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Accra's property market presents compelling opportunities in 2025, with prime apartments averaging $1,400–$2,000 per square meter and rental yields reaching 8–11% in established areas.
The Greater Accra property market has experienced steady growth over the past five years, with emerging neighborhoods showing particularly strong potential for both capital appreciation and rental returns.
If you want to go deeper, you can check our pack of documents related to the real estate market in Ghana, based on reliable facts and data, not opinions or rumors.
Accra's property market offers strong fundamentals with prime apartments averaging $1,400-$2,000/m², rental yields of 8-11%, and emerging areas showing 12%+ yields potential.
Property prices have grown 8-10% in the past year and 20-25% over five years, with infrastructure developments driving growth in areas like Tema Community 25, Adenta, and Atomic Hills.
| Area | Apartment Price/m² | Rental Yield | Growth Potential |
|---|---|---|---|
| Cantonments | $1,400-$2,000 | 8-11% | Stable appreciation |
| East Legon | $1,200-$1,500 | 9-11% | Strong demand |
| Airport Residential | $1,400-$2,000 | 8-10% | Premium location |
| Tema Community 25 | $900-$1,200 | 10-12% | High growth |
| Adenta | $900-$1,200 | 10-12% | Infrastructure boost |
| Ridge | $900-$1,200 | 8-10% | Moderate growth |
| Atomic Hills | $700-$1,000 | 11-13% | Emerging potential |
What's the current average price per square meter for apartments, houses, and land in different parts of Accra?
As of September 2025, Accra's property market shows clear price differentiation across neighborhoods, with premium areas commanding significantly higher rates than emerging districts.
| Property Type | Prime Areas (Cantonments, Airport Residential) | Established Areas (East Legon, Ridge) | Emerging Areas (Adenta, Tema Community 25) |
|---|---|---|---|
| Apartments | $1,400-$2,000/m² | $1,200-$1,500/m² | $900-$1,200/m² |
| Houses | $800-$1,200/m² | $700-$1,000/m² | $500-$700/m² |
| Land | $800-$1,200/m² | $600-$800/m² | $250-$400/m² |
| Suburban Entry-Level | N/A | $500-$700/m² | $300-$500/m² |
| Coastal/Regional Plots | N/A | N/A | $200-$350/m² |
How have property prices in Accra changed in the past 12 months compared to the past 5 years?
The Accra property market has shown consistent upward momentum, with recent growth accelerating due to supply constraints and sustained urban demand.
Over the past 12 months, prime neighborhoods including East Legon, Cantonments, and Airport Residential have experienced price growth of 8-10%. The broader Accra market has mirrored this trend, with similar appreciation rates driven by limited supply and persistent demand from both local buyers and expatriates.
Looking at the five-year trajectory since 2020, prime areas have recorded total appreciation of 20-25%, translating to approximately 5-8% compound annual growth rate. Up-and-coming districts have performed even better, with some areas experiencing faster growth as infrastructure improvements and middle-class expansion drove demand.
This sustained appreciation reflects fundamental market strengths including urbanization trends, infrastructure development, and growing economic activity in Greater Accra.
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What rental yields can you realistically expect by area and property type right now?
Accra's rental market offers attractive yields compared to many international markets, with returns varying significantly by location and property type.
Core city and prime areas including East Legon, Cantonments, Ridge, and Airport Residential typically deliver gross rental yields of 8-11% for both apartments and houses. These established neighborhoods benefit from consistent demand from professionals, expatriates, and affluent Ghanaians.
Emerging areas present even more compelling opportunities, with locations like Tema Community 25, Adenta, and suburban growth corridors offering yields up to 12%. These areas benefit from infrastructure improvements and growing middle-class demand while maintaining lower entry costs.
By property type, townhouses and villas in top neighborhoods typically generate 9-12% yields, while well-maintained apartments cater effectively to the professional and expatriate rental market.
How high is the current rental demand, and what's the short-term outlook for different neighborhoods?
Rental demand remains robust across Accra's property market, with occupancy rates of 90-95% in premium neighborhoods reflecting strong underlying fundamentals.
Premium areas like Cantonments, East Legon, and Airport Residential continue to see high demand from expatriate professionals, diplomatic staff, and affluent locals. These neighborhoods benefit from established amenities, security, and proximity to business districts.
