It was uncommon to see apartment type of residential housing in Ghana. This is because most the government was the biggest landlord. The style of housing that have existed since independence are huge colonial type of houses with acres of land around it. this style was inherited from the British colonial government.
Fast forward to the 2015, the government is no longer the biggest landlord. The private sector has taken over and Ghana real estate is booming. Investors are hungry for land to build elegant condominiums to satisfy the growing demand of the middle class who want their own piece of the Ghana dream. Hence the rise of apartments in Ghana.
Due to this phenomenon the Ghana real estate landscape it changing. All over Accra you will see cranes littered in the skyline. Apartments are going up everywhere. Young people starting out in life prefer to have studio house or two bedrooms kind of housing instead of living in a huge home by themselves.
It must be said that though these two bedroom apartments have come to bridge the housing gap, these don’t come cheap for the average Ghanaian. These nice apartments are found in the posh residential areas. One unit could cost between $250,00 – 1,000,000 USD. The is by far more than what the average Ghanaian would earn in a decade. As the demand for apartments in Ghana continue to grow and the product is short supply, prices will continue to rise.