Top Locations to Buy a House in Accra, Ghana | A 2024 Guide

Accra is the capital and largest city of Ghana, and a popular destination for property investment. The city offers a variety of properties for those seeking to invest in the real estate market. Depending on your budget and preference, you can find attractive properties in different locations in Accra. Here are some of the top locations for property investment in Accra, Ghana, based on the following criteria:

1. Top Locations near the Central Business District of Accra.
2. Top Locations in the fastest Developing Areas of Accra. (Suburban)

Top Locations near the Central Business District of Accra.

These are the areas that are closer to the city center, where most commercial and administrative activities occur. They are suitable for lucrative property investments with highly-priced properties for short-term investment returns. They are also closer to the Kotoka International Airport, which is the country’s premier international airport. These locations are within a roughly 6km radius of the Kotoka International Airport. The areas are also known for their high-rise residential properties and amenities, such as schools, hospitals, shopping malls, and restaurants. Some of the top locations near the Central Business District are:

• • Airport Residential Area: This is an affluent area that offers easy access to the Kotoka International Airport and the Airport City. You can find several high-rise buildings, such as Vodafone Head Office, Marina Mall, Holiday Inn, Villagio Residences, The Signature Residences, One Airport Square and many others. The area also has a well-established road network, making it easily accessible from other parts of Accra. The increasing demand for high-end properties in the Airport Residential Area makes it a lucrative investment destination for short-term investment returns. The median price of a house in this area is 171,000 Euros per bedroom.
  • Cantonments: This is one of the oldest and most sought-after neighborhoods in Accra. You can find many expatriates, diplomats, and affluent Ghanaians. The area has several amenities and landmarks, such as the Police Hospital, the Akai Clinic, the Ghana International School, the Morning Star School, and the Goethe Institut. The area also has a low population density and a serene environment, making it ideal for living or working. The median price of a house in this area is 160,000 Euros per bedroom.
  • Labone: This is a residential and commercial area that offers easy access to the beach and the city center. The area has a mix of modern and traditional properties, as well as a variety of amenities, such as banks, restaurants, and shopping malls. Labone is also close to Osu Oxford Street, one of the most popular and lively streets in Accra. The area is a lucrative investment opportunity for anyone looking for a property in a prime location in Accra. The median price of a house in this area is 160,000 Euros per bedroom.

Top Locations in the fastest Developing Areas of Accra.

These are the areas that are located just on the outskirts of the city, where most of the new and upcoming residential and commercial developments are taking place. They are within a 10-12km radius of the Kotoka International Airport. These areas are also known for their affordable and comfortable housing options, as well as their high potential for growth and appreciation. Properties within these areas offer more spacious properties which enhance the living experience. Some of the top locations in developing areas are:

• • • East Legon Hills: This is a new and emerging residential community that offers spacious, comfortable, and energy-efficient properties, such as luxury apartments, townhouses, and estate houses. The area has become one of the most popular locations in Accra, since 2019, with over 41% of house hunters seeking properties in this area. It is a top sought-after location by Ghanaians living abroad, who seek luxurious and spacious properties with bigger compounds for greens and landscaping. The area also has a good road network, making it easily accessible from other parts of Accra.
    • Oyarifa: A fast-growing suburb that offers a variety of properties for sale and rent, ranging from apartments and townhouses to detached and semi-detached houses. Oyarifa links directly to the Aburi Mountains which is also growing to attract more property investments from diasporans. The area is also close to amenities such as schools, hospitals, malls, and recreational facilities, making it an ideal location for families and professionals.
    • Spintex: This is a long stretch of highway that links the Tetteh Quarshie Interchange to the Tema Motorway. The area has several industries, businesses, and residential developments along the road, making it a busy and vibrant neighborhood. Spintex also has several hangouts, grocery shops, and other points of interest, such as the Junction Mall, the Palace Shopping Mall, and Coco Beach. The area is the second most in-demand location in Accra.

Tip: You should also read the Comprehensive Guide on How to Buy a House in Ghana. 

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