Like every other place in the world, Ghana has four main property types. These are land, commercial real estate, industrial real estate and residential real estate.
Land
This is the mother of all real estate. Land is often purchased as a long-term investment that can be sold later at a higher value, or have residential, industrial or commercial properties developed on it. The beauty of land is that the value continually appreciates and only goes down in rare and extreme cases such as natural disasters, or government interference. In the words of Louis Glickman, “The best investment on Earth is Earth.”
Commercial Real Estate
This refers to properties (land or buildings) developed to do business and generate profit. This includes things such as malls, offices, hospitality, recreation and retail. The various instances of commercial real estate are listed below:
- Office space (office complexes, co-working spaces)
- Retail centres (shopping malls, sports shops
- Hospitality (hotel and lodgings, restaurants, eateries, tourist centres)
- Recreational spaces (movie theatres like the Silverbird Cinemas at West Hills Mall, theme parks, museums, go-kart raceways such as House Party Karts which is just minutes away from Eden Heights luxury apartments, bowling alleys, parks and gardens)
- Healthcare (hospitals, clinics, retirement homes, hospices)
- Religion (churches, mosques etc)
- Special purpose (event centres like the Accra International Conference Centre, educational facilities, and some government buildings)
Industrial Real Estate
Industrial real estate is a type of commercial real estate that is intended for research, manufacturing, production, storage and distribution of goods. This includes:
- Warehouses (these are concentrated in Tema and along the Spintex Road)
- Manufacturing/ Assembly factories
- Garages
- Distribution centres
Residential Real Estate
We’ve extensively covered the 8 most popular types of properties Ghanaians reside in another blog post so we’ll only briefly touch on some of them here.
Compound Houses
These are the largest houses with multiple housing units within the same compound, usually in the style of a courtyard. These are some of the most affordable types of residential property to rent in Ghana.
Apartments/Flats
These are buildings with self-contained housing units on different floors. Apartments such as Eden Heights are an efficient use of space as they are able to house several households on multiple floors. In luxury apartments like Eden Heights, they also provide tenants with luxury options such as 24/7 security, internet, leisure services, and property managers among others. All of these ensure tenants are comfortable and have lasting peace of mind.
Looking for gorgeous apartments in Ghana that give you more bang for your buck? Invest in Eden Heights Apartments at West Hills today for spacious apartments, excellent facilities, amazing architecture and a wonderful location.
Penthouses
The best views, the most lavish amenities, the highest mark of luxury and the right to be called the king of the hill in an apartment building are the defining features of a penthouse. Penthouses are housing units on the top floor of an apartment building, usually fitted with luxury.
A must-grab sweet deal for a penthouse in Ghana is the deluxe penthouse unit at Eden Heights Luxury Apartments.
