Property for sale in Ethiopia

Is the capital city of Ethiopia and the African Union and its predecessor, the OAU. It is also the largest city in Ethiopia. With a population of 3,627,934 as of 2007, Addis Ababa is the world's largest city in a landlocked country. Get more information on property for sale in Addis Ababa.

2/ Ethiopia

Is a landlocked country situated in the Horn of Africa. Ethiopia is bordered by Eritrea to the north, Sudan to the west, Kenya to the south, Somalia to the east and Djibouti to the north-east.

3/ Property for sale in Ethiopia

Ethiopia is one of Africa’s most interesting countries, with an amazing landscape and numerous historic and sacred sites. It is considered the seat of civilization.

A developing nation, Ethiopia does not score well in trade freedom, investment freedom, financial freedom, property rights, and freedom from corruption. The banking system is weak and subject to strong political pressure, as is the rule of law. Property rights cannot be guaranteed.

Despite efforts to liberalize foreign investment laws and streamline registration, official and unofficial barriers persist. Sectarian and ethnic violence (particularly on the Somali border) continues. Certain sectors remain off-limits

The local institutions that govern land access are fundamental in affecting the distribution of wealth in a society. Property rights matter because they affect political development and economic growth. Development economists and policy makers often work on the assumption that property rights evolve from collective to more specified systems.

All land in Ethiopia belongs to the government. It can only be leased. The judiciary is ineffective, and property protection is weak. Unresolved border conflicts with Eritrea make land tenure in some areas additionally insecure. The government is not open to privatization of land because it is afraid that privatization may leave millions of poor peasants landless.