NUMBEO

Property Prices in Addis Ababa, Ethiopia

Index Info
Price to Income Ratio: 34.09
Mortgage as Percentange of Income: 620.88%
Loan Affordability Index: 0.16
Price to Rent Ratio - City Centre: 9.03
Price to Rent Ratio - Outside of Centre: 9.08
Gross Rental Yield (City Centre): 11.07%
Gross Rental Yield (Outside of Centre): 11.02%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 426.04 $ 240.07-652.00
Apartment (1 bedroom) Outside of Centre 242.17 $ 100.00-600.00
Apartment (3 bedrooms) in City Centre 2,175.00 $ 1,500.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,420.00 $ 500.00-1,950.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 142.45 $ 111.48-185.80
Price per Square Feet to Buy Apartment Outside of Centre 89.81 $ 74.32-102.19
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 183.33 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.67 15.00-20.00

These data are based on 40 entries in the past 18 months from 9 different contributors.
Last update: May 2019

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DeutschImmobilienpreise in Addis Abeba
ItalianoPrezzi delle proprietà immobiliari a Addis Abeba
FrançaisPrix de l'immobilier à Addis-Abeba
EspañolPrecios de Inmuebles en Adís Abeba

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31 Comments so far

#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.
#Tt on Jun 19, 2017 :
Please can someone tell me how much it cost to build four room house. Just building price only. Thank you
#Deneise on Jun 06, 2017 :
I was not expecting to find the price to buy a home in Ethiopia so high, this is crazy and unreasonable. No wonder the people are so poor, they will never be able to afford a decent home, that is why they leave and never want to return. Black people are known for keeping one another flat on their ass and dreaming of a good life.
#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.