As a large prosperous metropolitan area off the coast of the Atlantic and the capital city of Ghana, Accra offers a great deal in real estate property, ranging from luxury apartments, hotels, and beachfront property to townhouses and even penthouses. Over the last two decades, the quality, variety and luxury of real estate in Accra have greatly improved. Meanwhile, penthouses in Accra, having grown in size and prestige, now account for a great deal of Accra’s real estate market. There is often confusion when it comes to the meaning of a penthouse. Most wonder what penthouses are and what the difference is between a penthouse and a regular apartment on a high-rise building.

What are penthouses, anyway?

A penthouse is an apartment or suite found on an upper floor, or floors, of a high-rise building, especially one that is expensive or luxurious, with panoramic views. Penthouses are among the best in real estate properties, offering privacy, luxury, large living space and amazing views. Pent houses are also limited in number which makes owning one a very valuable asset. The ratio of apartments to penthouses in Ghana is around 50:1.

Are there penthouses in Ghana?

The answer is Yes, absolutely, most are found in high-end areas within cities such as Accra, Kumasi and Tamale. The majority of penthouses can be found in Accra. Some of the benefits of buying a penthouse in Accra is that you get it at a great price compared to other cities in the world. You will also get spectacular views and great living space, twenty-four-hour concierge services, lower utility bills, additional onsite amenities and in some cases a private pool and even a helipad. With these ideal benefits, getting a reliable company to buy real estate, penthouses, in particular, proves a challenge. There are many real estate companies in Ghana that build and sell penthouses but you should consider the Quao Realty Penthouses as they are built for royalty. 

What factors do you consider before buying a penthouse in Accra?

In order to make the best purchase, one must consider certain factors before buying a penthouse in Accra. Here are five factors to consider before buying a penthouse in Accra.

1. Location of the penthouse

While buying a penthouse in Accra is a great decision, location and citing within the city are very important, Major intercity areas such as Airport residential area, Cantonments, East Legon, Labone North Legon, Dzowulu, West Lands and Tema are all great locations to buy a penthouse in Accra.

2. Price of Penthouse

Though people brand penthouses as very costly, you can find affordable penthouses all over the city. Real estate developers usually price the penthouses for sale in Accra moderately, with good payment plans, although most penthouses are meant for high-end buyers. 

READ ALSO: Luxury apartments for sale in Ghana

3. Size 

For penthouses, size matters. The size of a penthouse must give more than enough living space to its occupants while delivering all the amenities of a luxurious home. A penthouse floor plan must not be less than 1,500 ft and give an air of exclusivity its occupants need.

4. Penthouses must be aesthetically pleasing.

A key consideration of a penthouse must be its aesthetics. Every penthouse must bring forth elements of beauty, sophistication and grace. Some of the most beautiful penthouses in Accra are constructed and sold by Quao Realty. With stunning and panoramic views of Accra, our penthouses deliver in all metrics, especially aesthetics. 

5. Neighbourhood

Finally, when considering buying a penthouse in Accra, its neighbourhood must offer serenity, security and infrastructure. Environments around penthouses must be serene, offering a pleasant atmosphere to live and thrive in. Security must also be considered in order to provide a safe haven for residents and, most importantly, infrastructure must be well maintained and provided. Infrastructure such as public transportation, water and electricity is a priority. 

What are the financial benefits of owning a penthouse in Accra?

Firstly, penthouses in stark contrast to regular housing units and even luxury apartments in Accra appreciate in value as time goes on, usually between 6.5% to 10% in value, thus they offer great resale value to their owners, especially in high-end areas. 

Also, the market of penthouses for sale in Ghana, though a sizeable chunk of the real estate market is also niche enough to enjoy a streamlined selling process. Investing in Penthouses will bring in high yields over time due to its limited nature in Ghana.

Finally, penthouses are less affected by market volatility. The rise and fall in market prices scarcely affect the sale and value of penthouses, especially penthouses for sale in Accra, making them insulated against the booms and busts of the market.

Are penthouses expensive?

Yes, penthouses are typically expensive. Because get stunning views, large living spaces, private terraces, and high-end amenities, penthouses tend to range in the hundreds of thousands and in the millions of dollars. The price of a penthouse can vary depending on factors such as the location, size, and level of luxury, but they are generally among the most expensive properties in a building or area.

With all the above-mentioned, we hope selecting and buying a penthouse in Ghana is going to be significantly easier. Quao Realty is the ideal real estate company to contact if you consider buying your dream penthouse and luxury apartments in Accra, duplex, and even studios.