Here is how Accra's Residential Pipeline Market has been performing

Deborah Jesusegun . 3 years ago

Here is how Accra’s Residential Pipeline Market has been performing

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Article Summary: Like the Lagos residential market, Accra faces an undersupply of housing units, with the mid to low end sector accounting for the majority of the demand. Based on our analysis, while there are up to 800,000 residential units in Accra, the development pipeline is set to bring an additional 23,000 units on to the market…


Like the Lagos residential market, Accra faces an undersupply of housing units, with the mid to low end sector accounting for the majority of the demand.

Based on our analysis, while there are up to 800,000 residential units in Accra, the development pipeline is set to bring an additional 23,000 units on to the market . This will account for approximately 3% of the total stock, with the majority of this pipeline (80%) falling within the middle income to affordable sectors. The mid to low end residential segments  also continue to record relatively high occupancy rates owing to the domestic nature of demand. 

On the other hand,  vacancy rates remain high at approximately 20% in the prime residential segment of the market due to a decline in demand from expatriates and multinational employees. However, the short-let segment of the market has continued to see increasing demand with tourists and business travellers preferring this medium to hotels.

Some of the top residential pipeline projects along with their developers include:

Overall, our outlook for the prime residential sector remains negative while the mid-low end segment is positive.

Click here to download our full Accra Pipeline report that gives insight on the real estate pipeline market in various sectors.

We love your feedback! Let us know your thoughts on Accra’s residential pipeline by sending us an email at [email protected].