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**1. Major Housing Finance Initiative
The Commercial Bank of Ethiopia (CBE) has announced a substantial plan to provide 120 billion birr in housing finance for government employees in Addis Ababa. This initiative aims to address the housing shortage and make homeownership more accessible for public servants. Borken
**2. Opening Doors to Foreign Investors
Ethiopia is on the verge of a significant policy shift, with a draft law approved by the Council of Ministers that would allow foreigners to own real estate under specific conditions. This move is part of broader economic reforms to attract international investment and stimulate the housing market. Reuters+3Kenyan Wall Street+3Shega+3
**3. Urban Transformation Projects
Addis Ababa is undergoing a major transformation with projects like the Addis Ababa City Corridor Project and the Chaka Project. These initiatives aim to modernize the city’s infrastructure, including the construction of new roads, pedestrian walkways, parks, and housing developments. However, these projects have also led to the demolition of informal settlements, raising concerns about displacement and the preservation of cultural heritage. Wikipedia+1Wikipedia+1The Guardian+2Financial Times+2Financial Times+2
**4. Economic Growth and Real Estate Boom
The Ethiopian real estate market is experiencing significant growth, with forecasts predicting nearly 10% annual growth from 2024 to 2028. This boom is fueled by rapid urbanization, economic reforms, and increased foreign direct investment, making Addis Ababa an attractive destination for real estate investors. The Africanvestor
These developments indicate a dynamic shift in Addis Ababa’s real estate landscape, presenting both opportunities and challenges for investors, residents, and policymakers.
Disclaimer: This is general information only and not financial advice. For personal guidance, please talk to a licensed professional.
