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.
Real estate sector has been one of the fastest growing sectors of the Ethiopian economy and it is contributing a large sum to the nations GDP. Metropolitan Real Estate is proud to be part of this growth story which is contributing to the nation’s economic development.
The sector has gone through several phases from its emergence in 1990’s 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 tremendous migration to Addis Ababa from all over Ethiopia. People keep migrating to Addis in the hopes of making a better living. This 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 especially 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.
Our brand new apartment building for sale in Bole , is move-in ready. It’s a home your family will cherish with its spacious rooms, spectacular view, and furnished kitchen
“Quick Facts”
- The sector has contributed 12.5% to domestic growth in the past 10 years.
- The income generated by real estate is growing by 14.1% every year
- There is a 37% increase of Investment in real estate
- Over 2.7 million sqm of Addis Ababa’s land was leased to real estate developers between 2004 and 2007.
Metropolitan real estate PLC, is an American company, building quality homes in Ethiopia to fulfill the needs of luxury real estate for sale and rent in Addis Ababa and all of Ethiopia as well
