How Birr Liberalization Will Transform Ethiopian Real Estate
Editor The liberalization of the Ethiopian birr has been the talk of the town in recent days, with widespread expectations that its impact on the economy will be profound. A key…
The Final Nail in the Coffin for Ethiopian Real Estate
Over the last 12 months, the Ethiopian real estate market has endured a series of shocks, from the suspension of bank loans to a significant increase in the land transfer…
Ethiopian Government Plans to Introduce New Real Estate and Vehicle Taxes
The Ethiopian government is set to implement additional taxes on real estate and vehicles, as outlined in the latest Home Grown Economic Reform documents. This new real estate tax will…
Addis Ababa Property Owners and Developers Anxious Amid Birr Devaluation and Corridor Development
Over the past year, property owners and developers in Addis Ababa have faced a whirlwind of regulatory changes, including heightened roof and wall taxes and title deed transfer fees. Additionally,…
500 Million Birr minimum required to develop your own property in Yeka
Property owners in Yeka subcity located along the Corridor Development path, are accusing the government of not respecting their property rights. A resident and owner of a plot of land…
New rent control “will likely worsen the problem”
The Ethiopian government has passed a new legislation aimed at tightening controls on housing rent hikes. Today, the legislation passed through parliament with a majority vote, with just three abstentions.…
2024 Ethiopian Real Estate Outlook
The Ethiopian real estate market ended 2023 in a down note. The first few months of 2024 offered no respite as many of the same negative factors at the end…
Ovid to establish a mortgage bank
Ovid Group, the giant real estate company that made waves recently when it completed the construction of several buildings in 90 days is preparing to establish a mortgage bank. In…
How to finance a real estate project in Ethiopia when the banks say no
There are several ways to finance a real estate project in Ethiopia, but the most common one is to get a bank loan (construction loan). Another common method is pre-selling…
Year in review: Addis Ababa Real Estate in 2023
The Addis Ababa real estate market in the year 2023 experienced a classic boom-bust cycle. It started with a hopeful tone right after the war in the north came to…