Types of Rental Properties in Ghana

Renting out property in Ghana is not a new concept. In fact, it is one of the fastest-growing industries in Ghana today. There are various types of rental properties that people can rent out. Here are some of them:

Apartment/Flats

The first type of rental property is apartments. These are ideal for families who want to live together while renting out their apartment to others. Usually, these units have two bedrooms and a kitchenette. Apartments are generally located in urban areas and are well maintained.

Houses

This is the second kind of rental property. House rentals are suitable for those who do not need much space. Houses are ideal for individuals who want to live alone. A house may have one bedroom, a bathroom, a kitchen, and a living room. Houses are usually located in suburban areas.

Farmlands

Farmland rentals are perfect for farmers who want to earn extra income. However, farmlands require a lot of maintenance. Farms can be rented out for a period of time ranging between 2 months to 5 years depending on the size of the land.

Commercial Properties

Commercial properties are ideal for businesses that want to expand. These properties come in different sizes and shapes. They can either be stand-alone buildings or attached buildings. Commercial properties are best located in central business districts (CBD) or in the busy side of Accra, Kumasi or Takoradi depending on what you do

Hotels

Hotel rentals are ideal for individual travelers who want to stay at hotels. Most hotels offer free WiFi internet access and basic amenities. Hotel rentals are ideal for people who want to visit a place and relax.

Industrial Units

Industrial unit rentals are suitable for companies that want to set up shop in an area. These units are ideal for small businesses. Companies can use these units to store equipment and supplies.

Looking to invest in Ghana? I guess you can consider investing in a rental property for higher gains and returns