NUMBEO

Property Prices in Addis Ababa, Ethiopia

Index Info
Price to Income Ratio: 23.40
Mortgage as Percentange of Income: 301.03%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 8.85
Price to Rent Ratio - Outside of Centre: 12.05
Gross Rental Yield (City Centre): 11.30%
Gross Rental Yield (Outside of Centre): 8.30%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 273.21 $ 150.00-500.00
Apartment (1 bedroom) Outside of Centre 164.58 $ 100.00-210.00
Apartment (3 bedrooms) in City Centre 1,690.00 $ 1,014.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 976.20 $ 600.00-1,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 102.77 $ 46.45-123.87
Price per Square Feet to Buy Apartment Outside of Centre 81.70 $ 46.45-111.48
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 212.17 $
Mortgage Interest Rate in Percentages (%), Yearly 11.58 9.00-14.00

These data are based on 61 entries in the past 18 months from 10 different contributors.
Last update: May 2017

Sources and References: Info
Add new source here:
URL:
Description:
Sign up for our newsletter:
Your email address:
Leave a comment:
Your name: Sign In
Your email address (optional):
Your comment (no HTML):

83 Comments so far

#ryle on Apr 22, 2017 :
i was thinking stay in addis baba for 2 month does anybody here know how much is the rent for houses
there and how much do i need for 2month?
#tesfaw on Apr 06, 2017 :
we know about the price of to buy any house in addis b/c it is so expensive [It so commercial] Behind OF THIS THEIR IS SO MANY ALTERNATIVE TO BUYE IN LOAN [FIVE YEAR LOAN] APARTAMENT OR G+0 shops hence five loan is connect to bank (agree to buy ) and then the bank is cover all and u will pay for the bank monthly this easy to buy( other ways we can't buy rather than rent) contact me tesfaws20@gmail.com(happy life for our live choice for every thing)
#Poor Diaspora on Mar 04, 2017 :
To be honest the majority of Ethiopian Diaspora can't afford to buy Residential House in Addis Ababa not because it's so expensive but the real reason is they are poor.
#Corrupted on Jan 08, 2017 :
Those real estate & land Lesse buyres r only corrupted!! No one pay so much money!! The crazy price will collapse soon!!

