Buying real estate in Kumasi?

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10 strong reasons to buy property in Kumasi in 2025

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Authored by the expert who managed and guided the team behind the Ghana Property Pack

buying property foreigner Ghana

Everything you need to know before buying real estate is included in our Ghana Property Pack

Why is Kumasi emerging as a prime location for property investment in 2025? Is it the attractive rental returns, the vibrant cultural scene, or the competitive pricing compared to other African cities? What makes Kumasi a compelling choice for investors?

We often encounter these questions because we are actively engaged with local developers, real estate agents, and investors like you. Given the growing interest in this market, we've decided to compile our insights into a detailed article for everyone's benefit.

Our aim is to present a strong case for investing in Kumasi's real estate market, supported by our firsthand experience and deep market understanding.

If you feel we've overlooked an important aspect or want more information, please reach out to us (we respond very quickly). Your feedback enhances the quality of our content.

Finally, please remember that this is not financial or investment advice. Real estate investment involves inherent risks, and market conditions can change unexpectedly. We strongly recommend conducting thorough research and consulting with a qualified financial advisor before making any investment decisions.

How this content was created 🔎📝

At The Africanvestor, we study the Kumasi real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

Our process started with insights drawn from these conversations and what we observed firsthand. Then, to make our points more solid, we turned to trusted sources like Ghana's Ministry of Roads and Highways, World Bank, and the Ministry of Finance, Ghana (among many others).

We only include reasons to invest that are backed by credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave it out. There’s no point in presenting vague claims or overly optimistic assumptions that don’t hold up to scrutiny. Our goal is to provide you with a reliable and well-researched analysis of why this market is a smart choice for property investment—not just a list of unsupported ideas.

Every source and citation is clearly listed because we believe in transparency and want you to have the tools to dig deeper if you wish (we always encourage you to conduct your own research).

We also use a bit of AI during the writing process. This ensures that our explanations are clear and free from grammar or syntax errors, giving you content that’s easy to read and understand.

To make the information even more engaging, our team has crafted bespoke infographics that aggregate, summarize, and visualize key market trends. These visuals highlight why this market is such a strong investment opportunity. We hope you’ll find them useful! All additional illustrations and media were designed in-house to ensure the highest quality and relevance.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) With urban development projects underway, property values in Kumasi are set to rise

The local government's focus on urban development projects in Kumasi is boosting property value potential.

In 2023, the city allocated significant funds to projects like the Kumasi Road and Drainage Extension Project (KRDEP) and the Sunyani Road project. These initiatives aim to improve urban infrastructure, which is crucial for enhancing property values. By 2023, the KRDEP had made substantial progress, with 98% of the work completed, including the extension of Lake Road and improvements in drainage. These upgrades are essential for better connectivity and urban mobility, making areas more accessible and attractive to potential buyers.

Areas along the Sunyani Road have already seen rising property prices due to recent urban development. This trend mirrors similar cases in other cities, where improved infrastructure and connectivity have led to significant property value appreciation. The increased demand for housing in newly developed areas further boosts property values, driven by improved travel options and access to urban amenities.

The government's announcements of future urban development plans, like the construction of major by-passes on the Accra-Kumasi highway, indicate a continued commitment to enhancing connectivity and property values. Media coverage of these projects highlights their benefits, attracting more attention and investment to the region.

For those considering buying property in Kumasi, these developments are a promising sign. Improved infrastructure not only enhances daily living but also increases the potential for property value growth. As the city continues to invest in urban projects, the real estate market is likely to see further appreciation.

Investors are taking note, as the combination of government support and infrastructure improvements creates a fertile ground for property value growth. With ongoing projects and future plans, Kumasi is becoming a hotspot for real estate investment, offering both immediate and long-term benefits.

Sources: Department of Urban Roads, Ministry of Roads and Highways, Associated Consultants Ltd

2) With Kumasi’s rich cultural heritage, you can easily rent out your property short-term

Kumasi's rich cultural heritage is a major draw for tourists, boosting demand for short-term rentals in the city.

The Kumasi Cultural Festival is a lively annual event that showcases the Ashanti heritage through traditional ceremonies and performances, attracting visitors eager to dive into this unique cultural experience.

International tourist arrivals in Ghana have jumped from 623,523 in 2021 to 1,000,000 in 2023, reflecting a growing interest in cultural tourism. This surge is fueled by the government's "Destination Ghana" initiative, which aims to modernize attractions and improve tourism infrastructure, making Kumasi a hotspot for both cultural and business travelers.

Platforms like Airbnb are riding this wave, with a noticeable increase in short-term rental listings in Kumasi. Tourists are flocking to these rentals, seeking comfortable and convenient accommodations to explore the city's cultural gems.

