Global real estate value is counted in trillions. And in Ethiopia, real estate is contributing 12.5% to the county’s domestic growth. It remains to contribute to the world in terms of economy and enhancing the quality of living as well.
How much would you imagine the world is worth? In a research conducted by Savills, a real estate advisor in London, the value of all global property was found to be $217 trillion in total. Residential property makes up about 75% of the total value.
The report also estimates a growth rate in global property prices of 1.77% per year. According to the report, The Middle East and Africa currently comprise 19% of the world population. On the other hand, the residential property on that continent is only 6% of the global total. Hence, Africa has the greatest potential for value growth in real estate as national economies and household incomes increase.
Global real estate value is in trillions. And in Ethiopia, real estate is contributing 12.5% to the county’s domestic growth.
The role of real estate across the world is changing. It is the globe’s most important asset class and accounts for a significant proportion of personal and household wealth in developed economies.
Metropolitan Real Estate PLC is very much proud of its contribution to this sector. Metropolitan has been operating in the areas of real estate development, industrial plants, shopping mall projects and especially. It has also been developing luxury real estate and residence projects all over the world for many years. And we expanded to Addis Ababa realizing that Luxury real estate in Ethiopia is much needed.
Our newest launch affordable home for sale is, Westview international standard apartments. The home is located around Total 3 Kutr Mazoria.
Quick Facts About The Real Estate Sector
- The global real estate is a more valuable asset class than all stocks, shares, and debt combined
- The value of all the gold ever mined throughout history
- the world now owns real estate assets worth 2.8 times its annual income
- There are approximately 2.05 billion households across the world
Metropolitan real estate PLC, is an American company, building quality homes in Ethiopia to fulfill the needs of luxury house for sale in Addis Ababa and all of Ethiopia as well