Discover the perfect property in your desired location
Anyone who frequents Addis Ababa's bustling Bole Medhanialem neighborhood is likely familiar with the young men and women who prowl its streets, plying passersby with business cards and forms for ownership of a small piece of the city's ballooning property market.
Ovid Group has announced a significant agreement to construct and deliver 5,000 homes over the next two years in collaboration with two major institutions. This initiative aims to provide affordable, modern housing options to various stakeholders, including Ride Transport and its affiliated entities.
Are you considering buying real estate in the land of Origins? Are you pondering if it's the right time to buy or if you should consider waiting until next year? Each person has their own stance on market timing. Your Ethiopian acquaintance might suggest that now is a perfect time to invest in property, whereas your spouse, who is originally from Addis Ababa, might have a different view and recommend waiting for more stability.
In a major economic move, the National Bank of Ethiopia has shifted from a decades-long, fixed exchange rate to a market-based foreign exchange rate. This reform aims to restore market balance and stability, ushering in a new era for Ethiopia’s financial environment. While the change has sparked debate among economists and business leaders, with public discussions on social media, the real estate sector has not received much attention. The sector may face higher costs due to currency volatility, increasing construction material prices and development costs.This article will explore these impacts and the broad implications for Ethiopia’s real estate market.
