INFOGRAPHIC: Average Rent Costs in Accra – 2016

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One question we receive daily is “How much can I find a place to rent for?”. A very interesting inquiry with a not-so-easy answer. Rent costs are affected by several factors including location, size and amenities of the property itself and the neighbourhood in which it is. In Ghana, the real estate industry is unregulated, however, meaning homeowners selling and leasing property have no bookends within which they are required to operate and therefore set prices as they please.

The instability of the cedi up against stronger foreign currencies also affects housing costs. With a national housing deficit of 1.7 million units, affordable housing is a recurring issue for all Ghanaian governments. Lack of easy-to-get financing for property purchase has rendered most people renters versus homeowners. There is vast opportunity for developers to supply low and mid-range priced accommodation.

Here is a look at average rent costs in Accra in 2016

(based on 10 Accra neighburhoods on meQasa.com)

meQasa Average Rent Costs in Accra

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Comments

  • Affordable Luxury: 12 Sweet Accra Rental Deals Below GHC 1500 – RAW Africa
    18 May, 2017 01:21

    […] over is pricey. It is even higher in Accra, which ranks among the most expensive cities in Africa. Accra rent costs about $500 on average in the city’s prime spots. This price point shouldn’t deter house […]

  • Life in Osu
    30 August, 2016 12:36

    […] Rental prices in this neighbourhood are on the high side, likely because of proximity to the business district that is the Oxford Street. A single room with a porch for instance, could go for upwards of GH¢600 per month. Think this might be where you’d love to live. These Osu housing rentals may be just what you are looking for. If you seek to buy property in Osu, take a look at these amazing Osu real estate for sale. […]

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