The Ghanaian property market in the first quarter of 2025 showcased a remarkable balance between resilience and growth. Supported by stable macroeconomic conditions, the sector continued to attract both local and international attention.
Inflation maintained a steady course at 6.8%, and the Bank of Ghana’s policy rate remained favorable at 14.5%.
These factors, alongside a stable exchange rate of 15.8 GHS to the US dollar, bolstered confidence among investors. The result was a flourishing property market spanning multiple segments.
Residential properties presented a mixed yet promising landscape. The luxury market sustained its appeal, drawing high-net-worth individuals and expatriates. Meanwhile, the mid-market segment experienced robust demand in urban centers like Accra, Kumasi, and Takoradi, with a commendable year-on-year price appreciation of 8%. Affordable housing, often underemphasized, witnessed a surge in government-backed initiatives and increased private sector participation, marking a positive shift.
Commercial real estate adapted well to evolving market needs. Prime office spaces continued to enjoy strong occupancy rates, with growing preferences for flexible working setups. Retail properties thrived, thanks to the presence of both local and international brands, and the industrial and logistics sector emerged as a frontrunner. Benefiting from Ghana’s expanding manufacturing industry, this segment delivered attractive rental yields, averaging around 12%.
Beyond Accra, regional markets gained momentum. Kumasi, for instance, saw notable infrastructure developments, such as the expansion of its international airport, which positively influenced property values in surrounding areas. The overall property market remained dynamic, showcasing an evolving landscape ripe with opportunities for investors at all levels.
Ghana’s property market performance in Q1 2025 underscores its potential as a promising destination for investment. The combination of economic stability, innovative initiatives, and growing demand across sectors highlights the bright future ahead for the industry.
Source : Joucelyn Marigold ,
