When VAAL Ghana first started advising clients on Accra property investments three years ago, the conversation was quite different. Back then, the market was still navigating post-COVID uncertainties. Fast-forward to 2025, and Ghana’s real estate market is delivering an impressive 8.2% annual price growth, making it one of Africa’s most compelling investment destinations.
Having personally toured dozens of developments across Accra and witnessed the transformation firsthand, our team has identified five neighbourhoods to buy property that consistently outperform the market. Here’s where savvy investors are placing their bets, and why.
East Legon: The Sweet Spot for Returns
East Legon has become our go-to recommendation for first-time investors in Ghana. Why? The numbers speak volumes. Properties here generate 9-10% rental yields, significantly outpacing London’s average of 3-4%.
Recent market analysis shows a two-bedroom apartment near the A&C Shopping Mall fetching $1,800 monthly. What’s particularly impressive isn’t just the rental income, but the waiting list of potential tenants. Young professionals working for multinationals like Telecel and Standard Chartered queue up for quality properties here.
The infrastructure tells the story of future growth. East Legon boasts excellent road networks, reliable utilities, and proximity to international schools. The Spintex Road improvements will further reduce commute times to the airport, making this neighbourhood even more attractive.
Airport Residential Area: Corporate Gold Mine
If East Legon is the sweet spot, Airport Residential Area is the premium play. The area’s strategic location near Kotoka International Airport makes it ideal for frequent travellers and business professionals.
During recent property tours, expatriate managers consistently cite the five-minute airport access as invaluable, especially for frequent business travel to cities like Lagos. Studios and one-bedroom apartments can fetch $1,000 to $2,000 monthly rents, with virtually no vacancy periods.
The presence of multiple embassies creates a unique tenant base. These diplomatic staff often sign three-year leases with government-backed guarantees, the kind of stability every landlord dreams of.
Cantonments: Prestige Meets Performance
Cantonments represent Accra’s diplomatic quarter, where exclusivity commands premium prices. This prestigious neighbourhood hosts embassies, international schools, and luxury complexes, creating an ecosystem that appeals to high-net-worth individuals.
Whilst rental yields hover around 7-8%, lower than East Legon, the tenant quality is unmatched. The consistent rental demand from expatriates and global professionals drives policy preferences for secure, high-end zones.
Property viewings consistently reveal that diplomatic residents value the security and proximity to embassies, making them willing to pay premiums. That sentiment captures Cantonments perfectly—investors pay for peace of mind alongside profit.
Ridge: The Business District Advantage
Ridge offers something unique: a blend of residential and commercial opportunities. The area serves as both a residential haven and a business hub, creating diversified income streams for investors.
What makes Ridge particularly attractive is its accessibility. Properties here cost roughly 30% less than in Cantonments, whilst maintaining strong rental demand from professionals working in nearby offices. The World Bank building alone houses hundreds of potential tenants.
The mixed-use nature provides downside protection too. Even if residential demand softens, the commercial component maintains property values.
Tema Community 25: The Emerging Powerhouse
This area presents the biggest opportunity for value investors. Tema Community 25 boasts impressive statistics: occupancy rates exceeding 90% and average annual property value appreciation of 8-10%.
The area benefits enormously from its proximity to Tema Port, Ghana’s economic gateway that handles 80% of the country’s import/export trade. The ongoing port expansion will create thousands of jobs, driving housing demand.
The Accra-Tema Motorway expansion project will slash commute times to central Accra, making Tema Community 25 increasingly attractive to professionals seeking value.
Infrastructure: The Rising Tide
What underpins all these opportunities is Ghana’s infrastructure transformation. Major ongoing projects include transport network improvements and urban development initiatives that will benefit property values across the board.
The planned Ghana SkyTrain and improved road networks will enhance connectivity, whilst utility upgrades ensure reliable power and water—critical factors for maintaining premium rents.
Making Your Move
Property prices are projected to rise in Accra throughout 2025, making timing crucial. Based on VAAL Ghana’s experience guiding over 200 investment decisions, we recommend starting with Airport Residential for new investors seeking immediate yields.
Remember, successful property investment in Ghana requires local expertise and thorough due diligence. The legal landscape, whilst transparent, has nuances that foreign investors must navigate carefully.
Ready to explore these opportunities? The Accra property market rewards prepared investors who act decisively. As Ghana’s economy stabilises and infrastructure projects are completed, today’s investment decisions will determine tomorrow’s wealth creation.
Frequently Asked Questions
1. Can foreigners buy property in Ghana?
Yes, there are no restrictions on foreign property ownership in Ghana, making it one of Africa’s most investor-friendly markets.
2. What are typical rental yields in Accra?
Rental yields range from 7-11% depending on location and property type, with Ridge and Airport Residential Area offering the highest returns.
3. How much should investors budget for legal fees?
Legal fees typically cost 1.5% of the purchase price plus VAT, payable to the vendor’s lawyer upon signing agreements.
4. Which neighbourhood offers the best value for money?
Tema Community 25 currently offers the best value proposition with 10%+ yields and strong appreciation potential due to infrastructure development.
5. What’s the minimum investment required?
Quality apartments start from around $150,000 in emerging areas like Ridge, whilst premium locations like Cantonments require $300,000+.
Ready to secure high-return property in one of Accra’s top neighbourhoods? Contact VAAL Ghana’s real estate experts today for personalised advice and exclusive access to the best investment opportunities in 2025.