Half plot of land price in Ghana
Ghana is a beautiful place to be. They have a fast growing economy for the real estate market, making it profitable to invest. Getting a plot to buy is not a difficult task in a country like Ghana but you must make sure you deal with a trusted dealer and not end up getting defrauded.
You must also do your research and understand the current market trends before making any investment decisions.
In this article, we will talk about half plot of land in Ghana and factors that influence the price of a half plot of land in Ghana and with a valuable insights to help you make an informed decision.
How is half plot measured in Ghana?
The size of a half plot of land in Ghana is usually 100 x 50 feet, but you must note that, this figure changes everywhere depending on how the owner want to sell it. For example, a half plot of land in Kumasi could be either 90 x 40 feet or 100 x 40 feet, whiles in Accra, it could either be 100 x 100 feet or 100 x 70 feet.
Half plot of land prices in Ghana
When it comes to buying a plot of land in Ghana, the type of land has been categorized into two which is a full plot and a half plot. If a full plot of land costs GHS 16,000 in Ghana, you can buy half of it for GHS 8,000. There is no static price for a price of land in Ghana.
The amount you will pay greatly depends on the seller and the location of the plot. The price of land in Accra will not be the same as the price of land in Kumasi, Koforidua and Tema. Plots in the city is more expensive than plots in towns with less development.
The table below is an estimated prices of half plots of land in some cities in Accra.
| City | Half price Of land |
| Afienya | GHS 11,000 |
| Dawhenya | GHS 30,000 |
| East Legon | GHS 50,544,298 |
| Tema | GHS 21,500,000 |
| East airport | GHS 1,200,00 |
| Airport Residential Aria | GHS 45,142, 720 |
| Spintex | GHS 338,750 |
| Pokuase | GHS 20,000 |
| Kasoa | GHS 17,500 |
| Dansoman | GHS 21,500.00 |
| Ningo Prampram | 166,061 |
| Trassaco valley Estate | GHS 301,112 |
| North Legon | GHS 200,000 |
| Shaihills | GHS 30,000 |
Factors Affecting Half Plot of Land Prices in Ghana
1. Location
Half plot of land in prime locations such as the city center or near major roads and amenities will typically be more expensive than those in remote areas. Properties in prime locations are in high demand, and their values appreciate faster than those in less desirable areas.
2. Infrastructure
Land in areas with good infrastructure such as electricity, water and roads will typically be more expensive than those without. Properties with access to essential amenities are more convenient to live in, and this increases their value in the market.
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3. Land use
Half plot of land that being purchased for commercial use, such as for building shops or offices, will typically be more expensive than those intended for residential use. Such Properties generate more income, and their value appreciates faster than purely residential properties.
4. Market conditions
When the demand for land property is high, prices tend to go up, and vice versa. This means that the price of half plot of land can fluctuate depending on the state of the market.
5 Size and Shape
Irregularly shaped land or land with difficult terrain may be more difficult to develop, and this may lower its value. Smaller plots of land may be less desirable than larger ones, and this can affect their price.
what can you build of a half plot of land
Below are some common types of residential buildings you can build on a half plot of land.
- A 2 bedroom flat with parking space.
- A 3 bedroom flat with parking space.
- A 4-bedroom flat with parking space.
- A one bedroom flat plus a unit of self-contain room with parking space.
- A bungalow comprising 2 units of 2-bedroom with parking space
- 4 units of mini-flats
- A 2 bedroom duplex with parking space
- A 3 bedroom duplex with parking space
- A 4 bedroom duplex with parking space
- A storey building comprising 4 units of 2-bedroom flats with some parking space
- A 3bedroom duplex plus 2 units of mini-flats with adequate parking space
- A 3bedroom duplex plus 2 units of 2bedroom flats with some parking space
- A 4-bedroom duplex with 2 units of mini-flats with some parking space
- A Semi-detached 3 bedroom duplex with adequate parking space
Conclusion
The price of half plot of land in Ghana can vary greatly depending on factors such as location, infrastructure, availability of utilities, among others. It is necessary for anyone looking to purchase a half plot of land to make a thorough research and seek guidance from professionals to ensure they get the best value for their money. Owning a piece of land in Ghana can be a great investment for both individuals and businesses.
