1. Types of Properties for Sale in Accra, Ghana
2. Houses for Sale in Accra, Ghana
3. Luxury Houses for Sale in Accra, Ghana
4. Affordable Houses for Sale in Accra, Ghana
5. Luxury Apartments for Sale in Accra, Ghana
6. Where to find houses for sale and for rent ?
7. Can foreigners buy property in Ghana?
8. How long can foreigners own land in Ghana?
9. What are the top real estate investment cities in Ghana?

 

Accra, the capital city of Ghana, like any other capital city is a bustling metropolis with a rich Ghanaian cultural heritage and a thriving economy and hub for businesses. It is home to some of the most beautiful beaches in West Africa and attracts thousands of tourists every year. In recent years, the real estate market in Accra has experienced tremendous growth  and has become one of the fastest sectors in the country and making it an attractive destination for property investors and buyers – both locals and foreigners.

 

If you’re interested in buying or renting property in Accra, you’ve come to the right place. In this guide, i  will provide you with all the information you need to know about houses for sale and property for rent in Greater Accra Region, Ghana.I  will cover everything from the types of properties available to the cost of real estate in Accra and the process of buying or renting a property in Ghana. I will also offer tips on how to navigate the real estate market in Ghana.

Grab your cup of tea and follow me as i explore the different types of properties available for sale and rent in Greater Accra.

 

 

How is the real estate market in Ghana?

Here is an Overview of the Real Estate Market in Accra, Ghana. The real estate market in Accra, Ghana is growing rapidly, with a range of properties available for sale and rent across the city. The demand for housing in the city is high due to the growing population and urbanization. The city’s real estate market is buoyed by the government’s commitment to solve 1.8milion housing deficit we currently facing  and creating a conducive environment for foreign investment.

Read more on: A snapshot of Accra’s residential real estate market in 2022

 

The government has created policies and laws to encourage foreign investors to invest in the country’s real estate market. These policies have made it easier for foreigners to buy and own property in Ghana. In 2013, the Ghana Investment Promotion Center (GIPC) Act 865 was passed, which outlines the requirements and benefits of investing in Ghana. The also act stipulates that foreign investors are permitted to own 100% of a company in Ghana without the need for a local partner. This means that foreign business and  investors can own properties in Ghana without any restrictions whatsoever.

 

What Types of Properties are for Sale in Accra, Ghana?

Greater Accra region  has a wide range of properties for sale, including apartments, townhoueses, houses, commercial properties and land. The prices of these properties vary depending on many factors which include:

• location,
• size,
• amenities,
•  type of property.
• the current condition
• proximity business district or social centers

 

In the next lines i will discuss the types of properties for sale  in Accra Ghana.

Houses for Sale in Accra, Ghana

There are different types of houses available for sale in Accra, Ghana. These include bungalows, duplexes, detached and semi-detached houses, townhomes, villas, and mansions. The cost of houses in Accra varies depending on the location and size of the property. Some of the most popular areas to buy a house in Accra include East Legon, Spintex Road, Cantonments, and Labone. For more on best neighborhoods read: Why are rents so expensive in Ghana, Accra? -villashark.com

 

Luxury Houses for Sale in Accra, Ghana

For those of you looking for luxurious properties, there are a wide range of luxury houses available for sale in Accra. These properties are often situated in prime locations and come with top-of-the-range facilities and amenities such as swimming pools, gyms, and private gardens.

What are the most expensive neighborhoods in Accra?

Some of the most luxurious houses in Accra can be found in Cantonments, East Legon, Airport Residential, Labone, West Legon, Roman Ridge, Part of Osu, Trasacco valley, Dzorwulu and spintex.

 

Affordable Houses for Sale in Accra, Ghana

All pockets are not equal. While there are many luxury properties available for sale in Accra, there are also affordable options for those on a budget. Affordable houses for sale can be found in  areas such as Kasoa, Adenta, and Oyibi. These locations are a bit far away and has traffic issues and properties are often smaller in size but offer good value for money. If you dont mind traffic, it might be the best option for you.

Tips: That said, there are always affordable  properties for sale even in prime locations. Your job is to find a motivated seller who must sell for some personal reasons. That way you can get a deal far below its current market vlaue.

