Ethiopia: High-end Real Estate in High Demand causing dilemma for Low-cost Demands

Demand for residential houses in Addis Ababa has continued to rise over the past few years. More Ethiopians are relocating to town putting pressure on the government to satisfy the housing demands. Nevertheless, the private sector has really stepped into at least cater for some of the demand, especially demand for high-end residential houses. The private sector has been experiencing impressive steady growth as more and more affluent Ethiopians demand for high-end houses. Private sector developers such as Access Real Estate and Jackross Ethiopia are always on the frontline when it comes to the real estate market in the country. These private real estate developers have managed to make billions of birr by selling both high end and low-cost residential houses to several Ethiopians. Access Real Estate, created by Ermais T. Amelga, an ex-banker, has managed to make more than a billion birr within a short period from selling houses to about 2,000 home buyers. Access Real Estate brought.

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