To the outsider, the real estate market in Ethiopia seems overpriced, unreasonable and a façade.
To locals, it’s the perfect inflation hedge, an investment for generational wealth.
There is quite a large information asymmetry gap between locals and those living abroad. However, the gap is closing with new loan schemes and government support, incentivizing diasporas (Ethiopians now living abroad) to purchase property in Ethiopia.
Similar to bank offers in western countries, Ethiopian banks now provide loan options such as putting down a 20-30% deposit and being able to take out a loan for 15-25 years … 🔖 Continue reading on: https://cutt.ly/4FJ8Dum
The opinions expresses here in the post "Why is buying real estate becoming so popular in Ethiopia? 🤔" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.