Global Real estate value is measured 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 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 substantial potential for value growth in real estate as national economies and household incomes increase.
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. It 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.
Quick Facts About the Real Estate Sector
- 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.
Let us connect today, 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 with the Ethiopian office: +251973404040 and USA office: +1 480 280 2242.