News and analysis on the Ethiopian real estate market
Toronto, Ontario
Joined January 2020
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Impact of the new exchange rate regime on real estate.
ethiorealestate.com/how-birr…
Ethiopian real estate shows signs of recovery
I have not posted in over a year. There was no point really. For two years the gov enacted policies after policies that ended up decimating the sector and it was clear that recovery will take time.
Through my blogs I warned that...
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there is light at the end of the tunnel. According to my sources (commission agents and real estate developers), there is an increased activity especially in the apartment and condominium sector.
The most severely affected was land and villas. This was due to the fear that ...
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The first good news for Ethiopian real estate in two years.
BREAKING: Ethiopia’s Council of Ministers has approved a draft law permitting foreign nationals to own immovable property for the first time, a major shift aimed at boosting investment and housing development.
birrmetrics.com/ethiopia-to-…
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A new legislation to require real estate companies to put advanced payments in blocked bank accounts.
In a draft bill unveiled in the house of representatives today, several strict rules are to be introduced. Here are the highlights:
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What would you buy with the new diaspora bank loan that was availed by the NBE?
77%Real estate
12%Car
12%Other
52 votes • Final resultsVery useful thread from the famous journalist @GetachewSS
Ethiopian Realestate In (almost) crises : The once booming sector is now in a sharp decline. Some of the leading realestate companies are either scaling back or discounting their units to attract a dwindling market. If you are a buyer, this is your chance. 1/5
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Deadline to register rental agreements has been extended by one month to Hamle 27 (August 3, 2024). The Addis Ababa city government announced that so far over 240,000 agreements have been registered by the original deadline of Sene 30.
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Ovid Real Estate attempts to woo the diaspora community with a platinum sponsorship of Teddy Afro's concert in Dubai!
URGENT
An opinion piece on why the draft regulation can kill the Ethiopian real estate market.
ethiorealestate.com/the-fina…
**Breaking News: Draft law threatens to confiscate diaspora properties without proof of bank receipt
If enacted, it will grant the state powers to investigate and confiscate private assets without requiring a court order. Key elements of the proposed legislation include:
