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

Source: Brollghana.com

MAIN AGENTS IN THE REAL ESTATE SECTOR

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

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.

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