Ghana's Real Estate Prices: What Buyers And Investors Need To Know -

Ghana’s real estate prices vary greatly according to market demand, property type, and location.

Many residents who have consistently complained about the excessive costs in the nation claim that real estate is extremely pricey.

By the way, this is a summary of real estate prices in Ghana as of the middle of 2025:

Accra: Three- to four-bedroom homes in upscale neighborhoods such Cantonments, Airport Residential, and East Legon range in price from $450,000 to more than $1 million. Because of their exclusivity and close proximity to corporate zones and embassies, certain Cantonments residences can fetch over $1.5 million.

Mid-Range Homes: Prices usually range from $80,000 to $300,000 in areas like Spintex, Adenta, and Dzorwulu.

Affordable Housing: Although homes in developing neighborhoods like Kasoa and Oyibi range in price from $20,000 to $80,000, these communities could have less amenities and need longer commutes.

Kumasi— Three-bedroom houses in neighborhoods like Ahodwo and Patase range in price from $80,000 to $150,000.

Cost-effective Options: Houses in communities like Bantama and Asuoyeboa range in price from $20,000 to $60,000.

Takoradi—Homes in coastal neighborhoods including Chapel Hill and Beach Road range in price from $120,000 to $180,000.

Affordable Homes: Properties in inland communities range in price from $30,000 to $80,000.

Tema— Prices in neighborhoods such as Tema Community 25 range from $50,000 to $150,000.

Affordable Options: Homes in developing neighborhoods like Tema New Town range in price from $20,000 to $50,000.

Factors Influencing Property Prices

Location: Proximity to city centers, business districts, and amenities significantly impacts property values.

Security: Gated communities and areas with enhanced security measures command higher prices.

Infrastructure: Developments like the Accra-Tema Motorway expansion and the Accra-Kumasi Highway enhance connectivity, increasing property demand in adjacent areas.

Economic Factors: Inflation, exchange rates, and interest rates affect construction costs and mortgage affordability. For instance, high lending rates averaging 30.25% in 2024 have impacted home affordability.

Additional Costs When Purchasing Property
Down Payment: Typically ranges from 0% to 20% of the property’s price, depending on the mortgage type.

Legal Fees: Conveyancing and legal services can cost between 3% to 10% of the property’s value.

Stamp Duty: Ranges from 0.25% to 1% of the property’s value.

Agency Fees: Usually about 5% of the property’s price, often negotiated during the sale process.

Inspection and Appraisal Fees: These can add several hundred dollars to the overall cost.

A Look At Excessive Rent Advance Demands In Ghana

The National Housing Policy was introduced by the government with the goal of providing 100,000 affordable housing units a year for ten years. Although there has not been much progress, this project aims to alleviate the housing shortage and increase the number of Ghanaians who can become homeowners.

To successfully traverse the market and guarantee compliance with all legal requirements, it is advised that you speak with local real estate brokers and legal experts if you are thinking about buying property in Ghana.