List of Land for Sale in Addis Ababa (22 available) (2024)

FAQs

How do I get land in Ethiopia? ›

Access to land in Ethiopia

Smallholder farmers have the right to cultivate land, but they cannot sell, exchange, or mortgage it. Investors can lease land from smallholders and regional states and large-scale investors can lease but not purchase land from the government.

The price varies from place to place. The most expensive I have seen costs about 5 million Ethiopian birr )(=220,000 USD) for 200m square land. The cheapest is about 800,000 birr for 200m2. The price in the outer cities is slightly lower—usually ranging from 600,000 birr to 1.2million birr; according to the site.

The Addis Ababa City Land Development and Administration announced on May 15, 2023, that the auction would proceed with a minimum starting price of 960.21 Birr per square meter. The maximum starting price for the properties reached 2,213.25 Birr.

Ethiopia is among the few African countries where foreigners or even citizens do not own land. The land is often leased out by the government for a period of time. However, to buy a property as a foreigner in Ethiopia, it is possible to transfer lease ownership from one party to another.

Construction costs for private developers is currently between ETB25,000 and ETB35,000 per square meter, while their selling price is between ETB45,000 and ETB70,000 per square meter, according to the engineer.

The annual rental value of the houses is implemented as a foundation to reach into the real-property tax payable on urban houses. Hence the annual rental value of up to Birr 600, 1% tax rate applies, 600-1200, 1.5%, 1200-1800, 2%, 1800-2400,2.5%, 2400-3600,3%, 3600-4800,3.5%, 4800-6000, 4% and above 6000,4.5%.

Minimum Capital Required to Startup Investment • Wholly owned foreign investment – US $100,000 per project. Joint venture of a foreign investor in partnership with domestic investor(s) – US $ 60,000 per project.

Even though the new government adopted a free market economic policy, it has decided to maintain all rural and urban land under public ownership. According to the 1995 Federal Democratic Republic of Ethiopia (FDRE) Constitution, all urban and rural land is the property of the state and the Ethiopian people.

In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms.

What is the home ownership rate in Ethiopia? ›

More than 80% of Ethiopia's housing market is owner-occupied (Table 1). There is, however, a notable difference between urban and rural areas: only 39% (1.8 million) of all urban units were owner-occupied, compared with 95% (13.9 million) of all rural units.

In case where property is transferred to another, in sale or gift, there is a legal requirement to the effect that stamp duty be paid for such transactions. The Stamp Duty Proclamation No. 110/1998 specifies that the buyer of an immovable property shall pay stamp duty at the rate of 2% of the sales amount.

The specifications of the Ethiopia eVisa for Americans are as follows: Single-entry electronic visa. Grants US visitors entry to Ethiopia for either 30 or 90 days. For tourism and leisure purposes.

Persons residing in Ethiopia can enter with 1,000 USD or other foreign currency equivalent. Persons not residing in Ethiopia can enter with 3,000 USD or other foreign currency equivalent. Travelers must declare all foreign currency exceeding the above limits.

If you are found to be carrying cash in excess of these amounts it will be seized and you may face a prison sentence. Visitors must declare on entry or exit any cash in excess of USD$10,000 (or the equivalent in other foreign currency). Residents of Ethiopia must declare any cash in excess of USD$4,000.

Under Article 40 Sub Article 3 of the Constitution, the ownership right of land in Ethiopia is assigned to the Nations, Nationalities and Peoples of Ethiopia. A foreign investor or a foreign national treated as domestic investor who owns large investment may be allowed to own one dwelling house.

Permanent residence may be issued to foreigners who have established his/her domicile in Ethiopia and lived in Ethiopia for at least 3 years preceding the submission of his/her application. Such a foreigner needs to exhibit a sufficient and lawful source of income to maintain himself or herself and his/her family.

Visa for Ethiopia

Foreigners who plan to visit or move to Ethiopia need a visa to enter, excepting Kenya and Djibouti. You should obtain a visa from an Ethiopian Embassy or Consulate before travel. A tourist visa for three months can be issued on arrival for visitors from most countries except Eritrea.