Things to Know About Apartments for Sale in Accra in 2022
Apartment hunting in Ghana can either be a delightful and fulfilling adventure or a tedious and devastating affair especially if you don’t have sufficient information to work with.
What’s the average cost of a house? Where are the best neighborhoods to live in? Where are the top apartments for sale in Ghana right now? Answers to these questions and more can help you jump into the apartment hunting world like a brave adventurer instead of a clueless stray with no guidance.
In the words of Publius Flavius Vegetius Renatus, “let him who desires peace prepare for war.” It’s better to go in prepared and we’re here to help you do just that.
Is Accra a safe place to live in?
You bet. Ghanaians are generally gentle, friendly and peace-loving people who don’t like to get into other people’s business or unnecessarily incur the wrath of anyone.
This crime statistics report by the Ghana Police Service is a good indicator of the security atmosphere in Ghana. Crime rates are generally low and you can move around safely in the day time and at night. Although it’s best to move around at night with caution, that’s when bad actors around the world like to strike.
While the police aren’t as trusted given a track record of corruption, they’re generally competent and will aid you in times of trouble.
Of course, there are always vagrants lurking in the shadows ready to strike if given the chance. Thankfully, that’s a problem that can be dealt with by implementing a number of security measures such as guards, CCTV cameras, locking your doors, adopting a dog and more.
While these measures go a long way to protect you, it’s best to rely on the full-on security that is offered by luxury apartments such as Eden Heights or any real estate development within a gated community.
Is Accra, Ghana a good investment destination?
Ghana was projected to be the fastest-growing economy in the world in 2019 by the International Monetary Fund. In 2020, Ghana moved up to 6th place in the RMB Investment Attractiveness 2020 rankings.
This is thanks to the country’s political stability, a growing middle-class, exemplary governance, favourable economic conditions and the growth of the oil sector. This makes the country attractive to investors who can pump money into Ghana’s booming economy for high returns on their investment.
In summary, yes, Ghana is a good investment destination. With all the money coming in, the increasingly sophisticated middle-class, the stable political climate and other factors, now is a good time to invest in real estate in the country.
Can a foreigner buy a house in Ghana?
Yes. A foreigner can buy a house or apartment in Ghana. This also extends to land although there’s a limitation, you don’t fully buy land in Ghana but instead, lease it. There are very few lands that are fully owned by private individuals.
Additionally, foreigners can only own land on a 50-year leasehold. This means that, while a foreigner can buy a house or apartment completely, you’ll have to renew your land leasehold every 50 years.
Lastly, as a foreigner, it is advisable to do all the necessary checks to ensure the property you’re purchasing is litigation free and genuine. The best way to do this is to buy property from trustworthy developers such as Eden Heights who do all the necessary background checks and paperworks before building anything.
What does an apartment in Accra look like?
In other words, what is considered an apartment in Ghana? Just like anywhere in the world, an apartment is typically a storey building with multiple housing units. In Ghana, both the British and American definitions fly. Flats and apartments are used synonymously, with flats often referring to the popular state housing projects known as SSNIT Flats.
Apartment however is the generally preferred term. Apartment is used to describe any building with self-contained housing units on multiple floors. In some cases, this can even be a one-storey building housing multiple households.
What makes a luxury apartment?
Luxury means different things to different people. Comfort, convenience, opulence, extreme extravagance, the latest technology, and sky high prices are just some of the ways it is defined. At Eden Heights, comfort, convenience, quality and customer satisfaction are the markers of luxury.
In Ghana, however, there are other key features that distinguish luxury apartments from the rest such as exclusive amenities, whether or not it’s in a gated community, quality of materials used to construct the apartment and more. We cover what makes a luxury home in Ghana in-depth here.
What are the top luxury apartments for sale in Ghana in 2020?
In no particular order, below are 10 of the most exciting luxury apartments, in terms of price, location, design and amenities for sale in 2020. Note that the majority of apartments for sale are in Cantonments, Airport Residential Area and East Legon, 3 of the most sought after neighbourhoods in Accra.
Embassy Gardens (Cantonments)
Embassy Gardens promises eco-living complete with communal gardens, swimming pools and a wellness complex in Cantonments, designed for the wellbeing of its residents. According to Clifton Homes, the landmark development offers a unique blend of “style, comfort and location”.
The Signature (Shiashie)
The Signature by Capemay Properties is a unique luxury apartment development smack in the heart of Accra, next to the Accra Mall . The 209-unit development features an audacious design inspired by the “Mframadan” Adinkra symbol, denoting strength and resilience. The development promises tantalizing views of the city, and an unmatched work-life balance perfect for top executives and their families.
Eden Heights (West Hills)
Luxury has a new destination at Eden Heights, a luxury residential development which provides residents with convenience, comfort, security and peace of mind. Eden Heights is strategically located far away from the stressful pace of the bustling city centre but close to all the essential retail and entertainment facilities like the West Hills mall, Kokrobite Beach Resort and House Party Go-karts.
