More than 60 years ago, Ghana was known as the British colony of the "Gold Coast". The country received this name due to its huge gold reserves. After gaining independence, the Ghanaian government does not stand still, but invests money in the development of the real estate sector. This, coupled with the spread of English in the country, makes it possible for foreigners to purchase real estate in Ghana from a developer, without bureaucracy and the need to hire a translator.
Features of New Buildings in Ghana
New housing in Ghana is distinguished by its adaptation to local climate and cultural features. Developers actively use environmentally friendly materials, such as pressed bricks from local soils, and introduce ventilation systems that minimize dependence on air conditioning in tropical climates.
Benefits of new housing in Ghana:
- Flexible layouts. Apartments and houses are designed to meet the needs of large families with the possibility of combining rooms.
- Related infrastructure. Residential complexes are built near schools, markets, clinics and include guarded parking lots.
- Access to installment plans. Developers are offering interest-free payment plans for new builds in Ghana for 12-36 months.
- Legal transparency. Ghanaian law makes it easy for foreigners to buy property. Unlike secondary real estate, fraud and improper execution of transactions on the primary market are rare.
Cost of New Housing in Ghana
Prices for new buildings in Ghana remain competitive with other African markets such as Nigeria and Kenya. The main factor influencing prices is location, with properties in the Accra metropolitan area and on the coast more expensive than those in the interior.
Average prices for new buildings in Ghana:
|
Property type |
Average area (m²) | Average price per m² ($) | Approximate cost of the object ($) |
| Studio apartment | 25–35 | 1200–1800 | 30,000–63,000 |
| One-room apartment | 40–60 | 1400–2000 | 56,000–120,000 |
| Two-room apartment | 60–80 | 1600–2200 | 96,000–176,000 |
| Three-room apartment | 80–100 | 1800–2500 | 144,000–250,000 |
| Townhouse | 100–160 | 1500–2000 | 150,000–320,000 |
| Premium Villa | 200–350 | 2200–3500 | 440,000–1,225,000 |
Popular Cities for Purchasing Real Estate from a Developer in Ghana
Ghana offers several cities where new housing is in demand, with the largest number of new projects being built in Accra, the country’s economic and cultural hub. New developments in the East Legon, Cantonments and Airport Residential Area areas average $2,000–3,500 m² and are in demand for rentals.
Another important city is Tema. This is a port city 30 km from Accra with a promising primary housing market, thanks to the free economic zone established by the country's authorities. New buildings here are cheaper - $ 1200-2000 per m². The city is suitable for buying housing for long-term lease for port workers and logistics companies.
The cultural capital of the Ashanti region and the second largest city in Ghana, Kumasi. New developments in the Ahodwo and Nhyiaeso areas are aimed at the middle class, with prices ranging from $1,000 to $1,800 per m². The market is stable thanks to local entrepreneurs and students.
Takoradi is an oil hub in the southwest. Beachfront villas and apartments in the Beach Road and Sekondi areas are popular with expats. Prices range from $1,800 to $3,000 per square meter, but tourism is weak.
Cape Coast, and specifically its historical part, is popular with tourists. Construction of new objects is lower than in the capital, but gradually gaining momentum, due to which prices remain in the range of $ 800-1500 per m², but soon a significant increase in prices of 10-35% is expected, especially for coastal objects.