Real estate price in Ethiopia is not realistic at all, I am sure that it has some thing to do with corrupted government officials ,and it is definitely one of their plans to laundry their dirty money.
In many developed countries such as Europe , USA and Even middle eastern countries , the real estate always focuses the per capita income and Economical status , the majority of Ethiopian people are very poor and they can't even afford to rent a small house, with such dramatic high price of real estate , a day will come when all of these prices will collapse and the demand and supply theory will soon prove this.
#Anonymous on Aug 02, 2016 :
A modern open design G+2 house, with spacious open down ceiling living room; open kitchen; four bedrooms; and 4 and ½ bathrooms for sale in Bethel area. Two of the bedrooms have ensuited bathrooms. The master bedroom has a large walk-in closet. There are also two extra rooms currently used as storage and laundry room. The service quarter has a maid’s room with shower and a kitchen. It has a parking space for two cars under the house. The house has a three phase electricity supply, 3,500 litres water tank with automatic pump and a broadband internet access. The plumbing for solar water heater has been installed but there is no solar heater currently. There is a 123 sq. meter terrace on top with a mature pot garden, outdoor kitchen and sitting area that can host big parties. The house has a cobble stone road access and nice view of the Jemo Mountains from the terrace. The price is only 6 million ETB.
Call us Immediately, it won't stay on the market long: Mobile: +251-911-109645
#bingo on Aug 01, 2016 :
Unfortunately , real estate price in Ethiopia is not realistic at all, I am sure that it has some thing to do with corrupted government officials ,and it is definitely one of their plans to laundry their dirty money.
In many developed countries such as Europe , USA and Even middle eastern countries , the real estate always focuses the per capita income and Economical status , the majority of Ethiopian people are very poor and they can't even afford to rent a small house, with such dramatic high price of real estate , a day will come when all of these prices will collapse and the demand and supply theory will soon prove this.
#Belay on Jul 28, 2016 :
frankly speaking, I have no hope to live in Addis in the future. The ethnic problem is getting tough now. If it is a neccessity I want to buy a house in Bahir Dar if there are possibilities. It is a matter of time Awassa will face same ethnic tension soon.
#X@x,com on Jul 24, 2016 :
Don't buy homes in Addis. Wait after the real estate bubble burst. At the rate home are being built, prices will start plunging soon.
#Zoble on Jul 16, 2016 :
This is ridiculously expensive and is done deliberately to make the regime elites richer. I will never buy one, better to live like Abraham.
#Tsega on May 26, 2016 :
Elegant G + 3 house for rent. It has living room, bedroom and bathroom on each level plus there is a big multipurpose room with laundry and maids room on the ground floor.
It is located around Mamo clinic, on the way to Saris.
You can call 00251911884584 for price negotiations any time
#ZN on May 06, 2016 :
price in addis could be terifying but .......
nice property at tafo 500m2 for residential purpose ....For more detail call +251912727167
#demiss alenye on Apr 28, 2016 :
I need 40_50thousond Kare for realstate.please contact me if you find it.at 0911834763
#Anonymous on Apr 08, 2016 :
Do not even try to buy house in Adis such crazy price.invest your money in America. Thanks.
#haymi on Mar 12, 2016 :
Don,t buy house in ethiopi.So co with creazy preice.Lol ,more better buying house waschengton dc.
#Sancho GGemada on Feb 23, 2016 :
hi, if any body assist me on investing money Ethiopia, ( to start small food oil factory).
#Daniel on Jan 27, 2016 :
Hi there! I'm looking 3-4 bed room. Addis ababal that means
Meddle city? Jest house. No apartments. I will take it L ships.
Thank you!
#Eph.J on Dec 06, 2015 :
Hallo guys, I have a house under construction on 500sqm plot @North of Addis ababa 10km from the downtown, the foundation is completed for G+2, if you have any interest to buy contact me with +251-912-045310
#Jerry Emmanuel on Dec 01, 2015 :
I am an agent here at Addis Ababa, Ethiopia and we are having a new estate we would like to sell at a cheap rate with as low as 30% discount. for more information simply contact me on "JERRYEMMANUEL@GMAIL.COM"
#Dr Yimer on Oct 30, 2015 :
Please contact me .we have a house built in 300msq luxury 3 story building house new one in mekanisa beside German square . It is a big and nice house. Therefore we can send you a picture and postit in your website. We do have have also similar house for rent.
With regards
Dr Yimer
#Tesfaye on Oct 13, 2015 :
I have a one question to realtors, or lawyers
who practice in Ethiopia. Can a property(ies)
be sold while are under court proceedings due
disputes among parties? As far as I know, in Europe or other Western countries, until judges
sort out no property can be sold till disputes are cleared. Where does Ethiopian Law stands on such matters? Can you quote me from Ethiopian
statues from the country''s Law book when responding? Best regards to all who are esteemed to respond.
#haile on Aug 17, 2015 :
If you need real state,house ,and other thing in Addis Ababa Ethiopia call by 0920862800 civil engineer Haile .
#Lela on Aug 08, 2015 :
This forum is frustrating as there are no clear questions and specific answers. I do have one clear question. If the relators or " managing directors" on this site work for a legitimate company, shouldn't they give a company email address to be reached ? Yahoo and Gmail addresses for business communication is extremely unprofessional. Maybe, once someone gets to know you and start working with you, I understand you giving them a personal email. Another comment I have is, those of you who are saying you live outside of Ethiopia (abroad), who are either inquiring or giving advise need to really watch your grammar skills. It is embarrassing and an easy path to get scammed. If these so called cut throat and " crook" business people are already ripping people off, imagine the trap they got for you if they don't think you are intelligent. I hope you don't take this the wrong way. I am not trying to insult you, but please get some common sense.
#Tekie on Jun 16, 2015 :
Dear sirs,
As I am seeing in Ethiopia actually in Addis Ababa to buy a house too expensive than in Europe or other countries of the world., at this time the prices of houses has been dropped, why in Ethiopia so much expensive. ??
#Yas on May 17, 2015 :
Urgent Sale!
Hello there. We have a very large house in Addis Ababa near Bole ideal for developers or investors. Its 1,000KM ideally we are looking for between 8 to 10 million for it. The house is a great price and its very hard to find this type of property. For more information please email me on amourasohair@yahoo.co.uk or 07948939872
#getnet on May 04, 2015 :
Hello Everyone
We have 3 rooms and it's very attractive, safe and secured to rent for AIR HOSTESS, TRAVELERS, VISITORS , INVESTORS , DIPLOMATS and for INDIVIDUALS as well. Our house is easy accessible for transportation and situated near Mekanisa Mebrate Hayle Haile Garment Kotari . Come and see .

Price 10,000 Ethiopian Birr per month ( Ten thousand Ethiopian Birr )
$ 500 USD per month in Dollar.

