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Kumasi.
What property types will appreciate the most in Kumasi in 2026?
As of early 2026, the property type expected to appreciate the most in Kumasi is townhouses and gated community homes, followed closely by well-located apartments in newer developments.
The projected appreciation for townhouses and gated community homes in Kumasi is approximately 12 to 18% for the year, assuming continued buyer preference for security and convenience.
The main demand trend driving appreciation for this property type in Kumasi is that buyers with limited access to affordable mortgages are prioritizing properties that require less ongoing maintenance and offer better security, which townhouses deliver well.
On the other hand, older compound houses are expected to underperform in Kumasi because their value depends more on underlying land than the structure itself, and they often require significant renovation to attract modern buyers or tenants.
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.
How will interest rates affect property prices in Kumasi in 2026?
As of early 2026, the impact of current interest rate trends on property prices in Kumasi is moderately positive, as lower rates are gradually making borrowing more accessible, though mortgage APRs remain high enough to keep the market predominantly cash-driven.
The Bank of Ghana's benchmark rate now stands at 18% after cumulative cuts of 1,000 basis points in 2025, and mortgage rates are expected to ease further throughout 2026, though they will likely remain above 20% APR for most borrowers.
In Kumasi, a 1% change in interest rates typically affects property affordability by shifting the pool of qualified buyers, but since most transactions are still cash-based, the effect on prices is more gradual than you might see in mortgage-heavy markets.
You can also read our latest update about mortgage and interest rates in Ghana.
What are the biggest risks for property prices in Kumasi in 2026?
As of early 2026, the three biggest risks for property prices in Kumasi are a potential foreign exchange or inflation shock, borrowing costs staying expensive longer than expected, and delays to major infrastructure projects like the Suame Interchange or Boankra Inland Port.
The single risk with the highest probability of materializing in Kumasi is infrastructure project delays, which could slow the anticipated price gains in neighborhoods that are banking on improved connectivity and logistics access.
We actually cover all these risks and their likelihoods in our pack about the real estate market in Kumasi.
Is it a good time to buy a rental property in Kumasi in 2026?
As of early 2026, it is generally a good time to buy a rental property in Kumasi if you target neighborhoods with deep tenant demand like Ayeduase, Asokwa, or Santasi, where consistent rental income and moderate price appreciation are achievable.
The strongest argument in favor of buying a rental property now in Kumasi is that high borrowing costs are keeping many potential buyers in the rental market, which supports occupancy rates and rental yields, especially near KNUST and major employment hubs.
On the other hand, the strongest argument for waiting is that if interest rates continue falling through 2026, property prices might rise faster later in the year, but you could also benefit from better financing terms if you wait.
If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Kumasi.
You'll also find a dedicated document about this specific question in our pack about real estate in Kumasi.
Buying real estate in Kumasi 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.
Where will property prices be in 5 years in Kumasi?
What is the 5-year property price forecast for Kumasi as of 2026?
As of early 2026, cumulative property price growth in Kumasi over the next 5 years is expected to be in the range of 35 to 55%.
The range of 5-year forecasts spans from a conservative scenario of about 30% cumulative growth to an optimistic scenario of around 60%, depending on macroeconomic stability and infrastructure delivery.
This translates to a projected average annual appreciation rate of roughly 6 to 9% per year over the next 5 years in Kumasi.
The key assumption most forecasters rely on for their 5-year property price predictions in Kumasi is that Ghana will maintain inflation within its target band and that urbanization and population growth will continue to drive housing demand steadily upward.
Which areas in Kumasi will have the best price growth over the next 5 years?
The top three areas in Kumasi expected to have the best price growth over the next 5 years are the Boankra logistics corridor to the east, the KNUST growth belt including Ayeduase and Kentinkrono, and mobility-upside corridors near Suame and airport-linked routes.
The projected 5-year cumulative price growth for these top-performing areas in Kumasi ranges from 50 to 70%, assuming infrastructure projects are completed on schedule and demand continues to concentrate in these locations.
This differs slightly from the shorter 2026 forecast because over 5 years, infrastructure catalysts like Boankra Inland Port have more time to materialize and reshape demand patterns, benefiting areas that may not yet be top performers today.
The currently undervalued area in Kumasi with the best potential for outperformance over 5 years is the eastern corridor near Boankra, where logistics growth could create substantial worker housing demand that has not yet been priced into the market.
What property type will give the best return in Kumasi over 5 years as of 2026?
As of early 2026, the property type expected to give the best total return over 5 years in Kumasi is mid-market 2 to 3 bedroom houses or townhouses in high-demand corridors, which balance appreciation potential with strong rental income.
The projected 5-year total return for this property type in Kumasi, including both appreciation and rental income, is approximately 70 to 100%, assuming consistent occupancy and moderate price growth.
The main structural trend favoring this property type over the next 5 years in Kumasi is that borrowing constraints will keep many households renting longer, supporting rental demand, while the scarcity of well-located, manageable homes keeps resale values firm.
For investors seeking a balance of return and lower risk over 5 years in Kumasi, well-located apartments near KNUST or major roads offer a more affordable entry point with consistent tenant demand, even if appreciation is slightly slower than for houses.
How will new infrastructure projects affect property prices in Kumasi over 5 years?
The top three major infrastructure projects expected to impact property prices in Kumasi over the next 5 years are the Boankra Inland Port, the Kejetia Market Phase II expansion, and the Suame Interchange road project.
Properties near completed infrastructure projects in Kumasi typically command a price premium of 10 to 20% compared to similar properties farther away, based on patterns observed after past road and market upgrades.
The specific neighborhoods that will benefit most from these infrastructure developments in Kumasi include the eastern corridor near Boankra, central areas near Kejetia like Adum and Asafo, and the Suame-Tafo Pankrono axis where commute times will improve significantly.
