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Property Prices in Addis Ababa, Ethiopia

Compare Addis Ababa with:
Index Info
Price to Income Ratio: 14.46
Mortgage as Percentange of Income: 161.75%
Loan Affordability Index: 0.62
Price to Rent Ratio - City Centre: 7.53
Price to Rent Ratio - Outside of Centre: 8.65
Gross Rental Yield (City Centre): 13.28%
Gross Rental Yield (Outside of Centre): 11.57%

Currency: Default Currency      Switch to imperial measurement units
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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 313.75 $
200.00
407.52
Apartment (1 bedroom) Outside of Centre 133.33 $
100.00
200.00
Apartment (3 bedrooms) in City Centre 1,250.59 $
873.45
1,630.10
Apartment (3 bedrooms) Outside of Centre 943.01 $
500.00
1,200.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 797.00 $
555.00
1,030.00
Price per Square Meter to Buy Apartment Outside of Centre 583.11 $
400.00
695.56
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 238.60 $
150.00
450.00
Mortgage Interest Rate in Percentages (%), Yearly 9.50
6.00
13.00

These data are based on 449 entries in the past 18 months from 60 different contributors.

Last update: June, 2014

country data (source CIA, 2013)
GDP Per Capita ($) : 1,300.00
GDP Growth Rate: 7.00%
Population Growth Rate: 2.89%

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52 Comments so far

#tefera on Jul 22, 2014 :
how can we buy house in addis? The price of the house triple amount of Ethiopian new boeing price. If I'm not miss myself I never ever buy house with this price. I said sorry. Living addis is not living at the kingdome of heaven. Even it is not pretoria johannisburg, captown estlondon or durbn washington, atilana califorinia newyork etc....is it toronto canada? It is paris franice? Or is it jerusale, isreal? What new in addis ababa? I have to say one more time sorry.
#teclehaimanot on Jul 16, 2014 :
Hello my name is Teclehaimanot I m planing to buy a house in addis but don't have any idea how and where can I get it , willing to spend 1,500,000 birr .it must be a good area and modern let me know gtblatta@gmail.com
#teclehaimanot on Jul 16, 2014 :
Hello my name is Teclehaimanot I m planing to buy a house in addis but don't have any idea how and where can I get it , willing to spend 1,500,000 birr .it must be a good area and modern let me know zeupc@yahoo.com
#Yohannes on Jul 05, 2014 :
I wanna buy house in Addis or bahirdar from real state and I wanna pay 30 to 40% down payment. is anyone can tell me how and where to processing such things?
#Aschalew on Jun 23, 2014 :
I had been in Addis two months ago. I tried to buy a house. The bureaucracy was nightmarish. So, i returned without buying a house. Your chances of being able to buy a nuclear weapon in the western country are higher than buying a house in Ethiopia. It is absolute nightmare. Please, becareful before paying. They never tell you the legal crap before they take the money. Then you are in hell. Try not to buy. If you have to, just be careful. Most of the sellers, dealers, and most everyone else is crook. There is no set of rules or laws pertaining to such transactions. Transfering title is almost impossible. Why people buy under such chaotic market is a mystery to me. Nightmare.
#Anonymous on Jun 21, 2014 :
Hi my name is Eli born and raised in Addis Ababa old airport area I left addis 1972 I was 17 years old I never visit Ethiopia since 1972 I am interested to buy reals state by the mountains over aView Addis ababa I am looking for a vacant land over 27000 square feet/4000 ethiopia land footage.how do you charge The property tax do you charge by square footage?or the land of the size or the square footage of the house?please email me a land view all the property view and all information about the tax and buildings regulations and restrictions. thank you so much sunset in July
#Tarikua and Daniel on Jun 21, 2014 :
Hello, I am Tarik,
I would like to receive pricing on real estates in Addis as soon as possible please. Thanks
#Addis Hauses Relocation Service on May 04, 2014 :
Dear Ladies and Gentleman,
Greetings from the Green View Real Estate! Our company currently operates the largest online market for residential and commercial properties in Ethiopia. We offer high quality homes, villas, condominiums, offices, shops and other facilities to sell and for rent. As we partner with the leading real estate developers and agents we can assist you in the best possible way to find the right property for you. Please email us at azebkahsay2@yahoo.com or call our office at +251 911783515

We are glad to provide you with with a full package of services including English contract forms, market survey results and consulting services around the planning, sales and renting real estate. If you are a a foreign embassy, business or organization with frequent needs of quality homes and offices, we would be glad to establish a contractual relationship with you, taking care about the accommodation of your employees!

