April 7, 2025
Navigating the Ghanaian real estate market can be complex when searching for houses to buy in Ghana. Whether you’re a first-time buyer, investor, or simply looking for a change, having the right information is crucial.
This guide is designed to help you make informed decisions, highlighting some of the best houses to buy in Ghana, with a particular emphasis on premium developments such as The Madison by Landmark Homes. The diverse options for houses to buy in Ghana cater to various budgets and preferences, making it possible for everyone to find their ideal home in this vibrant West African country.
Ghana Real Estate Market Overview
Ghana’s real estate sector has experienced significant growth in recent years, driven by economic stability, increasing urbanisation, and a growing middle class. The market offers diverse options for sale, ranging from affordable housing to luxury developments, catering to various preferences and budgets.
Current Market Trends
The Ghanaian property market is characterised by steady appreciation in property values, particularly in urban centers like Accra and Kumasi. Luxury developments are gaining traction among affluent Ghanaians, expatriates, and diaspora investors seeking both comfort and investment opportunities. These premium properties often feature modern amenities, strategic locations, and innovative designs that align with international standards. Providing quality information about these market trends is crucial for prospective buyers to make informed decisions.
Popular Property Types: House
Ghana’s real estate market offers a variety of property types:
- Apartments: Increasingly popular in urban centers, offering convenience and security
- Townhouses: Combining space efficiency with privacy
- Detached Houses: Traditional family homes with compound space
- Luxury Developments: High-end properties with premium amenities and finishes
- Duplex Apartments: Two-level apartments offering more space and privacy
Premium Locations
While properties are available throughout Ghana, certain areas command premium prices due to their strategic location, infrastructure, and social amenities:
- East Legon: Known for its upscale properties and proximity to key facilities
- Cantonments: A prestigious neighborhood with diplomatic residences
- Airport Residential Area: Offering convenient access to the international airport
- Labone: An emerging luxury destination combining urban convenience with relative tranquility
- Trassaco Valley: An exclusive community with high-end properties
The Madison: Setting New Standards in Luxury Living
Among Ghana’s premium developments, The Madison by Landmark Homes stands out as a benchmark for luxury living. Located in the vibrant neighbourhood of Labone in Accra, this exclusive development offers 27 meticulously designed apartments that redefine opulent living.
Spacious and Luxurious Apartments
The Madison distinguishes itself through generously sized apartments that exceed the standard offerings in Accra’s luxury market. Each living space provides ample room for residents to live, work, and entertain, creating a truly exceptional residential experience.
Apartment Types and Specifications
The Madison offers various apartment configurations to suit different needs:
- Studio Apartment (55 M²):
- Bedroom: 13.91 M²
- Living Area: 9.55 M²
- Terraces: 4.63 M² & 4.09 M²
- Perfect for singles or investors seeking rental income
- 1-Bedroom Junior Apartment (72 M²):
- Bedroom: 8.93 M²
- Living Area: 14.57 M²
- Dining Area: 5.91 M²
- Ideal for young professionals or couples
- 1-Bedroom Standard Apartment (89 M²):
- Bedroom: 12.2 M²
- Living Area: 19.93 M²
- Dining Area: 10.13 M²
- Terraces: 8.33 M², 2.8 M² & 2.2 M²
- Offers more space and comfort than the junior option
- 2-Bedroom Standard Apartment (126 M²):
- Two bedrooms: 13.72 M² and 16 M²
- Living Area: 26.06 M²
- Dining Area: 11.82 M²
- Perfect for small families or those requiring a home office
- 2-Bedroom Duplex Apartment (137 M²):
- Spacious two-level living
- Multiple terraces and living spaces
- Excellent for those seeking more privacy and space
- 3-Bedroom Penthouse Duplex (252 M²):
- Three bedrooms: 18 M², 16.9 M², and 9 M²
- Living Area: 26.06 M²
- Dining Area: 11.82 M²
- Staff Quarters: 13.72 M²
- Guest Office: 8.97 M²
- The ultimate in luxury living with panoramic views
Exceptional Amenities and Features
The Madison elevates everyday living through an impressive array of amenities designed for comfort, convenience, and luxury:
Building Amenities
- 24/7 security with electric fencing for peace of mind
- 24-hour concierge service
- Swimming pools for relaxation and exercise
- Fitness area and gym equipped with modern equipment
- Wellness and spa facilities for rejuvenation
- Rooftop bar offering stunning views of Accra
- Dedicated business meeting room
- Landscaped gardens create a serene environment
- Backup generator ensuring uninterrupted power supply
- Pressurised water supply system
- Dedicated parking for all residents
Kitchen Features
- Bespoke matt finish minimalist Shaker style kitchens
- Modern butler-style sink with mixer tap
- Integrated appliances including fridge freezer, microwave, and washing machine
- Electric induction four-ring hob with touch controls
- Under-cabinet LED lighting
- Engineered timber flooring
Bathroom Luxuries
- Porcelain large format floor and wall tiles
- Wall-mounted floor-to-ceiling mirrors
- Built-in rectangular double-ended bath
- Ceiling-mounted overhead shower and hand shower
- Chrome heated towel rail
- Wall-mounted WC with soft-close seat
Buying Process in Ghana: Essential Steps
Purchasing property in Ghana involves several key steps that buyers should understand before proceeding with their real estate journey. Completing a verification process is essential to ensure that all transactions are secure and legitimate.