if you are interested please call at 251921058348 or getnettesfaye7@gmail.com
#pico on May 03, 2015 :
I would like to buy a house in old airport area in addis ababa price range 4000000 to 5000000 please tell me what is the lease price per sqm in this area. thank you.
#Anonymous on Apr 22, 2015 :
I am Ethiopian. I don't no deeply about Ethiopia house prise. Please any one give me an idea if wanna buy a house is any Mortgage in Ethiopia ?
#Anonymous on Apr 21, 2015 :
Hi im English and have bought a house on outskirts of Addis very nice place i havent had no problems everything went smoothly.
Documentation was good also only thing when buying a house is its always lease land not freehold but for 99 years i will be dead then so wont worry.
If you have money buy if not dont buy simple as that i can understand some peoples points as there is a lot of corruption within goverment departments somebody always wanting something for nothing.
Good Luck on You future house hunting
#BHM on Mar 29, 2015 :
Hi Azeb,
By the way in an average how much is the estimated coast to build a house/apartment in Addis city centre and or outskirts of addis (this does not includ the land price )
Thanks
BHM.
#M on Feb 21, 2015 :
All who complain about property price in Addis, should not forget that Addis is the capital of Ethiopia, a country with historical and geographical significance to the world.
#Anonymous on Feb 21, 2015 :
Hello every buddy my name is Alex I'm looking to buy 3bed room apartmant around bola price of range between 1000000-1500000 bire contact me with elias.abaw@yahoo.com
#Matt Andrus on Feb 16, 2015 :
I am interested in looking for ranch land in Ethiopia to start a small cattle ranch where I could retire. I own a small water well drilling business and will move full drilling rig operation to Ethiopia to support my retirement. U can travel from Dubai week of March 14, 2015 to look at various obtainable lands for sale within driving distance of Addis Abbaba. Thanks --Matt
#gemal on Feb 16, 2015 :
Sorry Ethiopia where is your Housing Minister he has a lot to do. Or he might be corrupted himself because this is a crime and everybody can see it.
So dont hide comeout and do something about it.
#Dan on Feb 06, 2015 :
Hi Mirza what kind of business are you planning to do? email me and I can give you my opnion and what you need to do. tesfayedanel@yahoo.com
#Dan on Feb 06, 2015 :
Hi Susi, look for under agents. Please do not go with personal renters as the gonna rip you off.
#susie on Feb 05, 2015 :
Iam looking furnished one bed room flat or house to rent for one months in addis abeba area nice location.Please tell me how much it cost.

email me.

Thank you

Susie
#Anonymous on Jan 17, 2015 :
Never to invest or west my money in Ethiopia while TPLF is in charge.
#Anonymous on Jan 14, 2015 :
I think it is better to look outside of the city, you will find less price and good healthy air to breathe. On my view good luck.
#Anonymous on Dec 18, 2014 :
Buying a house in New York city is cheaper than buying in Ethiopia, however, I like the houses in Ethiopia except the fact that they lack standard toilet and shower rooms. I stayed one month and spend $10k. Ethiopia too expensive to vacation. I would go again if I decided to invest in some thing. Corruption is behind all these price hikes.
#enterethiopia on Oct 18, 2014 :
Enter Ethiopia Property Listing Service provides international consulting and advice marketing service for residential, commercial, accommodation, property management, Insurance, investment service sectors.
Visit the web portal and browse through a great variety of homes, offices and accommodations. Please contact us through our email address and we will assist you in your home search.

Visit us at www.enterethiopia.com
Email: enterethiopia@gmail.com
#mebrahtom on Oct 13, 2014 :
I need land for house in good living area from 250m2 to 400m2
#enterethiopia on Oct 09, 2014 :
Ethiopia Property Listing Service
Addis Ababa is widely known as the diplomatic capital of Africa for many Diplomats, International Organizations and Investors coming for limited period of time and looking for residential, commercial and accommodation. Searching for a property is a time consuming and often frustrating task because professional service is rear .

Ethiopia Property Listing Service is in Ethiopia which provides international consulting and advice marketing service for residential, commercial, accommodation, property management, Insurance, investment service sector.
Visit the web portal and browse through a great variety of homes, offices and accommodations. Please contact us your inquiry we will assist you in the best possible way.
Welcome to Addis Ababa
Visit us at www.enterethiopia.com
#Anonymous on Oct 02, 2014 :
Hi every body to buy house in Ethiopia very complicated don't buy
#Kagnew on Sep 30, 2014 :
Does anyone know of the Salcost apartments behind the ECA web site or tel no
#Anonymous on Sep 22, 2014 :
Hi Aginafir i have the house for you in a good price and i can organize a site visit for you ,you can reach me @ 0911783515.azebkahsay2@yahoo.com.
#Aginafir on Sep 18, 2014 :
I am interesting to buy 4bed room real-estate house
#Anonymous on Sep 07, 2014 :
Hi lulu

I can organize for you the studio just tell me when your coming to Addis Ababa ,so that i can organize before your arrival ,the land tax is fair its not that expensive and you can pay on along term payment any ways call me by 0911783515 or email @ azebkahsay2@yahoo.com for further information about housing in Addis ababa ,thank you.
#lulu on Sep 06, 2014 :
very very expensive. why ppl pay this much amount per month. Where do they get the money? Base on Ethiopia income level, I would be doubt the Prime ministry of Ethiopia can afford this. Wow, I would be surprise, if a regular people pay this much.

Azeb if you have beautiful studio for 15 days ,that would be great. 2000 Birr is the max I would pay

Anyway, I've one question - how much is the land tax in Addis Abeba?

Thanks
#Anonymous on Sep 02, 2014 :
It was interesting to see all the comment. I agree the price is absolutely crazy. It completely put off any one who have a great desire to come back home. With the current asking price, why even bother coming to Ethiopia?
#Anonymous on Aug 15, 2014 :
Ethiopia is a very safe and very stable country ,please Don't involve your political motive to scare away people who want to come home and organize there life .
#andargachew on Aug 08, 2014 :
Sorry Ethiopia is not good for living because of un stabled states.ethiopia is controlled by state gangsters.i advice you you shall not buy a house before Democratic election
#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?
#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 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