Developed by Westhills Ridge Company Limited, Eden Heights offers world-class architecture and is built to meet the highest safety standards and to also meet the health and lifestyle patterns of the modern city dweller.
Eden Heights offers a unique residential space dedicated to providing residents with comfort and luxury in addition to a world-class sports facility, well-equipped gym, on-site management office, ample parking, 24-hour security, reliable internet, a serene environment to match your luxury lifestyle and much more.
The journey of a thousand miles begins by taking the first step into greatness. Which level of greatness will you choose? Explore any of the one (1) to four (4) bedroom apartments and penthouses within a gated community, all with grade ‘A’ finishing and options to customize that Eden Heights has to offer.
Mirage Residence (Airport Residential Area)
Mirage Residence promises to be more than a home. The multipurpose complex is an 18 storey building that comes with hotel rooms complete with concierge services, apartments, a pharmacy, and breathtaking exterior and interior design among other things.
The Ivy (East Legon)
The Ivy at East Legon is a seven-story apartment block in East Legon. It is developed by Denya Developers and promises “incredibly spacious apartments that make the trade-off between space and price history”
Apartment 24 (North Ridge)
According to Imperial Homes, the ongoing development, Apartment 24 is a swanky and exquisite collection of beautifully crafted 1, 2 & 3 Bedroom luxury apartments of style and unusual quality.
Riviera Residences (East Legon)
Riviera Residence is a mixed-use waterfront development. It comes with 78 apartment units for sale and promises residents an all-inclusive city living lifestyle, mixed with wellness, dining, shopping and leisure experiences.
Aura Cantonments Residence (Cantonments)
Aura Cantonments Residence is a luxurious residential complex in the prestigious Cantonments neighbourhood. It features 6-floors of ultra-modern housing units, penthouses with terraced gardens, a private duplex and 1, 2 & 3 bedroom apartments. The development promises premium, efficient luxury.
Diamond in City Apartments
Diamond in City Apartments is the second iconic luxury apartment project by Acacia Build Limited. Diamond in City will feature 150 units, along with a mix of private and shared spaces that foster community and according to sales manager Wafaa Jomaa, will offer tenants “not just a new home, but a neighbourhood in which they feel a deep sense of belonging.”
NoVA (Roman Ridge)
Touted as the new star in the city, the NoVA by Devtraco Plus is a mixed-use development that comes complete with residential, retail and entertainment facilities along with automated smart home systems, cascading floor-to-ceiling glass windows and more. NoVA promises tenants the luxury and freedom they deserve.
What is the best way to find an apartment for sale in Ghana?
Ask someone you know. That’s usually the first step. The next is to contact a real estate agency. But not just any real estate agency. You have to find a trusted one with a good track record of serving customers well.
The next option is to use a real estate portal like Meqasa, Ghana Property Finder or Tonaton. Be careful though, scammers like to hang around these portals to prey on unsuspecting victims. While some of these portals have made efforts to contain fraudulent activities, it is not nearly enough or foolproof.
To be truly safe, save time and the frustration of dealing with real estate portals or agents, it’s better to deal directly with a developer of your choice. You’ll get a better deal in the long run on the apartments they have for sale.
If you’re looking for an apartment to buy in Ghana which boasts a convenient location, excellent facilities such as Olympic size swimming pool, sports centre, facility management, amazing architecture, space and luxury, look no further than Eden Heights luxury apartments. Talk to us today and we’ll offer you the best apartments for sale in Accra.
How much is an apartment for sale in Accra, Ghana?
The answer to this is, it depends. There are several factors influencing the cost of an apartment in Ghana, from where it is located to what sort of materials went into it to the number of rooms and features to the kinds of amenities offered.
According to Numbeo.com, the average price of an apartment per square meter in the city centre is GH¢11, 537, while the price of an apartment outside the city centre is GH¢38, 613.
The cost of luxury apartments for sale at Eden Heights which range from $85, 050 to $362,000 are listed below.
- Penthouse Deluxe – starting from $361,037
- Penthouse Standard – starting from $316,194
- 4 Bedroom – starting from $193,853
- 3 Bedroom Deluxe – starting from $153,860
- 3 Bedroom Standard – starting from $183, 295
- 2 Bedroom & 1 Bedroom + Study – starting from $108, 500
- 1 Bedroom – starting from $85, 050
Are there mortgages or flexible payment terms for apartments for sale in Accra?
Yes. At Eden Heights, for example, you can tap into any of the available flexible payment plans to own your dream home. Simply get in touch and the sales team will run you through all payment options and the lifestyle you will be investing in.
Mortgage options also exist through financial institutions like Ghana Home Loans, Republic Bank, Stanbic Bank and more. Speak to your favoured banking partner to find out what mortgage options they have.
Hopefully, this quick Q&A/ FAQ satisfies most if not all of your questions around finding and purchasing apartments for sale in Ghana in 2020. What else do would you like to know?