Ethiopia is among the leading countries in Africa with massive construction of housing schemes. These schemes are concentrated in Addis Ababa, with the government trying to cater for the ever-growing urban population. The ability for the Ethiopian government to solve the relenting urban housing demand is uncertain with the forecasted doubling of the current population to 8 million by the next decade....
Additional 8,428 homes will be constructed in Bole District, Addis Ababa under the middle-income housing scheme. The houses will be built on a 38ha land acquired by the Addis Ababa Savings & Houses Development Enterprise (AASHDE) from the City Administration. The project will feature 54 buildings in which the new homes will be enclosed in Bole Arabsa. The homes will be built in one, two and three...
The Addis Ababa City Housing Agency has earmarked 1,050 shops located across the city for auction. This auction will be on its 15th round in Addis Ababa. The shops to be auctioned are located in low-cost condominium housing schemes spread across four sub cities including Yeka, Akaki Kality, Bole and Kolfe Keranio areas. In Bole, 692 shops contained in five condominium sites will be auctioned while...
The price of condominium shops up for auction are constantly rising making individuals who are interested unable to afford them. The prices shops on the bottom floors of condominiums are ever highest and mainly taken by banks and companies who make better offers. Brokers and real estate companies are usually the highest benefits of such shops. In areas such as Bole, Arabsa, high offers are made up to...
Ethiopia’s construction sector is one of the significant economic pillars in the country. Information acquired from the Ministry of Construction indicated that the real estate and other construction contributed 12.5 percent in Gross Domestic Product. With increased public demand for residence, the government has been engaged in addressing such issues by employing several condominium house schemes which...
The once rapidly growing real estate sector in Kenya may soon come to a stall. The housing industry is currently facing challenges a shortage of affordable housing for the high demand with signs of oversaturation of properties. At a glance, the real estate growth is quite visible especially in the country’s capital, Nairobi City. Many areas are currently construction sites, and one cannot miss the...
Ethiopia has witnessed an increase in the capacity of its citizens to afford stately housing. A land once ravaged by the onslaught of natural calamities like drought is now seeing better days. Areas where nothing but agricultural land predominated are now being populated with top class housing this is the development in the elite suburb of Yerrer View. The World Bank has noted an annual 10 percent...
Nigeria held its first ever Fusion of Real Estate, Interior Design, and Art, (FREIA) exhibition and conference in Lagos and emphasis were laid on the need of shifting building design features to internal elements. A structure may be physically appealing outwards, but the main concern is the interior design. The work goes beyond laying bricks, but for a better market, the interior must be critically...
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