Ghana’s real estate caters to a teeming population of about 25 million people. According to Ghana’s housing policy, Ghana’s housing deficit is estimated to be in excess of 1.7 million units and to be able to clear this deficit and accommodate new households, we require a minimum annual delivery of about 170,000 units for the next 10 years. Housing units differ and the distinctive types of houses are more evident in major Ghanaian cities like Accra and Kumasi.
Townhouses, apartments and condominiums have began springing up in recent years usually situated in prime areas such as Cantonments, Ridge, Airport Residential Area, East-Legon and many other neighbourhoods across the country. These are areas in which many expatriates prefer to live and landlords usually require 1-2 years rent payment upfront which can make renting in Ghana extremely expensive.
Cantonments is an affluent suburb of Accra with a modern planned residential settlement. Most of the homes in the area have three to four bedrooms and are often occupied by the wealthy, academics or government officials. Many diplomatic missions in the country are in the Cantonments area including the U.S. Embassy.
Apartments for rent in Cantonments and other parts of Accra can match up to those of their counterparts in more developed countries. They boast of nicely shared amenities including pools, gyms and terraces that reflect the taste and lifestyle of the occupants. Expatriates looking to rent a house in Ghana are usually considered for short stay rentals since they will not be in the country for long. Some are able to secure as short as houses for rent in Ghana for 2 weeks.
Rental properties in Ghana are in high demand due to the increase in the working class population and the influx of expatriates in the country for business and pleasure. Houses for rent in Labone have also become a “hotbed” due to its busy commercial, restaurant and nightlife activity.
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