Rent

The Rental market in Accra is relatively large with 37.5% of all households renting (only 22% for Ghana as a whole). Only about 40.4% of households in Accra claim ownership of their houses (57.4% for Ghana), while another 20.5% live rent-free (19.5% for Ghana). The remaining 1.6% of housing is employer-provided (4.5% for Ghana). 

In residential areas like East Legon, Airport Hills and Spintex, an average asking price of US$200,000 (GHS840,000) is demanded for a 3-4 bedroom house, on a standard plot. 

The average price of a house in Kumasi and Sekondi-Takoradi, stand at US$60,000 (GHS252,000) currently, while Cape Coast and Koforidua have relatively less expensive houses in Ghana, at an average of US$40,000 (GHS168,000). 

Foreigners can acquire land for various development activities, for leasehold of 49 years, at the following price ranges (depending on location).

  • Residential -----------------------  US$ 5,000 to US$ 150,000 (100’ x 70’)
  • Industrial Land ------------------  US$ 30,000 to US$ 150,000 per acre
  • Farm Land ------------------------ US$ 35.00 to US$ 50.00 per month

OFFICE RENT

MARKET INDICATORS

RETAIL(PRIME SPACE)

 

(50m2-200m2)

OFFICES

INDUSTRIAL

A

grade

B grade

C grade

Average Net Asking rent

US$40-US$70

US$30-US$35

US$18-US$25

US$12-US$15

US$4-US$7

Average Vacancy Rate (%)

20%

25%

25%

15%

35%

Average Yield (%)

8%-9%

8.5%

10%

13%

9%

Source: Brollghana.com

 

MAIN AGENTS IN THE REAL ESTATE SECTOR

Some property mangers operating in the commercial properties space in Ghana.

Property Developers

Manet Group

Regimanuel Gray Ltd

Devtraco Ltd

Clifton Homes

NTHC

Properties Ltd

Civil Engineering & Construction

Taysec Construction

Micheletti& Co. Ltd

De Simone Ltd.

Consar

Trasaaco Group

Design/ Architecture

Key Architectural Company

Architectural & Engineering Services Ltd

Ecobuild Consult Ltd

 

 

Property Management

Broll Ghana Ltd

Sirius Properties

Stellar Properties

Cushman & Wakefield Excellerate

 

Mortgage/ Finance Companies

GHL Bank

HFC Bank

CAL Bank

Stanbic Bank

Fidelity Bank

Property Rentals

Isaac Anthony Homes

Gold Key Properties

Regus Ghana

 

 

Land Sale Agents

Castle Gate Estate

KAS Estate Ghana

 

 

 

Online Sites

Jumia House

MeQasa.com

GhanaFind.com

OLX.com

Tonaton.com

Source: GIPC

RESIDENTIAL ACCOMMODATION

  • Average annual rent for expatriates three-bedroom homes ranges from US$ 45,00 to US$ 60,000
  • Rents in the Western port town of Takoradi average US$ 5,000 per month, according to data compiled by Broll. Two bedroom facility ranges between GHC250 to GHC 500 per month on the average.
  • Rents in Accra, the capital ranges from US$ 300-$ 1500 per month for a two bedroom house depending on the location.
  • For house prices the price of a two unit bedroom house with kitchen and washroom range averagely about U$D 50,000(Note prices could be less or more than.