Unless people have no other options, real estate investment in Ethiopia is garbage. For those with foreign currency of any country, I suggest you keep your money where it is unless you plan on moving to live in it and it is NOT an investment. It’s just better to live in your own house than renting and this is the only reason to buy. Land, construction and finishing material is so expensive right now so when developers add their profit on top the cost becomes super inflated. I feel sad for our people that home ownership is unreachable now.
@yeneneshregassa14 Жыл бұрын
Very true.
@dayner989 Жыл бұрын
The price is so inflated it is a matter of time before the deflation springs back and real value of the house slap the buyer in the face. 😁 It is not even 1/3 of the price much less. So if you plan to buy wait..
@girumwendm9320 Жыл бұрын
Yea refuse to spend that kind of money on ethiopian real estate.
@AddisEngine Жыл бұрын
I can buy a mansion with $400,000 here in Texas. Why would any diaspora spend this kind of money to buy a house in Ethiopia.
@Waqumee7690 Жыл бұрын
I’m planning to buy real state in Kenya it’s allowed for foreigners to buy a house there . In Ethiopia everything is expensive especially house prices is even higher than any country it’s not worth. I don’t know what happens to this country
A management company after you purchase the property is very crucial for what comes afterwards. In ethiopia it’s very common for builders to abandon you after receiving money from you and leave the rest of problems for you to bother with. If I pay this much money to buy your property I need 24 hrs security,plumbing services and authorities to deal with my neighbor. I think we ask all this legitimate questions before we invest in any property.
40,000 million bir = $400,000 If the house rent .kiray (rent) 60-80 thousands per month Your income is increased.0.02% You invest $400,000 and your income 0.2% only. It doesn't worth
@titiyababe9490 Жыл бұрын
Correct ✅......if I buy this house in EU....I'll rent it per month minimum €4,000
@ots2023 Жыл бұрын
@Titiya Babe, the addis ababa real-estate is open for developers to increase the price of apartments as they wish. These apartments are made for diaspora because the local people can not afford them. The diaspora will have no chance of going back to Ethiopia because of the unreasonable price. Addis has no reliable electronic water, other amenities
@dinodire7576 Жыл бұрын
@@ots2023 Excellent point. The only reasons people are buying these properties is either to live in them or to protect their money from ridiculous inflation by investing in real-estate.
@abigilbirhanu6388 Жыл бұрын
$ 40,000 It is black market but if you do it in legal will be $740, 740 the when you rent it will be - negative, I don't understand why Ethiopia like this it doesn't worth.
@titiyababe9490 Жыл бұрын
I agree with both of you 😘.... It's look like getting worse 💲
prices are beyond expensive ...so 25 mill birr is like $300k which will buy a great home in the USA who can afford these homes in Ethiopia with the current job market? this is bizarre
@cascadeanalog320 Жыл бұрын
With the price they ask, one can buy not 1 but 2 villa houses in beautiful states like Florida.
@camelentertainment5499 Жыл бұрын
🇺🇸 great place
@prix205 Жыл бұрын
@@cascadeanalog320 I think that's what I need to start thinking about lol. It's like there is no one checking these crazy realtors.... Greed is running wild
What is the use of a house ❓️in the county where there is no peace ⚠️❓️
@gezusudan6827 Жыл бұрын
እምትሰሪው ቪድዮ ሁሉ በጉጉት ነው እምጠብቀው Thanks so much 🙏 Saronye
@jobbmw7756 Жыл бұрын
ፎንቃ ተቀረቀረልህ እንዴ ሰውዬው?
@gezusudan6827 Жыл бұрын
@@jobbmw7756 ምላስህ እስኪ ጥሩ ነገር ያውጣ
@Waqumee7690 Жыл бұрын
Even the most expensive city in Africa Luanda Angolan city is not expensive like Addis Ababa?! I have been compared Nairobi kenya with Addis Ababa Nairobi is 2x cheaper than Addis! My question is how on earth an ordinary people can afford this or is they Build for politician and celebrities? Are those house even worth that amount of money what kind of investment is this ? How on earth the poorest country in the world , with over 120 million population become so expensive everything is skyrocketed!
@BekTesfa Жыл бұрын
Nice information! Is there any website to browse these houses and potentially others with pics and price information ?
@ermyasdarilo-zo7zn Жыл бұрын
ጥሩ ነዎ ነገሪ ግን አንሹራንሥ አሌ / ዬለም ?
@johnd2457 Жыл бұрын
ውይ። ምንድነዉ ይሄ ሁሉ ማስታወቅያ?
@jobbmw7756 Жыл бұрын
ከቤቶቹ ያንቺ ፈገግታ ገሎንእንዳንነሳ እያደረገን ስለሆነ......
@tsionalex9250 Жыл бұрын
Sijmre ETH west mecha beki 🐳 water ale Ena new.. 6 shower ayi... Tegane wagawe betam, esu Le rich becha new.
The price of those apartments must be an outrageous joke. Have you seen the size of the toilets 😭 suppose you're expected to shower on top of the toilet sit? the 3rd bedroom room won't fit a single bed unless we start breeding exotic birds or adopt chewawa? technically useless space. I mean who in the right mind would pay 30mil $500k for that? she actually said nice view 🤐 If you're living abroad save or invest your money & by the time you ready to buy a second home you can buy a beautiful home with big garden from $200k to $250 in spain, Turkey , Greece, Cyprus or even there're some popular destinations in Africa with much better health care then ours tbh. Ask yourself what can you actually achieve with $500k.
@tsionalex9250 Жыл бұрын
Ethopia west bet lemgzat.. Europ bet megzat yeklale.
I was thinking to get one but kegna politics is dangerous and they can take it anytime.
@yenenehtafesse66 Жыл бұрын
exactly!! you have no guarantee to buy home & other at this time until kegna goes down.
@1NatureGod Жыл бұрын
im from ghana i want to build a real estate in ethiopia sike i lie hell nohh i will spend my money on the real estate bussines in etiopia it doesnt make sense whent yo cant own a land lol kenya/south africa is the best option outside ghana for me