Real estate in Ethiopia is one of the most profitable, high in-demand sectors. The sector majorly resides in Addis Ababa, one of the top fastest-growing cities in Africa, which makes the city the right destination for real estate companies in Ethiopia to invest in to build luxury homes.
The real estate sector has been one of the fastest-growing sectors of the Ethiopian economy, and it is contributing a large sum to the nation’s GDP. Metropolitan Real Estate, is proud to be part of this growth story that is contributing to the nation’s economic development.
The sector has gone through several phases rise its emergence in the 1990s to where it has gotten now.
The primary destination of the real estate industry in Ethiopia, of course, is Addis Ababa. The fuel for real estate in Addis Ababa has been and will always be the enormous housing demand, which seems to be ever-growing.
Why is Addis a Perfect Spot For Real Estate Development?
Demographics- There is a fast migration to Addis Ababa from all over Ethiopia. People keep migrating to Addis in the hopes of making a better living. That benefits real estate in Addis Ababa, as more and more people look for property for sale or rent.
The capital of Africa – as we all know; Addis Ababa is the capital of Africa. For this very reason, lots of people come to Addis.
Future Hopes For Real Estate in Ethiopia
- Government policies are encouraging real estate investment
- Advancement in the technology of construction
- Unmet housing demand
Contribution of Metropolitan Real Estate PLC
Metropolitan Real Estate PLC, operating in the areas of real estate development, has been contracting to industrial plants, shopping mall projects, and mainly luxury real estate and residence projects, all over the world for many years. And we expanded to Addis Ababa realizing that quality Ethiopian homes are much needed.
Metropolitan Real Estate has two luxuries and one standard Apartment. Central Tower Luxury Apartments are around AU headquarters. And Westview Standard Apartments are located at Total Soset kuter Mazoriya for sale. They are homes your family will cherish with their spacious rooms, spectacular view, furnished kitchen, which also provides a 24/7 uninterrupted power supply, high-capacity water tank, elevators, and automatic security systems.
- The sector has contributed 12.5% to domestic growth in the past ten years.
- The income generated by real estate is growing by 14.1% every year
- There is a 37% increase in Investment in real estate to real estate developers between 2004 and 2007.
Metropolitan real estate PLC is an American-based company building quality homes in Ethiopia to fulfill the needs of luxury real estate for sale and in Addis Ababa and all of Ethiopia as well.
Let us connect on Metropolitan Real estate, which has multiple ongoing projects such as Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments located at Total Soset kuter Mazoriya. If you are ready to begin your journey on the way to becoming a homeowner, please contact us at the Ethiopian office: +251973404040 and USA office: +1480 280 2242.