Read also:10 Less Desirable Area to Live in Accra: Avoid at All Cost

Apartments for Sale in Accra, Ghana

There is a wide range of apartments available for sale in Accra, Ghana. These range from studio apartments to penthouses and can be found in different areas of the city. Apartments in Accra are often situated in gated communities and offer facilities such as swimming pools, landscaping, gyms, and 24-hour security amongst others.

Read also:How To Rent A Room In Accra: Houses & Apartments For Rent

Luxury Apartments for Sale in Accra, Ghana

If your dream is to own a  luxurious apartments,or a penthouse apartment, there are many high-end apartments available for sale in Accra. These apartments often offer facilities such as private elevators, swimming pools, and private gardens.  Some of the most luxurious apartments in Accra include Cantonments,  Airport Residential, East Legon, and Dzorwulu.

I have  explored houses for sale and now let’s look at houses for rent in Accra, Ghan.

Where to find Houses and Apartments for Rent in Accra?

•  villasharks
• meqasa

Accra is expensive to rent . No kidding. Most of it has to do with landlords asking 12mounths to 24months advanced payment which is tough for most renters. If you’re looking for more affordable housing options in Accra to rent to navigate this, there are a number of apartments for rent in the city. Some lanlords will accept month to month (MTM) lease agreement. These apartments come in a range of sizes and styles, from studio apartments to larger units with multiple bedrooms. Some of the most popular areas for apartment living in Accra include Osu, Labone, and East Legon just to mention a few.

In addition to renting apartment property in Accra, it’s also possible to rent a home. The rental market in Accra is quite competitive, meaning the demand is higher than the supply. So it’s important to act quickly if you see a property you like to rent. Some popular places to find rental properties is online platforms like villasharks or meqasa. Just keep in mind that rental prices can vary widely depending on the size and location of the property, as well as the amenities it offers.

Read also:Where To Find Properties And Apartments For Sale In Accra?

The Neighborhood Factors

One important factor to consider when looking for a property to rent  in Accra is the location. The Greater Accra region is made up of several districts, each with its own unique characteristics and features. For example, East Legon is a popular area for expatriates and affluent Ghanaians due to its proximity to international schools and amenities, while Osu is known for its vibrant nightlife and entertainment scene. Cantonments for instance is an afluent neighbrohood for the rich, government officials and many diplomatic missions presece and high-end living lifestyle.

 

Can Foreigners Buy Lands In Accra Ghana?

Another common question that often comes up for foreigners looking to invest in Ghanaian real estate is whether or not they can actually own property in the country. The answer is yes – foreigners are allowed to own property in Ghana as mentioned in Ghana investment and promotion centre Act 865, although there are some restrictions on the numnber of years.

How long can a foreigner own land in Ghana?

According to our 1992 constitution, foreigners can’t  be granted a leasehold interest that exceeds fifty (50) years at any one time. Upon expiration of a lease, it can be renewed, and to ensure that future generations do not lose access to the land, the owner of the land specifies in the transfer agreement that the lease is renewable. It is advisable to agree on the renawal terms and rate when you are signing transfer agreements.

Also foreigners are not allowed to own land within 500 meters of the country’s coastline. Additionally, there are limits on the amount of land that can be owned by non-Ghanaians in certain areas. If you’re considering investing in Accra real estate, it’s important to do your research and work with a real estate lawyer  who can guide you through the process.

You might also want to read: 12 STEPS TO BUYING & REGISTERING YOUR FIRST LAND OR HOUSE IN GHANA

 

 

What are the Top Real Estate Investment cities in Ghana?

The most attractive cites in Ghana that are worth considering for real estate investment are as follows:

 

Accra

Undoubtedly, the capital city of Ghana is a first choice when it comes to real estate investment. We all love Accra, every village kid in Ghana want to visit Accra if not move permanently into the city because of employment opportunities. This is due to its status as the nation’s capital, which attracts an unparalleled amount of government developmental projects. Additionally, many companies prefer to locate their headquarters in Accra, leading to a high demand for office spaces and residential apartments.

