China is currently Ethiopia’s largest trading partner. By 2015, the trade volume between these two countries had already reached a margin of 6 billion dollars. So far China has invested in various sectors in Ethiopia including the manufacturing industry which is at the top, followed by the construction sector, real estate, and consultancy, among many others. At the start of 2017, the private Chinese...

Demand for residential houses in Addis Ababa has continued to rise over the past few years. More Ethiopians are relocating to town putting pressure on the government to satisfy the housing demands. Nevertheless, the private sector has really stepped into at least cater for some of the demand, especially demand for high-end residential houses. The private sector has been experiencing impressive steady...

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...

In 2017, Africa continued to attract investments, both regional and global which have seen the continent move closer to economic freedom. However, the fluctuating tourism index, shifts in currency and political events presented rewards and risks to hotel markets across Africa. West Africa in particular experienced positive changes as the world prices for oil started to recover. Meanwhile, some markets...

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...

Visitor or expat  looking for a weekend getaway or even a tourist wanting to visit, or, looking for short term rentals accommodations to start your move in the country, EthiopianHome has found for you some nice and comfy accommodations in the capital city Addis Ababa. Families and business people, city and nature lovers will find what they are looking for at the best price. From 1-bedroom studios to...