The economic impact of tourism is substantial, with the sector expected to create nearly 964,000 jobs by 2032, highlighting its crucial role in Kumasi's growth. This boom in tourism is not just about numbers; it's about the vibrant cultural scene that Kumasi offers.

With its rich history and lively festivals, Kumasi is becoming a must-visit destination, drawing in tourists who are eager to experience its cultural richness firsthand.

Sources: Ministry of Finance, Ghana, Oxford Business Group, Ghana Remembers, Airbnb

infographics rental yields citiesKumasi

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.

3) With more people moving in, Kumasi has a steady demand for housing

Kumasi's population is on the rise, creating a strong demand for housing.

In just one year, the population jumped from 3,768,000 in 2023 to 3,903,480 in 2024. This isn't just a blip; it's a trend that's expected to continue, with projections showing 4,810,320 residents by 2031 and 5,337,300 by 2035. This growth is largely fueled by people flocking to the city for job opportunities, thanks to ongoing industrialization.

Many are leaving rural areas behind, drawn by the promise of employment in Kumasi. This migration is a major driver of the city's population boom, which in turn, fuels the demand for more housing. It's not just about jobs, though. The city is also becoming a magnet for students.

With the expansion of educational institutions, Kumasi is attracting a growing number of students, adding to the population surge. As the city cements its status as a regional hub, it's not just people who are moving in; businesses are setting up shop too, boosting the local economy and further increasing the need for residential properties.

All these factors make Kumasi a vibrant place to consider for property investment. The city's growth isn't just about numbers; it's about the opportunities that come with it. Whether you're looking to buy a home or invest in real estate, Kumasi's expanding population and economy offer promising prospects.

Sources: World Population Review, Scientific Research Publishing, Hapa Foundation

4) With better healthcare, Kumasi is a great place for families

Kumasi is becoming a hotspot for families, thanks to its booming healthcare facilities.

In recent years, there's been a surge in healthcare investments in Kumasi, leading to the construction of new hospitals and the upgrade of existing ones. This has significantly boosted the region's healthcare capacity, making it easier for families to access quality medical services.

By 2023, Kumasi Metropolis had 72 healthcare facilities spread across the area. This means families can find medical care without much hassle. The government is also pushing initiatives like the National Health Insurance Scheme, which has seen a notable rise in active membership, ensuring more people have access to healthcare.

The Ministry of Health is not just stopping at infrastructure; they are also enhancing primary healthcare services. This includes preventive measures and the introduction of electronic pharmacy services, which are improving pharmaceutical care in the city.

With these advancements, Kumasi offers a range of healthcare services and specialties, making it an appealing choice for families who want comprehensive medical care. The city's healthcare improvements are a big draw for those considering a move.

Sources: Ministry of Health 2023 Estimates, Kumasi Metropolitan Assembly 2023 Budget, Ministry of Health 2024 Estimates

5) Kumasi’s green spaces and parks make its neighborhoods more desirable

Living near parks can boost property values by up to 32%, especially those next to long greenbelt areas.

Imagine stepping out of your home and having a beautiful park just a short walk away. This convenience makes neighborhoods more attractive to potential buyers. People love the idea of having a slice of nature nearby, offering a perfect spot for morning jogs or weekend picnics.

Besides the scenic beauty, green spaces improve air quality, which is a big plus for anyone looking to buy a home. Cleaner air means a healthier lifestyle, and who wouldn't want that for their family? It's like having a natural air purifier right in your backyard.

Safety is another reason why these areas are in demand. Neighborhoods with parks often see reduced crime rates, making them safer for families. It's comforting to know that your kids can play outside without constant worry.

And let's not forget the mental health perks. Living near parks can reduce stress and boost well-being. Just a stroll through a green space can lift your mood and help you unwind after a long day.

All these factors combined make homes near parks highly desirable. The lifestyle benefits are undeniable, and they add a unique charm to these neighborhoods.

Sources: Anywhereis.re, Jura Review

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buying property foreigner Kumasi

6) Major educational institutions in the area mean you’ll always find demand for student housing

Kumasi's student housing market is booming thanks to major educational institutions like the Kwame Nkrumah University of Science and Technology (KNUST).

Back in 2008, KNUST had around 24,188 students, and by 2012, that number jumped to 31,189. This increase means more students are looking for places to live, creating a steady demand for housing. In 2011, the university couldn't accommodate over 21,000 students, pushing them to find off-campus housing.

In Kumasi, the demand for student housing is particularly high, especially when compared to cities like Tamale. This is evident in the high occupancy rates in student housing areas. The rental market around universities is hot, with properties being snapped up quickly, which naturally drives up rental prices.

One reason for the high rental prices is the scarcity of affordable housing options. The construction costs are high, and many existing properties are in poor condition, making it tough to find budget-friendly places. As KNUST continues to expand its student intake, this demand is only going to grow.