How will population growth and other factors impact property values in Kumasi in 5 years?
Kumasi's population is projected to grow by roughly 3 to 4% annually, reaching approximately 4.7 million by 2031, which will create sustained baseline demand for housing and support property values across most neighborhoods.
The demographic shift that will have the strongest influence on property demand in Kumasi is the growth of young working-age households seeking affordable, well-located housing near jobs and educational institutions.
Migration patterns, particularly rural-to-urban movement from across the Ashanti region and neighboring areas, are expected to continue adding 50,000 or more people to Kumasi annually, concentrated in affordable and mid-market housing segments.
The property types and areas that will benefit most from these demographic trends in Kumasi are 2 to 3 bedroom houses and apartments in commuter-friendly neighborhoods like Santasi, Asokwa, and the KNUST corridor, where young families and professionals cluster.
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 is the 10 year property price outlook in Kumasi?
What is the 10-year property price prediction for Kumasi as of 2026?
As of early 2026, cumulative property price growth in Kumasi over the next 10 years is expected to be in the range of 80 to 140%.
The range of 10-year forecasts spans from a conservative scenario of about 70% cumulative growth to an optimistic scenario of around 160%, reflecting the wider uncertainty over a decade-long horizon.
This translates to a projected average annual appreciation rate of roughly 6 to 9% per year over the next 10 years in Kumasi, consistent with the 5-year outlook but with more variability.
The biggest uncertainty factor in making 10-year property price predictions for Kumasi is whether Ghana can sustain macroeconomic stability and whether credit markets will deepen enough to bring mortgage financing into the mainstream for middle-class buyers.
What long-term economic factors will shape property prices in Kumasi?
The top three long-term economic factors that will shape property prices in Kumasi over the next decade are sustained macroeconomic stability including low inflation, the depth of credit and mortgage market development, and Kumasi's role in Ghana's logistics and trade network via projects like Boankra.
The single long-term economic factor that will have the most positive impact on property values in Kumasi is credit deepening, because if mortgages become truly accessible to middle-class buyers, demand could surge significantly beyond what cash-only transactions currently support.
On the other hand, the single long-term economic factor that poses the greatest structural risk to property values in Kumasi is the possibility of renewed inflation or currency instability, which would erode buyer confidence and raise construction costs unpredictably.
You'll also find a much more detailed analysis in our pack about real estate in Kumasi.
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 Kumasi, 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 national statistics agency for inflation and economic data. | We used GSS data to anchor inflation trends and understand how nominal price changes translate into real value. We also referenced their building cost index for construction cost pressures. |
| Bank of Ghana | Ghana's central bank and the reference for interest rates and credit conditions. | We used Bank of Ghana policy rate decisions and APR publications to explain mortgage affordability. We tracked how rate cuts in 2025 affect buyer behavior in Kumasi. |
| IMF (International Monetary Fund) | Top-tier global institution with detailed Ghana program reviews and forecasts. | We used IMF reports for inflation path projections and macroeconomic risk assessments. We incorporated their stability assumptions into our price forecasts. |
| Ghana Property Centre | Leading property portal with transparent listing-based median prices for Kumasi. | We used their monthly median price data as our core Kumasi price trend proxy. We tracked changes over 12 months to calculate year-on-year growth. |
| Private Property Ghana | Major listing portal with verified agent listings for cross-checking prices. | We used this as a second lens on supply, pricing bands, and property types in Kumasi. We sanity-checked Ghana Property Centre medians against listings here. |
| World Bank | Provides standardized, internationally comparable demographic indicators. | We used World Bank urbanization data to explain structural demand pressure. We combined it with local demand anchors to project where housing demand concentrates. |
| Ghana Investment Promotion Centre (GIPC) | Government agency compiling sector evidence and investment context. | We used GIPC reports for real estate sector structure and investment trends. We cross-checked their narratives against current macro conditions. |
| Graphic Online | Leading national newspaper with on-the-ground business reporting. | We used Graphic Online for Boankra Inland Port progress updates. We incorporated infrastructure timelines into our 5-year growth corridor reasoning. |
| The Business & Financial Times | Major Ghana business outlet citing project stakeholders directly. | We used B&FT reporting on Boankra to support our infrastructure catalyst narrative. We translated logistics growth into housing demand implications. |
| Asaase Radio | Provides detailed project scope and timeline claims from city leadership. | We used their reporting on Kejetia Market Phase II to explain central Kumasi upgrade impacts. We connected market expansion to nearby rental demand. |
| MyJoyOnline | Major national outlet that quotes government and agency sources directly. | We used MyJoyOnline for Suame Interchange updates as a mobility driver. We folded road progress into neighborhood outperformance analysis. |
| World Population Review | Compiles UN population projections in an accessible format. | We used their Kumasi population estimates to ground our demand projections. We paired population growth with housing supply constraints for long-horizon scenarios. |
| MacroTrends | Provides historical and projected metro population data with clear methodology. | We used MacroTrends to verify population growth rates for Kumasi. We cross-referenced their figures with Ghana Statistical Service projections. |
| Trading Economics | Aggregates official economic data with clear sourcing and historical series. | We used Trading Economics for real-time inflation and interest rate tracking. We verified Bank of Ghana policy decisions through their data feeds. |
| Fitch Solutions | Professional research firm providing macro forecasts and market analysis. | We referenced Fitch forecasts for inflation and rate trajectory in 2026. We incorporated their construction sector growth projections into our analysis. |
| News Ghana | Covers economic developments and infrastructure progress across Ghana. | We used News Ghana for updates on macro stability entering 2026. We incorporated their reporting on cedi stability and inflation trends. |
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If you want to go deeper, you can read the following: