Ethiopia REAL ESTATE MORTGAGE LOANS BANKS
The real estate market of Ethiopia, namely the capital Addis Ababa, is booming. Property divided into two sectors, the first - is the elite property, traditionally provided by private, mostly two-storey villas. A substantial segment occupied condominiums, designed generally at the low-income segments of the Ethiopians.

The advantages of building apartments as affordable housing is not accidental. The municipal authorities of the Addis Ababa require developers working in the city, to erect at least 70% of apartments from own volumes of building. Such measures are taken to ensure the widest possible range of citizens own housing. Against this background, the construction industry is experiencing a serious lack of human and material resources. Its value is negative and 15% VAT imposed on real estate.

Buildings housing expensive segment differs narrowness of the proposed architectural solutions and high-end homes typically are built only two configurations, an area of 250 and 500 square meters. m. This severely limits the choice for discerning customers. The cost of one-bedroom apartment is about 500 000 Br. The average time of a private house construction is 18 months. Most mortgage loans are at 20% advance payment and 11.5% rate for the loan term of 10 years.

In general, experts recommend that real estate Ethiopia as a tool for certain investments. Estate Ethiopia is relatively stable and predictable. It is also worth noting that Ethiopia’s real estate market is developing, and therefore, will probably bring profit to their investors.

Real Estate in Ethiopia suitable for renting to tourists, and for independent living. If you decide to buy property in Ethiopia, then rest assured, you will not lose!