The Best Type of Property To Own In Ghana

If you are looking to buy or invest in property in Ghana, you’ve come to the right place.

With one of the fastest-growing economies, Ghana has become a gold mine for investors. Coupled with its accelerated rate of development and reputation as one of the best tourist destinations in the world, there is an increase in demand for housing and other types of property in Ghana. As a result, owning property in Ghana should not just be at the top of your bucket list, it should be your bucket list. Whether you are planning to rent out, work out of or live in them, you could never go wrong by investing in property in Ghana. But one serious question you should ask yourself is “what is the best type of property to own in Ghana”? Well, that’s where this article comes in handy. Read more to determine the best type of property to own in Ghana.

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What are the types of properties in Ghana?

There are two main types of property in Ghana. These are:

• Commercial properties
• Residential properties.

Commercial Property

Commercial properties are used primarily for business purposes. This includes office buildings, wholesale and retail stores, warehouses, storage facilities, and factories. If you are looking to start or expand a business or you are looking to own property to rent out to businesses, owning a commercial property is a good investment for you. With Ghana’s rapidly growing economy, there is more demand for commercial property. Commercial property will generate income through rent, can appreciate over time, and provide a stable source of cash flow.

Residential Property

This type of property is used primarily for living purposes. Also referred to as housing property, residential property is used as a living space, meaning one can either live in such a space or rent it out to others to live in. If you are looking for a home or looking to invest in housing or you intend to start an Air BNB in Ghana, this is the type of property for you. In Ghana, there are 3 types of housing/ residential properties but only two of them are of importance to us and these two are:

Traditional housing

Traditional housing refers to property homes that are built using unique traditional building methods, architectural styles, materials, and intricate decorative designs. They can be made of mud, wood, or thatch, and are commonly found in rural areas. Traditional housing is usually designed to suit the needs of the occupants and their lifestyles. If you are looking for a residential property where you can find a sense of community among other residents, this is the type for you. Traditional housing properties tend to have multiple large spacious rooms built to host more than one resident. Investing in such a property means you can generate a lot of revenue.

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Modern Housing 

Modern housing refers to residential properties that are built using modern building methods, architectural designs, and materials. Characterized by innovative contemporary architectural styles and designs, these properties are designed to meet modern lifestyle needs. Modern housing properties often feature modern amenities such as air conditioning, advanced plumbing and electrical systems, heating systems, and security systems. These include

Apartment/ Flats

These are one of the most popular types of modern housing properties. Apartments usually consist of a building or complex that has multiple residential units. These properties may come in all shapes, dimensions, and sizes. The individual units within an apartment may also vary in size, layout, and the kind of services or amenities provided, with some having a single bedroom, bathroom, kitchen area, and living space, while others may have multiple bedrooms, terraces, pools, and more. An advantage of apartments is that you get to enjoy modern amenities in a nice quiet and private setting. Some apartments may have fitness centers, business centers, lounges, restaurants, and more. Based on your preferences, you may choose to opt for:

• 1-3 or, more bed apartments or flats
• Studio apartments
• Duplex
• Penthouses
• Condominiums

If you are looking to buy an apartment, one of the best properties you can find on the market is One Elm by Quao Realty. One Elm is a magnificent architectural edifice characterized by delicate finishes and diversified textures that give the property a sophisticated and breathtaking appearance. The exquisite landscape, manicured gardens, and generously designed glass window panes further complement the elegance of this refined structure, transforming it into a picturesque haven. The interior of this structure is, by no means, lacking. With gleaming marble floors and elegant fixtures, this property is a mix of comfort and luxury. Whether you are looking for a 1, 2, or 3-bedroom apartment, a duplex, or a penthouse, this is for you. With a fully fitted kitchen, ensuite bedrooms, indoor playground, efficient high-speed Wi-Fi, state-of-the-art gym and restaurant, and 24-hour security and surveillance, this property will cater to your every need, even the ones you didn’t know you had, including a stable and safe environment for families, appreciation in value over time, and the potential to generate rental income. Another benefit of owning this property is its ease of access to some of the best social facilities in the city. One Elm is a few minutes drive from some of the best restaurants, clubs, and social centers in the country. Another wonderful reason to own a property at One Elm is its location. It is located right in the vicinity of the airport, so you know this property is prime real estate and that its value will keep rising. Therefore, for all the investors out there, this is one property you should own.

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The Essence

Another exceptional property to own is The Essence. This magnificent piece of property is the embodiment of perfection. This uniquely designed property is situated in an intimate yet majestic location, where intricately structured glass windows peak into an idyllic private rooftop infinity pool. The interior is exquisitely designed with the sole purpose of providing a luxurious yet comfortable environment. The Essence provides beautifully designed spacious rooms, a fully fitted kitchen, a regal lounge, 24-hour security services, and more. In The Essence, privacy is of the utmost importance, so if you are someone who likes to keep things quiet or you are looking for a place where you can live, think and sleep peacefully, this is the property for you. This property is also located in one of the locations in the country, granting you access to the best schools, hospitals, restaurants, clubs, and more. The Essence has any type of apartment you may need. Whether it is a 1, 2, or 3-bedroom apartment, duplex, penthouse, or studio apartment, The Essence will be perfect for you. Other benefits of owning this type of property include a stable and safe environment for families, appreciation in value over time, and the potential to generate rental income.

233 Boulevard

If you are looking for an exceptional apartment that is worth buying or owning, you should check out 233 Boulevard. This awe-inspiring work of art is one of the most beautiful structural properties in the country. Aside from being located in one of the best vicinities in Accra, this sophisticated property has some of the best amenities any property has to offer. With a well-equipped gym, elevator, lounge, standby generator, swimming pool, immaculate and modern-fitted kitchen, concierge, outdoor cabana, multi-purpose space, and connection to multiple media points, there is nothing you could want in a property that 233 Boulevard doesn’t have. Studios, apartments, and duplexes, they have it all. With access to all the best places in Accra, top-notch parking and 24-hour security, a stable and safe environment for families, appreciation in value over time, and the potential to generate rental income, this is not a property you would want to own, this is a property you should own.

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If you are looking for a company that can provide you with the best types of property in Ghana, look no further than Quao Realty. As one of the leading real estate companies in Ghana, Quao Realty specializes in the sale of various types of properties. The company has an impressive portfolio of properties ranging from residential to commercial, agricultural, and industrial properties. With Quao Realty, you need not worry about technicalities like land ownership documents as they will all be taken care of by professionals. Properties sold by Quao Realty offer several benefits, including a stable and safe environment for families, appreciation in value over time, and the potential to generate rental income.

There are many different types of property in Ghana. They all have different unique features and they are worth every cedi invested in them. Because the properties serve different purposes, classifying the best property will ultimately depend on what the property is to be used for or who is using it.