ethiopia

Ethiopia's property system, where the government owns all land and has broad authority to seize it, has led to a chaotic and unstable living environment for its citizens. This article delves into the challenges faced by Ethiopians due to the lack of private land ownership, the impact on urban development, and the plight of those living in informal settlements. The larger context of instability, including...

Founder and CEO of Kris Lindahi Real Estate said the homeowners are waiting for nothing but loss because it is the best time to sell their properties at the best prices ever they can get in the market. Kris Lindahi expressed this to Marketwatch. The demand for houses has been increasing over the years, which is favorable for the homeowners to sell their properties at higher rates they could ever get....

Do you have a small space in your home that feels annoying to be left empty, but nothing can be put there? Or is your room too cramped, it forces you to get creative with your furniture arrangements? Well, you’re just one among many. Therefore we are here to deliver three smart solutions to bring spacious vibe to small spaces. 1. Flexible furniture When the ground area has limited floor space,...

Business dynamics have changed a lot over the period. Nowadays, investors eagerly focus on Real Estate Business opportunities. The investment made at the right time and the right place proves a win-win situation for the investors. Making an investment decision requires complete research to secure the investment, and one needs to consider many areas. A complete understanding of the local land laws is...

Land and buildingloans are not easy anymore. This is because the Commercial Banks and the National Bank of Ethiopia have suspended all the loans contingent on land and property. The State Minister said in an interview on FM Radio that for illegal purposes, money was being used. There are solid indications that the black market has gained a lot from such malicious activity. And now the country's Central...

Ethiopia is the African country where is the most important number of millionaires. This comes from the success of the economic growth based on subcontracting. The number of millionaires increased by 108% between 2007 and 2013 and reached 3,000 people. This growth is more important than anywhere else in Africa. One might explain it is due to the GDP growth that was two digits during the 2000’s. The...

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...