Accra, Ghana
Property prices · 2024 · Africa
Property price trend in Accra (2024–2026)
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Accra in 2024?
In Accra, the average price per sqm in the city centre is GHS 5,500, and GHS 3,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Accra in 2024?
A 1-bedroom apartment in Accra rents for approximately GHS 1,800 per month in 2024. A 3-bedroom apartment costs around GHS 3,500/month.
Is it better to buy or rent in Accra?
Buying may offer better long-term value in Accra. The price-to-rent ratio is 9.0x — it would take approximately 9.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 28.50%.
What are mortgage rates in Ghana in 2024?
The average mortgage rate in Ghana is approximately 28.50% as of 2024. With a price-to-rent ratio of 9.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Accra?
The average property price per square metre in Accra city centre is GHS 5,500 in 2024. Outside the centre, expect to pay around GHS 3,200/sqm.