What Property Can I Acquire For 200,000 Cedis?

Searching for properties to purchase can be an arduous task, particularly when you have a strict budget. Prices can differ greatly based on location and the overall state of the house.

Buying a property is a good investment that can yield high returns. So what can you purchase with a budget of 200,000 cedis?

Buy a house in Ghana

Jumia House Ghana

With 200,000 cedis, a small family or a young professional can acquire a one-bedroom house in Tema, a two-bedroom house built by a real estate developer in Kasoa and Buduburam or a three-bedroom house in Kwabenya. Of course, the price of these properties will depend on the precise location and the condition of the house. If you are looking for a property in an upmarket neighbourhood, then you should increase your budget to more than 200,000 cedis or reduce the number of rooms you are aiming for.

Buy an apartment in Ghana

Jumia House Ghana

Another type of property in which you could invest are apartments. With 200,000 cedis, you could buy a two-bedroom apartment in Ashaley Botwe or a one-bedroom apartment in Tema.  The desire to purchase an apartment is currently on the rise in the Ghanaian society. You can decide to purchase an apartment in any of the most exclusive locations. A great advantage when purchasing apartments is that they are conveniently located in the center of the city as in Airport, Labone or Roman Ridge. You can thus easily find a buyer if you decide to move to a different location.

Plots of land are also available to buy in Ghana

Jumia House Ghana

With 200,000 cedis, you are able to acquire at least a few acres of land in desirable areas, such as East Legon, Cantonments or Airport. This budget would allow you to buy a bigger plot of land in areas such as Kwabenya, Ashongman, Amasaman or Nsawam. Again, the prices in these locations are based on the supply and demand of the land in each specific area. The advantage of investing in land is that the price tends to increase rapidly, especially if the parcel is close to a road.

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