Addis Abeba's Land Auction Spurs Bidding Frenzy During Affordability Concerns

Addis Abeba's sixth public land lease auction following a five-year pause revealed conflicting signals about the capital's real estate sector. Though the maximum land price dropped nearly 58 percent from its previous peak, descending from 218,000 Br to 91,330 Br per square meter, robust bidding demonstrated persistent market demand. The city administration placed 132 plots across seven districts on the market, with over 5,200 individuals purchasing bid documents and more than 3,500 submitting formal offers.