For potential property buyers, investing in student housing near KNUST could be a smart move. The steady influx of students ensures a consistent demand, making it a potentially lucrative opportunity. The presence of major educational institutions like KNUST creates a reliable market for student housing.

With the university's ongoing expansion, the need for student accommodation is expected to rise, offering a promising outlook for investors. The high demand and limited supply make this an attractive market for those looking to invest in real estate.

Sources: AJOL, Columbia University

7) Kumasi’s diverse economy lowers your investment risks compared to single-industry towns

Kumasi's economy thrives on diversity, not just one industry.

Imagine a city where wholesale and retail trading engage a large part of the population, and manufacturing is also a key player. This is Kumasi, where different sectors work together to keep the economy stable. If one industry hits a rough patch, others step in to keep things balanced, making it a safer bet for investors.

In recent years, Kumasi has been expanding its horizons with growth in education and healthcare sectors. The city is home to several universities and colleges, and its healthcare facilities are on the rise. This not only strengthens the local economy but also makes Kumasi more resilient to economic downturns that might hit single-industry towns hard.

For those considering investing in Kumasi, the city's economic landscape offers a unique advantage. Investments here aren't tied to just one industry, reducing the risk of potential losses. This is a significant benefit compared to cities that rely heavily on a single sector.

Moreover, Kumasi's diverse economy means that it can better withstand global economic shifts. Economic shocks that might cripple a single-industry town are less likely to have the same impact here. This makes Kumasi an attractive option for those looking to invest in a stable and growing market.

With its mix of industries and ongoing growth, Kumasi is a city that offers both opportunity and security. The city's economic diversification reduces investment risks associated with single-industry towns.

Sources: MoFEP, Cities Alliance, World Bank

8) Kumasi’s tech boom draws young professionals seeking modern homes

Kumasi's tech industry is booming, drawing in young professionals eager for modern living spaces.

The city is buzzing with startups like Farmerline and MELANIN CONNECT, creating a vibrant tech ecosystem that attracts fresh talent. This growth is a clear sign of a thriving industry.

Government initiatives, such as the Girls in ICT project, have trained thousands in digital skills, fostering a supportive environment for tech growth. This makes Kumasi a hot spot for young professionals seeking tech opportunities.

Adding to the excitement, the Tech in Ghana conference is set to be held in Kumasi in 2025, highlighting the city's importance in the tech landscape.

Media coverage and social media trends are also showcasing Kumasi as a tech hub. Articles from sources like 3News emphasize the city's role in technological innovation, while tech professionals express excitement about the opportunities available.

This media attention and positive testimonials from tech workers relocating to Kumasi further enhance its appeal.

Sources: The Business & Financial Times, StartupBlink, 3News

statistics infographics real estate market 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.

9) Kumasi’s stable political environment offers a secure climate for your investment

Ghana is often celebrated as a model of stable democracy in Africa.

Since 1992, the country has been known for its democratic strength, largely due to its history of peaceful power transitions. A notable example is the 2000 presidential election, where an opposition candidate's victory marked a significant milestone in Ghana's democratic journey.

In early 2024, the World Bank and IMF showed their confidence in Ghana by approving substantial aid loans. This financial backing highlights the country's dedication to stable economic policies, which is essential for a secure investment environment.

Investors are particularly interested in Kumasi, thanks to its political stability in a region that often faces turbulence. The government's initiatives to attract foreign investment further enhance Kumasi's appeal as an investment destination.

Ghana's stable political environment provides a secure climate for investment, making it a standout choice for those looking to invest in the region.

With a track record of peaceful transitions and strong economic policies, Ghana continues to be a beacon of stability, offering unique opportunities for investors in Kumasi and beyond.

Sources: CNBC Africa, BTI Project

10) Kumasi’s lively arts and crafts scene enhances the cultural appeal of its neighborhoods

Kumasi's arts and crafts scene brings cultural value to its neighborhoods.

Living near landmarks like the Manhyia Palace and the Kumasi Cultural Centre can boost property values. These sites are not just historical; they shape the city's cultural identity, making nearby homes more appealing.

Being close to cultural hubs like the Kumasi Cultural Centre and the National Museum of Ghana means higher housing demand. Both locals and tourists flock to these areas, creating a lively community vibe that draws more people to live and invest there.

Kumasi's bustling markets, especially the Kejetia Market, pull in crowds. This foot traffic is a boon for local businesses, including those selling crafts and traditional items, enhancing the charm of residential areas with easy access to shopping and culture.

Local businesses thrive thanks to the steady stream of visitors, which in turn makes the neighborhoods more attractive. The success of these businesses offers residents convenient shopping and rich cultural experiences.

In Kumasi, the arts and crafts scene isn't just about aesthetics; it's a driving force behind the city's vibrant community life and real estate appeal.

Sources: Trip.com, Our Local Tour

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.