Are you looking for property to rent or buy in Accra or even sell? It helps to know where to find available real estate and to have a fair idea of the costs involved in different parts of the city.

These costs are influenced by several factors including location, size, amenities and proximity to facilities such as malls and hospitals among others. Ghana’s housing sector is highly unregulated and, thus, homeowners and landlords operate within no established framework and set prices as they deem fit contributing to the widening housing deficit in the country.

With an estimated housing deficit ranging between 1.7 and 2 million units, it is important for policymakers and all stakeholders to freely access data that gives an overview of the state of housing in the country. By sharing data it has collated over the years based on transactions on its online platform, meQasa.com aims to help put things in perspective for investors, home seekers, decision-makers and all stakeholders.

meQasa.com has created this useful infographic that gives an overview of the housing sector in the Greater Accra region based on online property search behaviours in 2017.

Take a look at the infographic below.


Highlights from the infographic are summarised below:

  1. The average cost of houses for sale over the period range between GH¢449,587 (1 bedroom) to GH¢742,531 (3 bedrooms);
  2. Average rent costs in Accra range between GH¢1,266 (1 bedroom) and GH¢6,939 (3 bedrooms);
  3. The most expensive Accra neighbourhoods to buy a plot of land are Cantonments (GH¢1.08 million) and East Legon (GH¢1 million) while the cheapest neighbourhoods include Pokuase (GH¢27,000) and Dodowa (GH¢12,000);
  4. The value of new developments advertised on meQassa.com in 2017 is estimated at $340 million;
  5. The value of properties marked as sold on meQasa.com rose from $227 million in 2016 to $362 million in 2017. This marks a 59% increase over the last year;
  6. meQasa.com’s acquisition of rival Jumia House, the launch of its first housing fair and its partnership with MyJoyOnline.com, show the huge potential for marketing real estate;
  7. The number of advertisers (agents, developers and homeowners) grew by 45% – 1044 advertisers in 2016 to a total of 1,935 in 2017. The number of paying advertisers on the online platform also increased by over 106%; and
  8. Total user sessions or the number of people actively searching for property online (on meQasa.com) increased by 110%.

meQasa remains committed to ensuring property developers, agents and house owners connect with the right prospective buyers, investors and tenants in a bid to curb the widening housing gap. As a property platform recognised for innovation, strong marketing and constant improvements, we are hopeful that this brief overview will aid all parties involved in finding a lasting solution to Ghana’s housing crisis in 2018 and beyond.

 

 

View Comments

  • Its very necessary to properly Test smoke detectors and check batteries at least twice a year. Thanks for sharing.

  • My name is David Joseph, am a Nigeria,am based in Ghana here,am a tenant,at Nungua by ledger road,because we are Nigeria, our landlady's sister has been treating us like animals, we don't have freedom to live freely,Just because we have mutual understanding with her elder sister,who happens to be the landlady,she so jealous that, she keeps giving us problem.so we want all this to stop,and we want justice for this act of discrimination

  • Aw, this was an extremely nice post. Taking the time and actual
    effort to create a very good article… but what can I say… I procrastinate a whole lot and never seem to get nearly anything done.

  • Useful information. Fortunate me I found your website by chance, and
    I am shocked why this twist of fate did not came about earlier!
    I bookmarked it.

  • Dear Paul Coffie

    This is very interesting and i would like to get in touch with you, so i am leaving my email address

  • I need two bed room with hall or one bed room with hall kitchen bath and toilet to be used as office Amakom, Bantama, Tech, Krofoforom santasi Ahodwo

This website uses cookies.