Ghana’s Atlantic coastline, particularly around Accra, is becoming a hotspot for real estate investment. Areas like Prampram and Ada Foah are drawing attention due to their affordability and coastal charm. Here’s a closer look at what’s happening:
Real Estate Trends
1.
There’s a growing demand for cost-effective housing solutions that meet quality standards. Developers are focusing on innovative designs and construction techniques to keep costs down while delivering comfortable living spaces.
- Mixed-Use Developments
Modern Ghanaians seek a holistic lifestyle with seamless integration of work, leisure, and residential spaces. This trend translates into a growing demand for mixed-use developments that combine residential units, office spaces, retail outlets, and recreational areas.
- Sustainability
Developers are increasingly incorporating sustainable practices and eco-friendly materials into their projects. This includes utilizing renewable energy sources like solar panels, implementing water conservation systems, and prioritizing green spaces within developments.
Interest from the Ghanaian Diaspora
The Ghanaian diaspora, particularly those in Europe and North America, are showing significant interest in investing in Ghana’s real estate market. Remittances from this community reached $3.6 billion in 2020, with a substantial portion channeled into real estate. Many diaspora members are purchasing second homes, vacation properties, and even luxury developments.
areas more attractive for investment.
The real estate market along Ghana’s Atlantic coast is experiencing significant growth, driven by economic stability, urbanization, and evolving consumer preferences.
With increasing interest from the Ghanaian diaspora and planned developments, areas like Prampram and Ada Foah are becoming prime locations for affordable coastal living.
Source : African Property Magazine – Exclusive