April 2024

The House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has passed a law allowing the increase in residential house rent to be implemented only once a year by the government’s regulatory body.

The law prohibits landlords from demanding more than two months’ rent as advance payment. What does the law state? The relevant section of the law regarding the increase in residential house rent restricts landlords from increasing rent prices without authorization.• Landlords can increase rent prices only once a year, based on the economic situation and

The House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has passed a law allowing the increase in residential house rent to be implemented only once a year by the government’s regulatory body. Read More »

In Addis Ababa, the average selling price for apartment houses and condominiums has been reduced by 34 percent.

The Addis Ababa City Administration Land Development and Administration Office has announced this issue to all cities through Sheger FM 102.1 Radio, stating that the price offered in agreements between buyers and sellers is significantly reduced and that the government is collecting less revenue from house sales than it should, based on current professional appraisal

In Addis Ababa, the average selling price for apartment houses and condominiums has been reduced by 34 percent. Read More »