Homes out of Reach: Mortgage Banks and the Quest for Homeownership

Ethiopia's housing crisis makes homeownership unattainable for most residents, with renters in Addis Ababa spending approximately 65 percent of monthly income on housing, far exceeding the 28 percent international standard. Though new mortgage banks have emerged to address demand, structural challenges including funding shortages, regulatory constraints, and exorbitant land prices severely limit their capacity to provide accessible financing.