Real Estate News & Articles
Stay updated with the latest news and insights from the Ethiopian real estate market
Is 2025 a good time to buy real estate in Ethiopia?
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.
Read more→Ethiopia's Real Estate Response to the Recent Foreign Currency Reform
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.
Read more→Real Estate in Ethiopia: A New Era of Regulation
Ethiopia is taking a bold step towards regulating its real estate sector with a new draft law that aims to protect buyers and promote responsible development. The law proposes a licensing requirement for developers, ensuring only qualified individuals are involved. It also mandates escrow accounts for funds collected from buyers, preventing developers from misusing the money.
Read more→The Impact of Government Regulations on Ethiopia’s Real Estate Market
Is Ethiopia’s Real Estate Losing its Balance? With a series of impactful economic reforms, Ethiopia’s business environment is undergoing a significant transformation, impacting virtually all sectors. One of the most affected is the real estate sector, which is navigating a complex landscape marked by both opportunity and constraint. The recent shift to a market-based foreign exchange rate has led to increased costs for imported construction materials and machinery, along with fluctuations in the value of the USD against the birr.
Read more→How Birr Liberalization Will Transform Ethiopian Real Estate
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 area of interest is how this will affect the real estate market in Ethiopia. In short, we expect a mixed bag of impacts.
Read more→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 complement the existing property tax legislation currently undergoing legal and administrative procedures, with implementation slated for either 2024 or 2025.
Read more→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 an event held on January 23, 2024, the new bank named Ovid Betoch Bank was inaugurated and raised over 1B Birr in share sales. This is a welcome news for an industry starved for financing and dealing with a severe downturn, says Sofia Asefa, a real estate analyst and co-founder of this blog. According to Sofia, this could be a catalyst in re-starting the dormant real estate market.
Read more→The real estate market in Ethiopia: 2024 forecast
As we step into the year 2024, the real estate landscape in Ethiopia continues to evolve, presenting both challenges and opportunities for investors, homeowners, and industry stakeholders. In this article, we will give you a clear picture of what's happening in Ethiopia's real estate scene for the year ahead.
Read more→Mortgage in Ethiopia
Home loan in Ethiopia is one of the highly requested loan services in Ethiopia. Mortgage loan is a type of service where customers can own their living home within a long period of repayment term. Even though the criteria differs from one Bank to the other, this loan service works for customers who would like to construct their house from scratch, to build additional home using an existing compound, and purchase a new house. The Term house loan or mortgage loan in Ethiopia might also include commercial builds or units.
Read more→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 an end with a peace deal. This led to a gradual recovery of the market through the January to May period. Things started heating up around June/July when prices escalated, hitting a crescendo in August/September before falling off a cliff in the October to December period.
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