The Ghanaian real estate market is growing rapidly, with more developers offering off-plan properties homes or apartments you purchase before construction is completed. For many buyers in Accra, Tema, and beyond, this option can be attractive because it often comes with lower prices, flexible payment terms, and a chance to own modern homes in prime locations.
But while buying off-plan has its benefits, it also comes with risks. At Keystone Group, where we specialize in helping clients buy and rent verified properties, we know that making informed decisions is key. Here’s what you need to consider before committing to an off-plan property in Ghana.
1. Research the Developer’s Track Record
Not all developers deliver what they promise. Before signing any agreement, check the developer’s past projects, delivery timelines, and quality of work. Speak to previous buyers, visit completed properties, and ask whether the company is registered and licensed.
2. Understand the Payment Plan
One advantage of off-plan property is the flexible installment payments — but don’t let that distract you from the details. Ask clear questions:
• What percentage is paid upfront?
• How are the installments structured?
• What happens if construction is delayed?
Having a transparent financial plan is crucial to avoid surprises.
3. Know the Risks of Delays
In Ghana, construction timelines can be unpredictable due to financing, permits, or even land disputes. Ensure your contract includes clauses about delivery timelines and penalties for delays.
4. Verify Land Ownership and Documentation
Before you pay, confirm that the land title and permits are in order. Many Ghanaians have been disappointed by unverified properties that later turned out to have disputes. A registered agency like Keystone can help protect you by reviewing documents before you commit.
5. Be Clear on What’s Included
Is the property delivered as a shell (bare walls and floors), semi-finished, or fully finished with tiles, kitchen cabinets, and fittings? Many buyers assume the latter but discover otherwise. Always ask for detailed specifications and view samples where possible.
6. Consider Future Value and Location
Off-plan properties are often built in developing areas. While this can be good for long-term appreciation, you should consider road access, schools, shops, and future infrastructure projects. Location is everything in real estate both for living and for resale.
Final Thoughts
Buying off-plan property in Ghana can be a smart investment, but it’s not a decision to make blindly. The key is verification, transparency, and trusted guidance. At Keystone Group, we ensure that whether you are buying, selling, or renting, you deal only with verified properties and professional agents who put your interests first.
