Why Accra and Tema Have Become the Hotspots for Prime Real Estate Investments in Ghana

4. Foreign Direct Investment and Expatriate Demand

The influx of expatriates and foreign direct investments (FDI) into Ghana has also played a major role in boosting the prime real estate markets in Accra and Tema. Many foreign companies are setting up shop in these cities, and their executives are seeking quality homes that match international standards.

Luxury condominiums, furnished apartments, and serviced residences are highly sought after by expatriates. This has led to a spike in rental prices, especially in Accra’s prime areas, offering excellent ROI for property owners who rent out their investments.

5. Real Estate Appreciation and ROI

Both Accra and Tema have consistently shown strong capital appreciation, making them ideal hotspots for long-term real estate investments. Over the past decade, property prices in key areas of Accra have appreciated by up to 10-20% annually. Tema, although relatively newer in the luxury real estate market, is catching up quickly as more buyers and investors look to tap into the city’s growing potential.

For investors, this means that properties purchased today are likely to appreciate significantly over the coming years, especially as demand outpaces supply in these thriving urban centers. Whether you’re looking to buy for resale or rental income, Accra and Tema offer excellent prospects for solid returns.

6. Emerging Gated Communities and Modern Developments

Accra and Tema are home to some of the most modern and innovative real estate developments in West Africa. Gated communities such as Trasacco Valley, Devtraco Estates, Manet Estates and NTHC Estates offer luxury, security, and world-class amenities for residents. These developments are designed to cater to the discerning tastes of high-net-worth individuals, expatriates, and families seeking privacy and prestige.

In Tema, the rise of gated communities like Devtraco Courts, Maida Vale Court, Sloane Square, La Maison Symphonique, Emefs Estate, and Community 25’s modern developments has attracted buyers looking for a mix of suburban tranquility and proximity to Accra’s business hubs. The availability of key infrastructure such as the two golf courses in Tema (Celebrity Golf Club in Sakumono and the Tema Golf Club opposite the Ghana Freezones Enclave) make a case for consideration for professionals looking for locations that not only meet their personal preferences but also enhance their social lifestyles.

7. Tourism and Cultural Appeal

Accra’s rich cultural heritage and burgeoning tourism industry have made it a top destination for international visitors, many of whom eventually decide to invest in the local real estate market. Areas like Osu, East Legon, Cantonments and Labone are highly attractive for investors interested in short-term rental properties, especially as demand for Airbnb accommodations continues to grow.

Tema’s proximity to tourist attractions such as the Shai Hills and the beaches in Prampram and Ada also makes it an appealing investment destination for those seeking a quiet retreat near the coast, further bolstering the city’s appeal.