Apartments for sale can be an excellent investment in affordable housing in Ghana, particularly in the dynamic city of Accra. Accra, Ghana’s capital city, is known for its vibrant real estate market and rising demand for affordable housing, making it an appealing investment destination. In this article, we will look at the opportunities and benefits of investing in affordable apartments for sale in Accra, as well as a comparison table of some of the city’s most popular neighbourhoods.
Why Invest in Affordable Apartments for Sale in Accra?
Ghana, and particularly Accra, has seen rapid growth in its real estate sector in recent years. The growing middle class and urbanisation have created a demand for affordable housing options, making apartments for sale in Accra an excellent investment. Here are some advantages of investing in affordable Accra apartments:
Prices: Unlike some other major African cities, Accra has relatively affordable apartment prices, making it accessible to both local and international investors. The average price range for affordable apartments in Accra is $50,000 to $150,000, making it a viable investment option.
High Rental Yields: Accra has a strong rental market, with a high demand for affordable rental properties. Rental yields can be expected to be attractive, ranging from 7% to 10% depending on the location and type of property.
Capital Appreciation: While affordable apartments may have lower initial prices, they can still offer the potential for capital appreciation over time. As Accra continues to grow and develop, property values are likely to rise, providing investors with potential capital gains.
Diversification: For investors looking to diversify their investment portfolio, investing in affordable apartments in Accra can be a good diversification strategy. Real estate is a tangible asset that can provide a hedge against inflation and market volatility, making it a trustworthy investment option.
Urbanization and Population Growth: Rapid Urbanization and Population Growth: Accra is experiencing rapid urbanisation and population growth, which is driving up demand for affordable housing. As demand for affordable apartments is expected to rise in the coming years, this represents a significant investment opportunity.
Comparison Table of Affordable Apartments for Sale in Accra
| Location | Description | Average Price Range (USD) | Rental Yield | Amenities | Accessibility |
|---|---|---|---|---|---|
|
Kwabenya |
Upcoming residential area with affordable apartments |
$50,000 - $120,000 |
7% - 8% |
Basic amenities like 24/7 security and backup power supply |
Proximity to schools, markets, and public transport |
|
Teshie |
Suburban residential area with affordable apartments |
$60,000 - $130,000 |
8% - 9% |
Basic amenities like 24/7 security and backup power supply |
Close to beaches, markets, and public transport |
|
Dawhenya |
Emerging residential area with affordable apartments |
$70,000 - $140,000 |
7% - 8% |
Basic amenities like 24/7 security and backup power supply |
Proximity to schools, markets, and public transport |
|
Adenta |
Suburban residential area with affordable apartments |
$80,000 - $150,000 |
7% - 8% |
Basic |
Close to shopping malls, schools, and public transport |
|
Madina |
Established residential area with affordable apartments |
$90,000 - $160,000 |
7% - 9% |
Basic amenities like 24/7 security and backup power supply |
Proximity to schools, markets, and public transport |
