Ethiopia Ranks Near Bottom on Global Housing Affordability Index

Only Syria and Cuba rank lower than Ethiopia on a recently published global index on income and property prices, highlighting the massive gap between income and housing costs in Addis Ababa and elsewhere. According to Numbeo, a crowd-sourced online database of consumer prices, property prices, and quality of life metrics, Ethiopia's property price-to-income ratio (PIR) is 47.1, indicating the average Ethiopian spends almost half of their income on housing.