Read also: 11 BEST CITIES AND TOWNS TO LIVE IN GHANA – WEST AFRICA

Kumasi

Following Accra is Kumasi, also known as the Garden City. As the second-largest city in Ghana and one of the most industrialized city in the country, and  notable destination for real estate investment, you will find houses for sale in Kumasi Ghana to meet your real estate need. It is one of the best places to buy land in Ghana.  Unlike Accra land characterized with litigation, Kumasi land disputes are minimal. Moreover, Kumasi is a well-known tourist location, with the Kumasi zoo receiving approximately 51,000 visitors in 2019.

Read also:The Process of Buying and Registering a House in Ghana

Tema

Situated in the southeastern part of Ghana, Tema offers a combination of industrial and residential properties. It is famous for the Tema motorway, which is the only motorway in Ghana. Additionally, it has one of the two major seaports in the country, making it an essential industrial hub in Ghana. As a result the demand for housing is always in the rise. If you planning to buy a property, you will find houses for sale in Tema Ghana on villasharks.

What is the Cost of Living in Accra Ghana?

Another consideration when looking for a property in Accra is the cost of living. While Ghana is generally considered an affordable country compared to many other African nations, prices can vary significantly depending on the location and type of property. For example, as i mentioned earlier properties in prime areas such as East Legon and Airport City can be quite expensive, while areas like Kasoa and Adenta offer more affordable options.

 

What to Consider Before Purchasing Property in Ghana as a Non-Ghanaian?

 

As a non-Ghanaian, you may invest in Ghana’s real estate industry, but you must be diligent in your dealings. Before making a purchase, it is crucial to determine who owns the land and whether it is mortgaged or owned outright. Understand the history of the land through the documents the seller present to you. You can also obtain more information by requesting a land search from the Lands Commission in the city you are buying in Ghana. Start by requesting a certified copy of an indenture or cadastral plan from the seller to facilitate a successful search. The information gathered from a search will include the location, size, topography, type, rightful owner, whether there is a dispute, and whether residential uses are allowed. Land litigation accounts for majority  of all cases in the Ghanaian Supreme court and high courts, so it is essential to follow all due processes and obtain professional legal advice before purchasing any property. This step will save you years of court battles and reduce the risk of losing money to dishonest real estate agents.

You may want to read:What are the causes of land litigation in Ghana, Accra?

The worst nightmare for a non-Ghanaian is losing capital in a foreign land. Not only in Ghana, in every country, due diligence must be carried out before purchasing property. Another vital step is to conduct a private land survey after completing the search and draw a site plan to verify that the property’s size and boundaries were accurately communicated. Instead of relying on the seller, hire an independent surveyor to eliminate doubt and falsification. This will also reveal whether the land is in a waterway or waterlogged location. Additionally, seek an architect’s view on the land/building to determine if the building, landscaping, or modification can be tailored to meet your vision. You don’t want to miss: 12 STEP BY STEP GUIDE ON HOW TO BUY LAND IN ACCRA, GHANA AS A GHANAIAN OR A FOREIGNER WITHOUT LIGITATIONS

 

 

In conclusion, there are many options available for those looking to buy or rent property in Accra and the Greater Accra region. From affordable apartments to luxury villas, there is something to suit every taste and budget. However, it’s important to do your own research and work with a reputable real estate agent or lawyer to ensure that you make a wise investment and avoid any potential pitfalls. With the right approach, owning property in Accra can be a great way to enjoy all that Ghana has to offer and build wealth for the future.

 

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Are you a foreigner considering investing in Ghana’s real estate market? Or are you a Ghanaian or  African diaspora planning to buy your dream home in Accra, Ghana? We have got you covered and would love to connect and serve you. Buying your dream home in a new development project by a real estate developer gives you flexibility with regard to payment plans to choose from. You don’t have to go through all that stress to get building permits and regulations checked. We have done all the hard work.  Your only job is to own it by reserving your home now. Get in touch with us today, tomorrow might be too late.

Read also: Why do Americans leave their luxurious life and move to Ghana?

 

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Read also: ECO-FRIENDLY HOMES FOR SALE WITH SOLAR IN GHANA

La Margo Villas Neighbourhood Snapshot

Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape excessive noise of Accra. Get in touch  with us to reserve your dream home today right here. Read also: ​The 9 Advantages Of Living In A Gated Community In Accra