We hope to hear from you soon and remain with kind regards.

Yours sincerely

Azeb Kahsay

Addis Hauses Real estate PLC
Phone +251 911 783 515
Email azeb.addishausesplc@gmail.com
http://www.addishouses.com/
#Muna Hassan on Apr 29, 2014 :
Hi
I want to know land, house price, house and land pakage.
I am ethiopian but hold a frn pass port, I heard that there is free land given for peope who like to build is that correct?
#House for,RENT, sale in Adiss Ababa on Apr 24, 2014 :
Dear Ladies and Gentleman,
Greetings from the Green View Real Estate! Our company currently operates the largest online market for residential and commercial properties in Ethiopia. We offer high quality homes, villas, condominiums, offices, shops and other facilities to sell and for rent. As we partner with the leading real estate developers and agents we can assist you in the best possible way to find the right property for you. Please email us at azebkahsay2@yahoo.com or call our office at +251 911783515

We are glad to provide you with with a full package of services including English contract forms, market survey results and consulting services around the planning, sales and renting real estate. If you are a a foreign embassy, business or organization with frequent needs of quality homes and offices, we would be glad to establish a contractual relationship with you, taking care about the accommodation of your employees!

We hope to hear from you soon and remain with kind regards.

Yours sincerely

Azeb Kahsay

GVCA PLC
Phone +251 911 783 515
Email azebkahsay2@yahoo.com
#Belew Gashe on Apr 15, 2014 :
Dear bloggers,
Unless the diaspora STOPS or reduce money transfers there will be NO reasonable price in this country. Our people still think that we easily collect money from the road. i wish one day job in US for every Ethiopia.
#Belete on Apr 12, 2014 :
Hello my name is belete I m planing to buy a house in addis but don't have any idea how and where can I get it , willing to spend 1,500,000 birr .it must be a good area and modern let me know zeupc@yahoo.com
#House for sale in Adiss Ababa on Mar 26, 2014 :
Dear Ladies and Gentleman,
Greetings from the Green View Real Estate! Our company currently operates the largest online market for residential and commercial properties in Ethiopia. We offer high quality homes, villas, condominiums, offices, shops and other facilities to sell and for rent. As we partner with the leading real estate developers and agents we can assist you in the best possible way to find the right property for you. Please email us at azebkahsay2@yahoo.com or call our office at +251 911783515

We are glad to provide you with with a full package of services including English contract forms, market survey results and consulting services around the planning, sales and renting real estate. If you are a a foreign embassy, business or organization with frequent needs of quality homes and offices, we would be glad to establish a contractual relationship with you, taking care about the accommodation of your employees!

We hope to hear from you soon and remain with kind regards.

Yours sincerely

Azeb Kahsay

GVCA PLC
Phone +251 911 783 515
Email azebkahsay2@yahoo.com
#House for sale in Adiss Ababa on Mar 16, 2014 :
Hi Batty I can find you a house in Adiss Ababa please do contct me by this number +251(0911783514 or email azebkahsay2@yahoo.com
#betty on Mar 15, 2014 :
hey I want to buy or bulled a 5 bed room house with a nice area any one know much cost me ?
#Oji Uzor Kalu on Mar 02, 2014 :
My name is Oji Uzo Kalu, the forma Abia state Governor, Abia State is in Nigeria, I wish to establish an Estate in my town and I want the current building. I was made to understand that Ethiopians building engineers will do it better.
Please let somebody here direct me to any engineer he knows that can do it very well for me. Contact me via my email address: ojiuzo.kalu@pisem.net
#Azeb on Feb 13, 2014 :
Dear Ladies and Gentleman,
Greetings from the Green View Real Estate! Our company currently operates the largest online market for residential and commercial properties in Ethiopia. We offer high quality homes, villas, condominiums, offices, shops and other facilities to sell and for rent. As we partner with the leading real estate developers and agents we can assist you in the best possible way to find the right property for you. Please email us at azebkahsay2@yahoo.com or call our office at +251 911783515

We are glad to provide you with with a full package of services including English contract forms, market survey results and consulting services around the planning, sales and renting real estate. If you are a a foreign embassy, business or organization with frequent needs of quality homes and offices, we would be glad to establish a contractual relationship with you, taking care about the accommodation of your employees!

We hope to hear from you soon and remain with kind regards.

