News by Country
Published stories attached to Ethiopia.
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Municipal demolition directives in central Addis Ababa are clearing historic markets and residential neighbourhoods to make way for private real estate development, with residents and traders reporting verbal vacate notices.
A new Ethiopian directive allows non-nationals to register a house in their own name for the first time since the Derg era, with entry prices starting at US$100,000 and a five-year residence permit attached.
Addis Ababa's housing bureau lifted the baseline construction cost for government employees' housing cooperatives from 35,000 to 50,000 birr per square metre, prompting several cooperatives to halt work.
Ethiopian developer Noah Real Estate says it has received no court summons, responding to homebuyer petitions over price adjustments and apartment size variations that have triggered temporary injunction applications.
Ethiopia's housing deficit persists despite heavy public capital because land, building materials and governance bottlenecks, not finance, constrain delivery, The Reporter argues.
Ethiopia is establishing its first dedicated mortgage refinance company, capitalised at 100 billion birr (about $620 million), under a National Bank of Ethiopia and IFC cooperation framework aimed at unlocking long-term housing finance.