The real estate market in Addis Ababa is experiencing significant change. The change is driven by urbanization, economic development, and demographic shifts. As more people move to the city in search of better job opportunities and living conditions, the demand for housing continues to rise. This demand is particularly strong in the middle and upper-middle classes, who seek modern apartments and condominiums with amenities.
Key trends include a robust demand for residential properties, with a notable shortage in supply, especially for affordable housing. This has led to higher real estate prices. Infrastructure developments, such as new roads and public transport systems, are also making certain areas more attractive, contributing to the rise in property values.
In the luxury segment, areas like Bole are seeing a surge in high-end residential developments. These properties often feature modern designs, premium materials, and amenities like rooftop terraces, gyms, and secure parking. The central location and accessibility to business districts and entertainment hubs add to their appeal.
Overall, Addis Ababa's real estate market is dynamic, with promising investment opportunities, particularly in areas undergoing infrastructure improvements and those popular among expatriates and high-income buyers.
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