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Property for sale in Addis Ababa

Property for sale in Addis Ababa



The stagnant nature of economic development and rapid population growth of most of the developing countries makes effective and efficient service delivery difficult for governments, to satisfy the need of their residents. Housing is one of the basic necessities for human survival; despite it remains for long period as a critical problem of most of the cities of developing countries. Get more information on property for sale in Ethiopia.

 

Views on the Addis Ababa real estate market:

This is the main feature of Addis Ababa, which is the capital city of Ethiopia. Housing supply of the last 30-40 years could not cope to the fast raise need. In addition the government tenure system drives more than 40% of the housing stock to non-reparable and inhabitable state. The availability of basic infrastructural facilities and amenities is also very limited.

Different studies indicate that the economy of the city is service sector dominant and the private; especially the informal economic activity has a greater contribution. So, 80% of the city’s dwellers earn very low income of less than 74.5
1- USD per month.(ORAAMP 2002: 24) On top of this the high unemployment rate of the city that is more than 40% aggravates the poverty situation of the residents. Hence most of the households spent more than 50% of their income on food.
 
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At Property Uncovered we provide information on where to purchase real estate in the world, this specific page give details on how to find a property for sale in Addis Ababa, these can be cheap properties or luxury real estate. All types of properties are covered : land in Addis Ababa, apartment, house, villa, etc. The information is gathered through our own sources, real estate agents and newspapers.