Housinginaddisababa Archives

14 May

Ovid Group Hands Over New Apartments to Ethiopian Army Foundation

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Armyfoundation, EthioNegari, Ethiopia, Ethiopianews, Housinginaddisababa, Koyefeche, Ovidgroup

Army Foundation, Ovid Group, and Federal Housing Corporation: A Milestone in Housing Development Partners in Progress: Ovid Group, Army Foundation, and Federal Housing Corporation Collaborative Vision: Army Foundation, Ovid Group, and Federal Housing Corporation Lead Urban Innovation In a landmark collaboration, the Ovid Group and the Army Foundation proudly announce the successful completion and ceremonial handover of a major housing project at Koye Feche in Addis Ababa. This significant development, positioned on a 16-hectare site equipped with cutting-edge residential facilities, signifies a new era in providing high-quality housing for Ethiopia's defense community. Located in the strategic area of Koye Feche,…

Ethiopia Sets to Regulate Housing Rent

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, Housinginaddisababa, Housingrent

The House of Representatives has approved the Housing Rent Control and Management Proclamation, passing the House Rent Control and Management Bill during its regular session. In an explanation given by Mr. Tesfaye Beljige, a government spokesperson, it was noted that despite various efforts by the government to improve housing provision, it still fails to meet the high demand. Mr. Tesfaye added that there have been excessive rent increases in Ethiopian cities, surpassing tenants' ability to pay. This surge in housing rent costs has led to numerous complaints among low-income city dwellers, disrupting their peaceful living. The government perceives housing rent…

Addis Ababa rules to build 100,000 homes in a year

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, EthioNegari, Ethiopia, Homes, Housinginaddisababa, realestateinethiopia

An agreement was signed to build 100 thousand houses in Addis Ababa The houses will be built by 68 real estate developers and the government has agreed to provide land for free. The construction of housing is going to be carried out by the real estate developers selected by the Addis Ababa city administration through a public-private partnership project, at a cost of more than half a trillion birr. According to reporter news paper, the selected 68 real estate developers to participate in this program. The real states have signed a contract with the city administration to carry out the…