Yours sincerely

Azeb Kahsay

GVCA PLC
Phone +251 911 783 515
Email azebkahsay2@yahoo.com
#Anonymous on Jan 21, 2014 :
hello,My name is Azeb Kahsay am a real estate agent in Adiss Ababa am a managing director for company called Green View commissioning Agent PLC we are looking for costumer who are interested in renting apartment,villa,G+1,G+2,office space,vacation house ,land etc....i can help you find the right property i can also send you exposa of the house to your email i can also assist new investors who want to invest in Ethiopia with all legal document s and finding the right partners in Ethiopia please contact me by azebkahsay2@yahoo.com or call me by 251- 911783515,thank you

Azeb Kahsay
managing director
Green View commissioning Agent PLC
#Anonymous on Jan 12, 2014 :
Price determine by supply and demand. Lower your demand then price automatically will come down. Take it easy dont buy anything that you csnt afford.
#Anonymous on Nov 19, 2013 :
I have a house in Addis Ababa lafto kifle ketema with two bedroom in a nice neighborhood plus with a nice garden. Let me know if anyone is interested
#Samuel K. on Oct 23, 2013 :
Why the pice of house is getting increased from day to day? It's very crazy for Ethiopian's to buy a house because of an income. Any way please (to house sellers) make your price reasonable don't be greedy!let's think for each other.
#Sam on Sep 07, 2013 :
http://www.eia.gov.et/english/
For all who are interested. Hire you can get more detail cost information related to investment, how much it cost to lease a land, how much it cost to build a factory, etc.
#Kevin Langeveld on Sep 06, 2013 :
Hello i am looking for an 2 bedroom apartment in Addis or a small house for longterm rental in a reasonable area what can i expect to pay ?please mail me at dolphinactive@hotmail.com
#abbie on Aug 18, 2013 :
Hey their.I want know how much small apartment in Addis Ababa Ethiopia?
#abbie on Aug 18, 2013 :
hi
can you help to know how much the price of the apartment in homara///quandar //ethiopia
iam waiting for you
thx
abbie
# ale on Jul 24, 2013 :
#Lisa on Jul 19, 2012 : please contact me with pic details thank you
#Anonymous on Jul 02, 2013 :
say all you want about the cost of living and i agree but thats where all the money is in the horn of africa. I dont live there, i do the research on world property price from germany.
#Anonymous on Jul 02, 2013 :
Ethiopia is pricey place to live because thats where all the money is and all the future. so the future is always pricey!!! and there is no money in the USA or jobs, so all you want but there are more millionares poping up in ethiopia by the day.
#John A. on Jun 28, 2013 :
The house and the land prices are ridicules,I think the land owners are greedy.They are trying to reap people off.
#Tahir on Jun 20, 2013 :
we required 30,000 sq ft to 40,000sq ft space for garments factory, can any one provide me the information with laease rates, electricity rates and other available utilities in Addis Ababa.

Tahir
tel: +973 33202089
e mail: tahir@anfholding.com
#Anonymous on Jun 10, 2013 :
Dear Friends,

Some ask to know what the prices for buildings/meter square are. That is fine, but you need to be more specific. Buildings can be finished with PVC tiled floors and plastered and painted wall with HCB wall (Hollow Concrete Blocks). That may cost you about 10,000 Br/m square. You can make it more sophisticated. You could have marble floors (and there many types, wooden floors and wooden ceilings. External walls can be in imported tiles with low moisture absorption factor, etc. that may ilcrease the cost by 30-50%

Go ahead and build homes, not just in Addis, but also in other towns and suburbs.

Home is where your heart is. We like you all.

Fikre
Consultant
abd_consult@ethionet.et
#MAURO on Jun 07, 2013 :
Hi at all.

Can someone write to me about constructional cost of a single house with about 600 square meter of land/garden and 100 s.m. of abitative surface?

Ipotetic location would be in a residential district near addis ababa center or not very far from that.

Thanks

MAURO
#Sotos Sotiriou on May 26, 2013 :
I am interested to buy one bdr flat not necessarily new in good condition and not with the crazy prices i found in Adis Ababa, kindly tell me a price that can make sense. ONLY Adis Ababa area.
Waiting to give me your best prices.
kind regards

Sotos
#Addis on May 05, 2013 :
Dear Nina,

We can help you just email your detailed requirements.We understand your concern. We can facilitate you hotel booking as well.

agencyaddis@gmail.com
Addis
#Dan on Apr 14, 2013 :
The housing price in ethiopia is redicilous. It make no sence at all to spend this much money. I wonder what a Government think about this.
#Nina on Apr 10, 2013 :
Hey there,

