Buying Property in Ghana: The Ultimate Guide for Expats

Are you looking to buy property in Ghana? This guide will show you everything you need to know, from finding the right neighborhood to getting a mortgage.

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Buying Property in Ghana: The Ultimate Guide for Expats
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Buying Property in Ghana: The Ultimate Guide for Expats

We are in the age of expatting. It’s a new way of life that has taken the world by storm.

You might have been living in your home country and you decide to up and leave to live in another country. You might be an international student studying abroad, or a migrant worker finding his or her next gig. Regardless of where you come from and what you do, you’ve decided to make this new country your home.

One decision that will have to be made when becoming an expat is finding somewhere to live. With so many options at your disposal, how can you find the perfect place for you? Is it better to buy property or rent it? Here is a guide for buying property in Ghana as an expat.


What Is an Expat?

An expat is someone who has decided to move to a new country for work, study, or even leisure.

There are many reasons why people become expats:

- International students studying abroad in another country.

- Migrant workers looking for their next job opportunity.

- Professionals and retirees moving from one country to the next for a better quality of life.

Whatever your reasons are, and wherever you come from, it can be difficult to find a place to live when you’re an expat. When you buy property in Ghana as an expat, you’ll have more options than just renting to consider. Before making your decision, here are some pros and cons of buying your property versus renting it.


How to Make a Decision

There are a lot of things to consider when looking for the perfect place in Ghana. You have to decide whether you want to buy or rent, what type of property you’re looking for, and how you’d like to be paying for it. If you want something that is yours and will stay with you after your contract has expired then buying may be right for you. If renting is more your style, there are plenty of options as well. You should also ask yourself if you would prefer to pay monthly or in one lump sum.

Deciding from the start which option suits your needs best can help make the process easier. Once you know what type of property, payment plan, and location works best for your needs, there will be less back and forth involved in narrowing down what’s best for you!


Should I Rent or Buy Property?

Buying property in Ghana can be a lot cheaper than renting. If you buy your property, you will have to pay the mortgage each month, but this is usually cheaper than paying rent month after month. You may need to consider investing more upfront or waiting for the return on your investment, but it’s a good idea to weigh the pros and cons before you make a decision.

If you are renting, you generally have more flexibility as an expat than if you buy property. Renters have the option of relocating whenever they want if they find a job in another country or decide that their new home isn’t for them. With that said, there are two important points about renting:

1) When renting your lease will be terminated by the landlord when your contract has ended or if they want to move into your unit themselves.

2) When renters leave their place, landlords are not obligated to provide these people with any compensation for their time living in the house. Whereas with buying property, tenants are entitled to compensation if they leave before their tenancy agreement has expired.

There is no right answer when deciding between buying and renting property because it depends on what the person wants out of their next step in life as an expat.


When Can I Rent or Buy Property?

The question of whether you should rent or buy property depends on the country. In many countries, buying is much more common. For example, if you buy a $100,000 house in the United States and then sell it five years later for $200,000 (a 50% return), you’ve outperformed the average investor.

In places like China and Ghana, renting is the norm. When buying property in these countries can be profitable if you find a low-cost place to live that appreciates quickly. It’s not uncommon for rents to increase 10% annually in these countries as demand for housing soars.

If you are an expat in a country where renting is more common, it’s still important to think about what will happen when your lease expires. Will your rights be protected? What will happen if you want to stay longer? It’s better to know upfront what your rights are before signing any contracts with landlords or property managers.


Considerations for Buying Property

in Ghana

Buying property in Ghana is a good idea for those who have been living and working in the country for some time now. Owning your own home is a great way to secure your future, but it’s not always easy. Expats need to consider many factors before they purchase their new home.

The first thing to consider is cost. Renting an apartment in Ghana might be more affordable than buying a house outright, which can be expensive. You also need to make sure that you have enough money saved up to cover all of the moving expenses associated with buying property in Ghana (such as fees, deposits, lawyers). The next thing to think about is how long you plan on staying in the country. If you are only going to live here for one year, renting may be the better option. A lot will depend on your financial situation and how long you plan on staying here. You’ll want to weigh every option and do your research before making a final decision about whether or not it’s best for you to buy property or rent it in Ghana as an expat.


Where to Find Properties in Ghana

There are a few things to consider before you buy property in Ghana. First, find out what style of accommodation you want to live in. This might be a single-family detached house or a townhouse. The prices will vary depending on the type of dwelling that you’re looking for and where it is located in the country.

Next, decide if you’d like to buy the property outright or finance it through a mortgage. This will depend on your budget and how much cash you have saved up for buying a home. You could also choose to do both!

Third, look at utilities and amenities around the area you’re interested in living. Many properties for sale come with utilities included, but not all of them do. Make sure that the neighbourhood has good access to public transportation, grocery stores, schools and other things that are important to you so that it becomes easier to live there long-term.

Lastly, remember that your needs might change over time as well as your priorities when deciding whether or not this is the right decision for you or not. You may want children later on and need more space than one bedroom apartments offer! You might want easy access to public transport or large back yards; these are just some examples of how your needs may change over time while living abroad in Ghana.


Local real estate agents

If you want to buy property in Ghana, you’re going to need help. There are a lot of things that you may not know and a local real estate agent can answer all of your questions. Real estate agents may also be able to provide insider knowledge on neighborhoods or communities to avoid. They can also guide you through the process of buying property in Ghana as an expat, which is something that can be complicated in a foreign country.


International companies

International companies are not just in Ghana, but they are all over the world. If you work for one of these companies and have relocated to Ghana, chances are you will live in an apartment or rented house while you get settled. But what happens when your company decides to move? Or you decide to move on? What will you do with your property that is being left behind?



In conclusion, if you are deciding to rent or buy property in Ghana, it can be difficult to know where to start. There are many considerations to be made, and many factors to account for. To help you make the best decision possible, we have outlined some of the most important points for you to consider.