Emerging areas are experiencing significant spillover demand as renters seek value alternatives to premium locations. Suburbs and growth-edge districts particularly benefit from infrastructure expansions and improved connectivity to central Accra.
The short-term outlook remains positive, with steady absorption expected for both new builds and quality existing rental stock. Areas undergoing infrastructure improvements are likely to see the strongest rental demand growth in the next 12-18 months.
What's the average time it takes to resell a property in Accra, and how much appreciation can you expect in 3, 5, and 10 years?
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Property liquidity in Accra varies by location and price point, with established areas offering faster resale times than developing suburbs.
The average time to resell property in established areas is approximately 3+ months, though this can extend longer in developing suburbs or for high-ticket luxury properties. Prime locations with strong fundamentals typically see faster transactions due to consistent buyer interest.
| Time Period | Prime Areas Expected Appreciation | Emerging/Growth Areas Expected Appreciation |
|---|---|---|
| 3 Years | 18-25% | 22-30% |
| 5 Years | 30-40% | 35-45% |
| 10 Years | 60-80% | 80-100% |
| Annual Average | 6-8% | 7-10% |
| Best Growth Corridors | Premium stability | Above-average potential |
Which neighborhoods are considered undervalued today but show signs of strong growth potential?
Several Accra neighborhoods present compelling value propositions, combining current affordability with strong growth catalysts.
Tema Community 25, Adenta, and Oyarifa are gaining significant momentum from new infrastructure developments. These areas offer strong demand for mid-market housing, rental properties, and student accommodation while maintaining relatively affordable entry points.
Atomic Hills, Pokuase, and Ayi Mensah represent emerging opportunities driven by infrastructure investment and improved connectivity. These neighborhoods benefit from affordable entry costs combined with above-average appreciation potential as urban expansion continues.
The common factors driving growth in these areas include planned or ongoing infrastructure improvements, enhanced connectivity to central Accra, growing middle-class demand, and development of commercial amenities.
Investors focusing on these neighborhoods can benefit from both current rental yields and future capital appreciation as infrastructure development transforms accessibility and desirability.
What are the main risks to property values in Accra in the short term versus the long term?
Property investors in Accra face different risk profiles depending on their investment timeline and market positioning.
Short-term risks include economic volatility and currency fluctuation, which can affect property values and rental income for international investors. Temporary supply spikes from overdevelopment in specific neighborhoods could pressure prices, while political uncertainty around elections or policy changes may impact market sentiment.
Long-term risks center on infrastructure sustainability and environmental concerns. Potential infrastructure failures or inadequate maintenance of new developments could affect property values. Environmental issues including flooding in certain areas pose ongoing concerns for property preservation and insurance costs.
Regulatory changes in property ownership laws, taxation, or foreign investment rules represent additional long-term considerations. Potential oversupply risks could emerge if migration to Accra slows or if economic growth fails to support current development levels.
Successful risk mitigation involves careful location selection, thorough due diligence on infrastructure and environmental factors, and diversification across different property types and areas.
How do infrastructure projects and new developments by area affect future property prices?
Infrastructure development serves as the primary driver of property value appreciation in Accra's expanding metropolitan area.
Major projects including improvements to the Accra-Tema Motorway and utilities upgrades directly drive higher property prices and rental yields in connected districts. Neighborhoods adjacent to new roads, transport hubs, and utility improvements benefit most significantly from these developments.
Areas experiencing infrastructure investment typically see immediate rental demand increases as accessibility improves, followed by sustained capital appreciation as the improvements become established. Mixed-use and residential developments further boost both immediate demand and long-term property values.
Specific examples include the ongoing expansion of road networks serving Adenta, Tema Community 25, and eastern suburbs, which has already contributed to above-average price appreciation in these areas.
Smart investors monitor planned infrastructure projects and position in areas likely to benefit before improvements are completed, capturing maximum value from the development process.
What is the minimum and optimal budget to enter the Accra property market depending on whether you plan to live, rent out, or resell?
