It is a fact that today's Ethiopian real estate market is booming and prices steadily increase practically every month. Though it might be a while till your name is put on the Addis Ababa Housing Agency's condominium winners list, people can still choose to purchase one while the prices are low. ![]() These condos are also easily rented out, which can provide a nice supplementary income. ![]() One can buy or lease the condominium, instead of having their cash sit in a bank with low interest payments. The number of people on the waiting list is massive, which explains the popularity of Ethiopian condominiums.Ĭondominiums are now generally considered a great investment in Ethiopia. One has to register and wait till their names are released in the Addis Ababa Housing Agency condominium winners list. Since the popularity of these condominiums has risen, the Addis Ababa Housing Agency is now offering them through a lottery. ![]() The Addis Ababa Housing Agency in its attempt to help ease the housing shortage has taken it upon itself to build these condominiums throughout the city. Today apartments and condos have provided the people with an extraordinary new way of living, especially the 20/80 condominiums. Addis Ababa Condominium Housing Agency - 20/80 Condominium Winners List 2017 & 2018 Condominiums are a relatively new addition to Ethiopian life.
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