Buying an apartment complex in Accra is a major investment, with costs depending on location, number of units, building size, and amenities. Whether you're looking for a rental income property or a large residential complex, understanding pricing trends is essential.
The price of an apartment complex in Accra depends on the number of units and price per square meter.
| Complex Size | Estimated Cost (GHS) | Estimated Cost (USD) |
|---|---|---|
| Small (5-10 units) | 5,000,000 – 15,000,000 | $420,000 – $1,250,000 |
| Medium (10-20 units) | 15,000,000 – 30,000,000 | $1,250,000 – $2,500,000 |
| Large (20+ units, luxury) | 30,000,000+ | $2,500,000+ |
Note: Costs are based on an average price of GHS 9,600 per square meter.
The cost of buying individual apartment units gives an estimate of complex pricing.
| Apartment Type | Average Price (GHS) | Price Range (GHS) |
|---|---|---|
| Studio Apartment | 500,000 – 1,200,000 | 350,000 – 2,000,000 |
| One-Bedroom Apartment | 600,000 – 1,500,000 | 400,000 – 2,500,000 |
| Two-Bedroom Apartment | 900,000 – 2,500,000 | 600,000 – 4,000,000 |
| Three-Bedroom Apartment | 1,500,000 – 3,500,000 | 800,000 – 5,500,000 |
| Luxury & Penthouse Apartments | 3,000,000 – 6,000,000+ | 2,500,000 – 10,000,000 |
✔ Location – Prices are higher in Cantonments, Airport Residential, East Legon, and Ridge than in Spintex or Kasoa.
✔ Amenities – Complexes with swimming pools, gyms, elevators, and 24-hour security cost more.
✔ Building Age & Condition – New developments cost more, but older complexes may need renovations.
✔ Market Demand – High-rental demand in Accra’s prime areas leads to higher selling prices.
✔ Define Your Budget – Assess how much you can afford, including purchase price, maintenance, and potential renovations.
✔ Research Locations – High-demand areas yield better rental income and resale value.
✔ Check Financing Options – Explore bank loans, mortgages, and real estate investment partnerships.
✔ Consult Real Estate Agents – Work with professionals to find, inspect, and negotiate the best deals.
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