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Real Estate in Ethiopia

  • Africa property offers rich pickings for the brave

    BOTSWANA, 2017/08/20 Some property pundits believe there are major opportunities for investors or companies on the continent. While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.

  • international Companies Called Upon to Accelerate Housing Projects in Ethiopia

    ETHIOPIA, 2014/05/21

  • Bidders offered eight times the fear price for condominium shop in lideta

    ETHIOPIA, 2014/03/19 Addis Abeba Housing Development Projects Bureau has earned 284.8 million Br from the sale of condominium shops, in Lideta, in a process that had bidders offering additional than eight times the floor price. The bid opening at the Arat Kilo Sport and Gymnasium Centre, on December 8, 2012, for the Bureau’s offer, on October 30, to sell 150 shops, ranging from 20sqm to 117sqm, attracted 14,000 bidders. The Bureau subsequently announced 149 successful bidders, on Saturday, January 5, 2013.

  • Addis Abeba has only finished 27.5pc of work for the 20/80 condominium project

    ETHIOPIA, 2014/03/19 Addis Abeba has only managed to finished 27.5pc of work for the 20/80 condominium project and 13.5pc for the 60/40 project, over the completed 18 months. The Statement came at the Seventh National Urban Development, Housing & Construction Sector Conference, held at UNECA from March 10 to March 12, 2014. It was at the beginning of 2012/13 that the government began the construction of 107,731 houses. Housing projects in Addis Abeba have consumed 33.7 million dollars for the import of reinforcement bars over the last six months. A letter of credit amounting to 27.3 million dollars has been opened for the import of reinforcement bars, PVC and other accessories, according to the Statement.

  • Chinese Company Targets Real Estate in Ethiopia

    CHINA, 2013/06/19 High profile legal battles have seen trust evaporate from Ethiopia's thriving real estate sector . Starting the excavation work before two weeks ago, the China Geo-Engineering Corporation strives to construct international standard real national complex. The China Geo-Engineering Corporation (CGC), which has before been engaged in the road construction sector in Ethiopia, two weeks ago started the construction of an international standard real estate complex, with three billion Birr capital.
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