Explaining the Soaring Ethiopian Real Estate and Property Prices

5 Pages Posted: 12 Feb 2016

See all articles by Seid Y. Hassan

Seid Y. Hassan

Murray State University - College of Business

Date Written: February 1, 2016

Abstract

Admittedly, in all countries of the world, Ethiopia included, the reasons behind rising property prices could be many. In the Ethiopian case, these factors include, among others, demand for and supply of real (estate) assets, rising population and urbanization, the existence of a large number of tenants working for donor communities (NGOs) and multinational institutions, huge influx of money that the diaspora community sends back home (remittances) that largely is poured onto the housing and real estate markets. This article, however, focuses on government policy-driven (infrastructure and service sector-focused) and the corruption fueled aspect of the fast-rising real estate and related property prices. This brief analysis paints the picture why Ethiopia is still an empire-like landed aristocracy (the government apparatchik being replaced by a new oligarchy) but dangerously wrapped with criminality and pyramidal schemes.

Keywords: real estate, remittances, propoerty prices

JEL Classification: D42, E64, E65

Suggested Citation

Hassan, Seid Y., Explaining the Soaring Ethiopian Real Estate and Property Prices (February 1, 2016). Available at SSRN: https://ssrn.com/abstract=2730905 or http://dx.doi.org/10.2139/ssrn.2730905

Seid Y. Hassan (Contact Author)

Murray State University - College of Business ( email )

Murray, KY 42071-0009
United States

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