Houses & Apartments for Sale in Addis Ababa ▷ Prices in July 2024 on Jiji.com.et (2024)

FAQs

How much is the average house rent in Ethiopia? ›

Current Rent Prices: The numbers we gathered by studying different neighborhoods in Addis Ababa show that the typical average rent price for a furnished 3-bedroom (3-BR) apartment in Addis Ababa is 183,340 ETB per month, while for a 5-bedroom (5-BR) villa, it is 302,886 ETB per month.

Accordingly, an estimated 1.2 million housing backlog exists only in the capital city, Addis Ababa, with a projected demand of 655,800 housing units during 2015-2025, far exceeding the estimated annual supply of housing of about 165,000 units nation-wide.

Population Growth: Ethiopia's population is expanding quickly, which is driving up demand for more homes. 2. Economic Expansion: Ethiopia's economy is expanding quickly, which is driving up demand for commercial property.

About 70% of housing units are requiring total replacement whereas 30% are in fair condition. 20–27% are in adequate sanitation and 19.4% in rural areas at national level. However, there are still slum areas particularly in Addis Ababa where 80% of areas experienced sanitation problem and health and safety risks.

A family of four estimated monthly costs are 3,053.6$ without rent. A single person estimated monthly costs are 899.5$ without rent. Addis Ababa is 52.3% less expensive than New York (without rent). Rent in Addis Ababa is, on average, 83.4% lower than in New York.

Ethiopia is among the few African countries where foreigners or even citizens do not own land. The land is often leased out by the government for a period of time. However, to buy a property as a foreigner in Ethiopia, it is possible to transfer lease ownership from one party to another.

Traditional houses, Homes & Huts of Ethiopia: Round thatched roof huts with mud-plastered or woven walls, Stacked morterless stone walled homes & houses, Extended family enclosed farm complexes; walled courtyard farms, are the most common structures.

Material Costs: Prices for essential materials like cement and steel have surged due to inflation and supply chain issues. Import Dependence: Reliance on imported materials increases financial pressure on developers. High Interest Rates: Borrowing is expensive, limiting capital for real estate transactions.

What are some of the most secure and safe residential neighbourhoods in Addis Ababa, Ethiopia? Old Airport and Sarbet are the best neighborhoods I suggest for living.

How much money do you need to build a house in Ethiopia? ›

Insiders say that it now costs about 35,000 birr per square meter to build a house on average, excluding the expense incurred by the developer to lease land.

The survey took place in two urban areas of Addis Ababa, Merkato area (Kebele2 13) and Kazanchis (Kebele 10), which are among the city's poorest areas. The estimated population of these areas was 20,000 in Kebele 13 and 17,000 in Kebele 10.

The health of Ethiopia's urban citizenry is imperiled by the pitiable physical environmental conditions including poor shelter, overcrowding in squalid housing and neighbourhoods, unsafe drinking water, poor sanitation, water pollution, indoor and air pollution.

Economic and Social Interactions: Addis Ababa serves as a hub for commerce, education, and services. Many people from the Amhara region move to Addis Ababa for educational and economic opportunities. This has fostered social and economic interactions between the two areas.

In Addis Ababa, where the UNDP estimates poverty rates jumped from 18 percent to as high as 24 percent between 2016 and 2022, leaders are committed to reversing that trend.

Summary of cost of living in Ethiopia: A family of four estimated monthly costs are 2,865.6$ without rent. A single person estimated monthly costs are 849.8$ without rent. Cost of living in Ethiopia is, on average, 33.4% lower than in United States.

Average salary per year in Ethiopia at 2024 is 16,628 USD.

These numbers represent the median, which is the midpoint of the ranges from our salary data collected from labor market.

The study revealed that the median monthly wage in Ethiopia stands at 3,000 birr (approximately $51.96), alongside a concerning trend: low wages are driving worker dissatisfaction.

The updated net living wage, or take-home pay, for 2022 is ETB 7,860 (USD 144) per month.