It is crucial to verify the authenticity of the property and the seller. Ensuring a secure connection during these transactions can significantly enhance user safety and prevent fraud.
Legal Considerations
Ghana’s land tenure system can be complex, making due diligence crucial:
- Verify land ownership through the Lands Commission
- Ensure human verification of user identity to secure transactions and prevent automated fraud
- Check for any encumbrances or multiple claims
- Ensure the property has proper documentation, including land title certificates
- Consider engaging a real estate lawyer to review all documentation
Payment Options
The Madison offers flexible payment plans to accommodate different financial situations:
- Outright Purchase Terms:
- Reservation Fee: US$ 5,000
- 1st Payment: 25% within the 1st month from reservation
- Subsequent payments spread over 12 months
- Final Payment: 10% upon completion
- Standard Mortgage Terms:
- Reservation Fee: US$ 5,000
- 1st Payment: 30% within 30 days from reservation
- Final Payment: 70% mortgage payment upon completion
Working with a Reputable Developer
Choosing the right developer is perhaps the most critical decision in your property purchase journey. Landmark Homes stands out for several reasons:
- Established track record in developing luxury properties
- Commitment to quality and excellence in every project
- Professional team dedicated to client satisfaction
- Innovative design and construction techniques
- Sustainable building practices
- Transparent business operations
Investment Potential and Returns
Properties like those at The Madison offer significant investment potential:
- Capital Appreciation: Premium properties in prime locations typically appreciate faster than the market average
- Rental Income: Luxury apartments command premium rental rates, especially from expatriates and corporate clients
- Diversification: Real estate provides portfolio diversification beyond traditional investments
- Dollar-Denominated Returns: Some premium properties maintain value in foreign currency, hedging against local currency fluctuations
Taking action to secure a good investment in such properties can lead to substantial financial benefits.
Conclusion
Ghana’s real estate market offers diverse opportunities for homebuyers and investors alike. Premium developments like The Madison by Landmark Homes represent the pinnacle of luxury living, combining spacious apartments, world-class amenities, and strategic locations. Whether you’re seeking a primary residence, a vacation home, or an investment property, understanding the market dynamics and partnering with reputable developers like Landmark Homes is essential for success in Ghana’s real estate landscape.
FAQs
1. What makes The Madison different from other luxury developments in Accra?
The Madison stands out for its exceptionally spacious apartments, high-quality finishes, comprehensive amenities, and premier location in Labone. The attention to detail in design and construction sets a new standard for luxury living in Ghana.
2. Can foreigners buy property in Ghana?
Yes, foreigners can purchase property in Ghana. However, non-Ghanaians cannot own land freehold but can lease land for up to 50 years with renewal options. Apartments like those at The Madison are particularly suitable for foreign buyers.
3. What financing options are available for purchasing property at The Madison?
The Madison offers flexible payment plans, including staged payments over the construction period and mortgage options upon completion. Buyers can choose between outright purchase terms with payments spread over 12 months or standard mortgage terms with a 30% down payment.
4. How secure is investing in Ghana’s real estate market?
Ghana offers one of Africa’s most stable political and economic environments, making it relatively secure for real estate investment. Premium developments like The Madison further mitigate risk through professional management and quality construction.
5. What amenities can residents expect at The Madison?
Residents enjoy 24/7 security, concierge service, swimming pools, fitness areas, wellness and spa facilities, a rooftop bar, conference room, smart living features, chauffeur service, and more. These amenities create a comprehensive luxury living experience.
Ready to explore luxury living at The Madison? Contact Landmark Homes today at our office located at 84 North Labone Street, Accra, to schedule a viewing or learn more about available units. Experience the pinnacle of luxury living in the heart of Accra with Landmark Homes – where excellence meets innovation in real estate development.