East Legon vs Cantonments: Which Neighborhood Offers Better ROI?

East Legon and Cantonments represent two of Accra's most desirable residential areas, each offering unique advantages for property investors. Understanding their differences is key to making the right investment choice.

East Legon has experienced rapid development over the past two decades, transforming from a quiet suburb into a bustling residential and commercial hub. Property values have appreciated significantly, with average annual growth of 10-12%.

Cantonments, being closer to the city center and diplomatic enclave, has traditionally commanded premium prices. Its established infrastructure and proximity to key business districts make it highly attractive to expatriates and executives.

Rental yields in East Legon typically range from 7-9%, with strong demand from both local professionals and expatriates. The area's modern amenities, shopping centers, and international schools make it particularly appealing to families.

Cantonments offers slightly lower rental yields of 6-8%, but benefits from more stable, long-term tenancies. The diplomatic and corporate presence ensures consistent demand, even during economic downturns.

From a lifestyle perspective, East Legon offers more modern developments, newer infrastructure, and a wider variety of dining and entertainment options. It's the choice for those seeking contemporary urban living.

Cantonments provides a more established, quieter environment with mature landscaping and a strong sense of community. Its proximity to the airport and business districts reduces commute times significantly.

For investors, East Legon may offer higher growth potential due to ongoing development and increasing demand. However, Cantonments provides stability and prestige that appeals to a specific, high-value tenant demographic.

Property prices in Cantonments are generally 15-20% higher than comparable properties in East Legon, reflecting its premium positioning and limited supply.

The choice between these neighborhoods ultimately depends on your investment strategy. Growth-focused investors may prefer East Legon, while those seeking stable, premium returns might favor Cantonments.

Both neighborhoods offer excellent investment opportunities, and diversifying across both areas can provide an optimal balance of growth and stability in your real estate portfolio.