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A growing number of high-net-worth Nigerians are moving capital into Accra's premium residential market, drawn by the kind of structured, yield-generating real estate that has become increasingly difficult to find at home. At the centre of that push is Devtraco Group, one of Ghana's oldest and most established developers, which has been actively courting Nigerian buyers through its flagship developments in the city's most coveted addresses.
Devtraco Group has spent more than three decades shaping the real estate sector in Ghana, with projects concentrated in Accra's most exclusive neighbourhoods, including Cantonments, Labone, Dzorwulu and the Airport Residential Area. Its current portfolio includes The Address, Arlo Cantonments and The Pelican, three developments that have become reference points for what premium living looks like in West Africa's most diplomatically dense city.
Derek Jason Bossman, a key figure at the group, has been making the investment case directly to Nigerian audiences, stressing what he describes as location discipline and long-term positioning. Appearing on national television, Bossman highlighted how Devtraco's developments are intentionally sited within Accra's strongest performing districts, where rental demand remains resilient and premium property continues to appreciate steadily.
The numbers back the pitch. Apartment investments in Accra currently yield between 7 and 10 percent in rental returns, with prime areas like Cantonments and Airport Residential showing annual appreciation potential of 15 to 20 percent. That kind of performance is hard to replicate in Lagos right now, where currency volatility and regulatory unpredictability have made dollar-denominated returns increasingly rare.
Cantonments remains one of Accra's most desirable and stable neighbourhoods, home to diplomats, NGOs and executives who prefer long-term leases and secure environments. It is precisely that tenant profile, reliable, solvent and largely insulated from local economic turbulence, that makes the proposition attractive to investors seeking predictable income rather than speculative plays.
Vacancy rates in Accra's best rental areas, including Airport Residential Area, Cantonments, Roman Ridge, Ridge and Labone, appear stable to declining as of early 2026, as demand from embassies, NGOs and corporate tenants keeps quality units occupied. In practice, that means landlords in these zones are increasingly able to demand 12 to 24 months of rent upfront without losing tenants, a condition that speaks to just how tight supply has become.
Devtraco's model pairs location quality with payment structures designed to reduce friction for cross-border buyers. Projects including The Address and Arlo Cantonments are designed not only as residences but as structured investment assets, supported by professional property management, installment plans and strong tenant profiles. That combination matters for Nigerian buyers who want oversight without proximity, investors who want to own property in Accra without having to manage it from Lagos.
Property prices in Accra have increased by 5 to 8 percent year on year through 2024, with projections indicating a further 5 to 10 percent rise by the end of 2025, driven by rapid urbanization, a growing middle class and robust foreign investment outpacing limited housing supply.
Broader context matters here too. Ghana's property market prices most high-end transactions in U.S. dollars, which offers Nigerian investors a natural currency hedge at a time when the naira has been under sustained pressure. Accra offers better returns than most African cities; in places like Nairobi or Cape Town, average gross rental yields range between 4 and 6 percent, while Accra provides 8 to 11 percent.
Devtraco Plus, operating under the broader Devtraco brand, has over three decades of experience and has carved out a market for premium-quality dwellings in Accra's most prominent zones, with a vision built around outstanding customer service as its distinguishing feature.
