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East African Holding to Implement 800 Housing Units in Addis Ababa

East African Holding to Implement 800 Housing Units in Addis Ababa

The Board Chairman of East African Holding, Buzuayehu Tadele Bizenu, indicated in his Ethiopian New Year message on Monday evening, which was telecast on the state broadcaster ETV that the industrial conglomerate had gotten involved in real estate development via launching the construction of about 800 houses in Addis Ababa, the country’s capital. East African […]

Addis Ababa Luxury Apartments by Eagle Hills All Set To Be On Sale

Addis Ababa Luxury Apartments by Eagle Hills All Set To Be On Sale

Eagle Hills, a renowned Abu Dhabi-based private real estate investment company and developer of new city hubs and several other projects in the high-growth international market, prepared to initiate their luxury apartment project at the prime location Addis Ababa, capital of Ethiopia. In November, it was declared when the company decided to launch the plan […]

African urban growth is expected to be massive

African urban growth is expected to be massive

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably […]

Ethiopia: Radical Redesign in Housing needed as Addis Ababa runs out Space

Ethiopia: Radical Redesign in Housing needed as Addis Ababa runs out Space

Ethiopia is among the leading countries in Africa with massive construction of housing schemes. These schemes are concentrated in Addis Ababa, with the government trying to cater for the ever-growing urban population. The ability for the Ethiopian government to solve the relenting urban housing demand is uncertain with the forecasted doubling of the current population […]

Ethiopia: Construction of more 8,428 Condo Houses-Enterprise

Ethiopia: Construction of more 8,428 Condo Houses-Enterprise

Additional 8,428 homes will be constructed in Bole District, Addis Ababa under the middle-income housing scheme. The houses will be built on a 38ha land acquired by the Addis Ababa Savings & Houses Development Enterprise (AASHDE) from the City Administration. The project will feature 54 buildings in which the new homes will be enclosed in […]

Ethiopia: New List of Shops up for the coming Auction

Ethiopia: New List of Shops up for the coming Auction

The Addis Ababa City Housing Agency has earmarked 1,050 shops located across the city for auction. This auction will be on its 15th round in Addis Ababa. The shops to be auctioned are located in low-cost condominium housing schemes spread across four sub cities including Yeka, Akaki Kality, Bole and Kolfe Keranio areas. In Bole, […]

Ethiopia: Escalating Prices Condo Shops excluding Smaller Players

Ethiopia: Escalating Prices Condo Shops excluding Smaller Players

The price of condominium shops up for auction are constantly rising making individuals who are interested unable to afford them. The prices shops on the bottom floors of condominiums are ever highest and mainly taken by banks and companies who make better offers. Brokers and real estate companies are usually the highest benefits of such […]

Ethiopia: The Role of Government and Private Sector in Housing Development

Ethiopia: The Role of Government and Private Sector in Housing Development

Ethiopia’s construction sector is one of the significant economic pillars in the country. Information acquired from the Ministry of Construction indicated that the real estate and other construction contributed 12.5 percent in Gross Domestic Product. With increased public demand for residence, the government has been engaged in addressing such issues by employing several condominium house […]