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Entry budgets for Accra's property market vary significantly based on investment objectives and target locations.
| Investment Objective | Minimum Budget | Optimal Budget | Target Areas |
|---|---|---|---|
| Apartments (Emerging) | $90,000-$120,000 | $150,000-$200,000 | Adenta, Tema Community 25 |
| Apartments (Prime) | $200,000+ | $250,000-$350,000 | Cantonments, East Legon |
| Houses (Suburban) | $150,000+ | $200,000-$300,000 | Atomic Hills, Pokuase |
| Houses (Prime) | $350,000+ | $450,000-$600,000 | Airport Residential, Cantonments |
| Land (Developing) | $50,000-$100,000 | $100,000-$150,000 | Eastern suburbs, Tema |
| Land (Prime) | $300,000+ | $400,000-$600,000 | Central Accra, established areas |
Which property types—apartments, townhouses, single-family homes, or land—make the most sense for each type of buyer today?
Different property types serve distinct investment objectives and buyer profiles in Accra's diverse market.
For owner-occupiers planning to live in the property, apartments, townhouses, and single-family homes work best depending on family size and lifestyle preferences. Two to three-bedroom properties are most popular, offering the best balance of security, amenities, and proximity to schools and business districts.
Buy-to-rent investors should focus on two-bedroom apartments and modern townhouses, which generate the highest rental yields and attract steady demand from professionals and expatriates. These property types offer the optimal combination of rental income potential and tenant appeal.
For buy-to-resell strategies, apartments in established areas and land in growth corridors offer the fastest price appreciation potential. Growth-edge districts provide the highest capital appreciation opportunities, while established locations ensure better liquidity for faster resale when needed.
Land investment works best for longer-term investors comfortable with development risk and patient capital appreciation, particularly in emerging areas with confirmed infrastructure development plans.
It's something we develop in our Ghana property pack.
What are the transaction costs, taxes, and ongoing expenses you need to factor into your budget?
Property investment in Ghana involves various costs and taxes that significantly impact overall returns and should be factored into investment calculations.
| Cost Element | Rate/Amount | Payment Timing | Who Pays |
|---|---|---|---|
| Property Rate (Annual) | 0.5-3% of assessed value | Yearly | Property owner |
| Stamp Duty | 0.25-1% of property value | On transfer | Usually buyer |
| VAT (New Builds) | 5% + 1% COVID levy | On purchase | Buyer |
| Capital Gains Tax | 15% of profit | On resale | Seller |
| Rental Income Tax | 8% residents, 15% non-residents | Quarterly | Property owner |
| Legal Fees | 1-3% of property value | On transaction | Negotiated |
| Registration Fees | GHS 50-800 (~$7-110) | On transaction | Buyer |
If you decide to buy now, what is the best positioning strategy: which area, what property type, and what price range to target?
The optimal investment strategy for 2025 focuses on emerging growth corridors with confirmed infrastructure development while maintaining flexibility for both rental income and capital appreciation.
For location strategy, focus on emerging growth corridors including Tema Community 25, Adenta, and Atomic Hills for maximum capital appreciation potential. These areas benefit from upcoming infrastructure improvements while maintaining affordable entry points. Established hubs like Cantonments and Airport Residential offer rental stability and better liquidity for investors prioritizing income generation.
Property type selection should emphasize two-bedroom apartments or modern townhouses, which provide the best balance for rental returns and resale potential. These properties attract consistent demand from professionals and expatriates while maintaining broad market appeal for eventual resale.
Budget targeting should aim for a minimum $130,000-$250,000 range in top urbanizing areas to ensure quality properties with strong fundamentals. Investors with larger budgets should consider $350,000+ for luxury or trophy assets likely to see outsized price growth as Accra's premium market develops.
The recommended approach combines growth area positioning with property types that serve multiple investment objectives, providing both current income potential and future capital appreciation opportunities.
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.
Accra's property market in 2025 offers compelling opportunities for both investors and owner-occupiers, with strong fundamentals supporting continued growth across multiple neighborhoods and property types.
Success in this market requires careful attention to location selection, infrastructure development timing, and property type alignment with investment objectives, but the underlying demand and growth trends support positive long-term outcomes for well-positioned investments.
Sources
- The AfricanVestor - Apartment Investment Accra Analysis
- The AfricanVestor - Accra Price Forecasts
- The AfricanVestor - Buy Land Ghana Guide
- Vaal Properties - Rental Property Investment Ghana
- Ghana Property Finder - Accra's Fastest Growing Neighbourhoods
- Landmark Homes - Emerging Neighbourhoods Accra
- Fazwaz - Land for Sale Accra
- The AfricanVestor - Ghana Price Forecasts
- Vaal Properties - Top Neighbourhoods Accra
- Statista - Ghana Real Estate Outlook