Global Property Guide

Financial Information for Residential Property Buyers


Ghana yields are moderate at 6% - 8%

Last Updated: November 14, 2005

Last Updated: Nov. 14, 2005
ACCRA COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
100 sq. m. 70,000 400 6.86% 700 4.00
200 sq. m. 150,000 750 6.00% 750 3.80
250 sq. m. 175,000 1,000 6.86% 700 4.00
300 sq. m. 220,000 1,400 7.64% 733 4.70
350 sq. m. 260,000 1,700 7.85% 743 4.90
400 sq. m. 300,000 2,000 8.00% 750 5.00
600+sq. m. 420,000 2,500 7.14% 700 4.20
Source: Global Property Guide

A 200 sq. m house would cost about US$150,000 (GHC1.43 billion), and would rent for around US$750 (GHC.2 million) per month, giving a gross rental yield of around 6 to 8%. Residential property prices are around US$700 - US$750 per sq. m (GHC6.7 - 7.2 million).

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).

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