Ovid to establish a mortgage bank
Ovid Group, the giant real estate company that made waves recently when it completed the construction of several buildings in 90 days is preparing to establish a mortgage bank. In…
Ovid Group, the giant real estate company that made waves recently when it completed the construction of several buildings in 90 days is preparing to establish a mortgage bank. In…
There are several ways to finance a real estate project in Ethiopia, but the most common one is to get a bank loan (construction loan). Another common method is pre-selling…
The Addis Ababa real estate market in the year 2023 experienced a classic boom-bust cycle. It started with a hopeful tone right after the war in the north came to…
For most Ethiopians, real estate is a reliable investment area that has historically shown rapid growth year after year. So much so that some people feel permanently excluded and would…
Anyone who has ever bought a property in Ethiopia knows the process is convoluted and fraught with risks. In addition to being painful for buyers and sellers, the government also…
As a Canadian, I am familiar with the saying “When America sneezes, Canada catches a cold”, which is another way of saying the American economy has a big effect on…
What effects would the new property taxes have on the real estate market?In 2023 the Addis Ababa city government made a massive increase on the “wall and roof” tax. By…
Addis Ababa, the bustling capital city of Ethiopia, has been making headlines for the remarkable surge in real estate prices over recent years. Despite a two-year war in the north…
Real estate investors in Ethiopia have enjoyed tremendous gains in the last two decades. However, the party is about to come crashing down by a slew of new property related…
Many Ethiopians would tell you that real estate is one area of investment that never disappoints. Despite the occasional dip in price due to various economic and security challenges, long…