I came across this website while trying to figure out a budget to set up a non-profit in Addis. Can someone please help me with the cost breakdown. I need an office space, preferably close to a warehouse (because I will be transporting medical treatments) and is it better to rent a car or just buy one? I am not looking anything fancy, its a non-profit after all. I just want to be in a safe environment, close to the city center, and accessible. Any suggestions? I would really appreciate the help. Thanks.
#idris on Mar 20, 2013 :
pls inform me about the cost of buildin 12 floors in addis ababa alrady i have 487or 562 sqm land in addis ababa thank you
#John on Mar 10, 2013 :
Why so expensive to buy house in ethiopia than anyother countries?
It should be fair price for everybody specialy for people who has plan to invest on his mother land.
#Galata on Feb 13, 2013 :
Property owners and real state developers in Ethiopia are simply those peoples with no wisdom, moral and norm. Be educated one or not they are all there to suck money and hide taxes.

The government would have fought them as much as it fight terrorism.
#Mladen on Feb 11, 2013 :
David, what you said is €486 - €972 per square meter to buy a property price.
#David Andén on Feb 11, 2013 :
Prices listed hera are absolutely not correct.

A 3-bedroom flat (around 100 m²) newly buildt with good standard cost between 1200 000-2400 000 birr to buy. Theese numbers are 2 weeks fresh and I've looked at the 10 mayor estate agents.

If your happy with simpler standards you can buy a so called budget condeminium for less than half of that price.
#Steve on Jan 30, 2013 :
Moving to Ethiopia in July, looking for 4 bedroom home for rent, gated community. What will typical rent be, and who can help (realtors, etc)?
#Carl Webster on Jan 29, 2013 :
im hoping to get married in addis abbaba to a beautiful ethopian girl in April, does anyone know
How much I should be expecting to pay for a church wedding??
#Ethio Home Agent on Jan 23, 2013 :
The house price listed in this site for Addis Ababa is totally wrong. You can find 3 bedrooms private apartment in the center of the city for only 70k USD, and government condos even half that price. Contact EthioHomeAgent@gmail.com
#Yanii on Jan 13, 2013 :
Hello there. what is going on in Ethiopia? As commented by one of u here i can buy a four bedroom beautiful house with beautiful garden and views in Southern France or central Rome with 200,000 USD. Ethiopia is not as such a touristic destination or super beautiful destination. Due to some corrupted officials the country's resource went to selected people who make life difficult for the majorities of Ethiopians. I am glad that i do not from Ethiopia. Some Ethiopians can not even afford their daily meal let alone to be the owner of 250,000 use house. Please do not play game with citizen's money. I am sure there is a day for those corrupts to face God's judgement. Shame on U.
#Henoke on Nov 23, 2012 :
Excuse me!!! But i found it hard to believe that a 1 bedroom Apartment cost $420,000. We are talking about in Ethipian not in the South of France were a 3bedroom HOUSE not Apartment cost you twice less than what the bleedy Ethioians as for.

I think this is a total joke to be frank with you. I couild by at least5 houses in the US with that asking price where the house is buit on decent lands.

I do hope the goverment will do something about it. I feel sorry for those ethiopians whom can't affored to buy one.


If you want us to come to Ethiopia and invest, then do something about the ridicules and unheard of asking prices.

Greedy state agents need to be less greedier.
#Haile on Nov 13, 2012 :
I can get you a beautiful 3 bed room 2 bath house for $50,000 here in the USA.
You have full ownership of the property as well as your freedom.
#asffa on Oct 30, 2012 :
The Ethiopian real estate price is extrmly high comparing to kenya real estate. It is discourage to even look at all. Three bed rooms house asking for $250000.00. Why people even considering to buy in such price
#Lisa on Jul 19, 2012 :
I have an house for u john, beautiful, just finished, worthy..write here your mail if still interested please, i will contact you with pics and details
#john on Jun 27, 2012 :
Hey there I'm trying to buy a home in Addis Ababa .give some information how much coast?
#Andrew on Dec 15, 2011 :
Prices for houses occupied by foreigners around the periphery of Addis are way higher than those mentioned. A three bedroomed house with small garden is unlikely to cost less than $2500 and a larger family house can easily double that. The expat community os so big that landlords are simply pushing prices ever higher. You really need to hunt hard for good value in Bole or Old Airport, the two main ferenji residential areas.
#peter on Nov 06, 2011 :
Hey their.I want know how much single family home in Addis Ababa Ethiopia?

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