News
Land lease, auctions and urban land policy in Addis Ababa and beyond.
Other topics:MarketLaw and policyMortgage and financeDevelopersHousing programsInvestmentTax
· Addis Fortune
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.
· The Reporter Ethiopia
This article details the second and most extensive phase of Addis Ababa's Corridor Development Project, an ambitious urban transformation initiative in Ethiopia's capital. It covers the relocation of residents to improved housing and infrastructure upgrades including fire hydrants, drainage systems, and recreational facilities, with 110 plazas and 53 playgrounds planned for the phase.
· Addis Fortune
Addis Ababa's city administration announced plans to resume its land lease program, making 100 plots available through auction, with Mayor Adanech Abiebie making the announcement at the inauguration of apartments built by Al-Sam Properties. The city had suspended regular land auctions for over two years to combat illegal transfers and speculation. The mayor encouraged developers to complete projects promptly and avoid land hoarding.