Property Prices in Addis Ababa, Ethiopia

Index Info
Price to Income Ratio: 24.88
Mortgage as Percentage of Income: 412.52%
Loan Affordability Index: 0.24
Price to Rent Ratio - City Centre: 11.55
Price to Rent Ratio - Outside of Centre: 15.17
Gross Rental Yield (City Centre): 8.66%
Gross Rental Yield (Outside of Centre): 6.59%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 359.79 $ 200.00-800.00
Apartment (1 bedroom) Outside of Centre 188.34 $ 160.00-200.00
Apartment (3 bedrooms) in City Centre 1,391.16 $ 750.00-2,100.00
Apartment (3 bedrooms) Outside of Centre 576.66 $ 250.00-1,400.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 127.75 $ 111.48-185.80
Price per Square Feet to Buy Apartment Outside of Centre 76.18 $ 73.11-139.35
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 220.60 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.88 14.00-17.00

These data are based on 75 entries in the past 18 months from 12 different contributors.
Last update: June 2021

Sources and References
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9 Comments so far
BAQAR on Jan 20, 2021:
I would like a cheap apartment near the center of the capital, cheap for one person, monthly rent of less than 200 dollars
Anonymous on Jun 18, 2020:
Ministry of construction and city admin.must work hard to solve resedential problem for citizens with fair price. The price escalated because of realestate's company's unsatified profit marigin which is 50 to 65% from building construction. Not only that by importing finishing material they will grab unlimited profit.
Anonymous on Jun 18, 2020:
House in us cheaper and twice bigger there is absolutely major wrong there.
Anonymous on Apr 21, 2020:
top 10 most expensive real estate locations in Addis ababa?
Reshid on Oct 10, 2019:
I live in Melbourne, Australia.
When I compare Ethiopia real estate with Australia, Ethiopia are far behind.
They really need to work on this.
There are a lot of things that need to work on it.
Look at other countries and update your website.
In this century?
When I search the house to buy in Ethiopia, I can only see addis Ababa, which is even that one is not clear to look at it.
Some of the property, they just add one picture which is not good enough.
Also, when I search for price, it is too expensive. Who can afford to buy.
I can say this is corruption.
In another way , bank robber.
You need to work on this as well.
For now this is all what I want say.
Kind regards
Kevin on Jun 22, 2019:
Yes, i hear that the real estate market bubble burst in Ethiopia. Can anyone tell me if this is the truth?
Chaltu on Jan 29, 2019:
I speculate that the real estate industry is crashing in Ethiopia. The main reason is it targeted the very high class, whose number is far less.
Anonymous on Apr 24, 2018:
Everyone. Should. Know that Ethiopia is not poor the problem is just government
Anonymous on Jul 17, 2017:
@Deniese, I recommend you work on your knowledge and understanding about black people as you stated in your comments. Very premitive thinking.