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.