I’m interested to find out some more information about 2 bd apartments in central Addis. Do you have any going up soon or currently for sale? I’d like ot see some plans and locations. Can you help? I’m looking to buy soon with my partner (in her name).

Let me know at my email please.

Regards,

Declan

We are very interested in buying either a site or a house on the outskirts of Addis Ababa. How do we organise a monthly payment if we were going to purchase such a thing. We live in Europe

Kind Regards

Beza

I just need to know what is the process of buying house in Ethiopa, Addis Ababa. Please let know if you have any information. My familly and I are interested to buy house in Addis Ababa.

Thank you, looking forward to hear from you
Regards,
Kid

What about for the ppl who lives in Europ ?

How can we buy ?

I can not affored the Whole money one time but I can pay some every months.

Many thanks in advance and waiting to hear from you asap

T.G

My best regards

Basically in the next 5 years the prices will start to come back down as the global economy takes a dip following the current US recession and housing crash. Because of the high prices people will be unable to sell many properties and will eventually lower prices.. Until the supply of new homes can match the demand the prices will be able to remain high. This basically creates opportunity for any construction company to start a business.

Unfortunately much of Ethiopia remains impoverished and without proper housing

When I look at much of the simple construction techniques used I scratch my head wondering how in the world such simple houses could demand such high prices.

Good news, i wish to buy one day a beautiful house in ethiopia.

Title : Investing in Ethiopian Property: Comprehensive Guide
For Sale @ Br 1600.00
Item # : 4553
Location : Addis Ababa
Category : Ethiopian Books
URL : N/A
Posted by : Bitaniae
Date Entered : Mon 15 Feb 2010
Expiration : Fri 16 Apr 2010
Type : For Sale
Description : The only comprehensive guide on buying and building property in Ethiopia. Written by consultants from a top-tier business consultancy. Buying and constructing a home in Ethiopia is a daunting task for long-time residents and very difficult for the Diaspora with less information. But the opportunities are endless and lucrative for serious investors. This guide seeks to provide the critical information needed for those serious in investing in Ethiopia. Included: Opportunities Property locations and details Property value forecasts Step-by-step process for purchasing or building a property Trusted brokers and contractors Needed forms from government offices and contact information Pitfalls of operating in Ethiopia Cost estimates We’re confident that you will be satisfied so we’re offering a MONEY BACK GUARANTEE if you are not completely satisfied with our guide

thanks, best regards

Wayne

any advice will be appreciated, thanks

I noticed, your http://www.gojosuites.com, does not have comments or questions taking servics.

What is CMC???

Your website does provide some information. However, you are not giving the most important information: Price of various properties, all legal fees such as lawyer’s fees, bank fees etc. For eg. you mentioned above: “condominiums in Addis (starting at less than $54,000 USD!!)”. Does this cost include all the other fees involved in bying Ayet’s Condo??

It would be nice if you give approx total cost.

Your website doesn’t mention also:

1. Fire protection for the properties (Did Ayet address this issue? Is there sprincler in place)
2. Approx. monthly Electric power and water charge

In case of Condominiums,
1. How is the condominiums governed, managed? Who will manage it?
2. Is there a Condo Fee?
These are few info that any prospect buyer want to know. You say phone us for more info. Then, you say you have to register first. Why are you making it difficult for buyers?

I don’t know why you want to get every info seeker’s name, address and phone # before giving the required property information.
*********************
Comment for readers

As other people commented above, yes communication with all Ethio Businesses in Ethio is a snail walk. I understand some problems such as power outage but for the most part, it is Ethio employees attitude and lack of customer serving training and skills.

I think this is a good chance to Ethiopian people and i am asking if you can email(send) about the current price of three – four bedroom including the price of condominium .thank you.

Michael A. Matos
Sales & Marketing
Tel:009660896467391

Regards,
REI Team

I can answer your questions. First, Ayat is building houses in the CMC area of Addis.

Second, Ayat has ready made villas for sale as well as new construction.

Third, my company has it’s own website which has been referenced numerous times in the article and in this discussion. And we keep our information current, so please visit us at http://www.gojosuites.com. In fact, that is one of the many benefits of working with us–so that we can give you current information and you can talk to someone directly in the US rather than having to rely on their website and make international phone calls to Ethiopia to get this very basic information.

Please feel free to call us Mon – Fri EST 9am-6pm or register on our website and we will call at a time that is convenient for you!

There seems to be some good and some bad experience with Ayat.
I guess that is the case with every property developer in the world.
We have seen it happen in the UK and USA too.
I am interested on buying a villa or apartment in Addis and would be very grateful if some one can answer the following questions.

1, where in Addis is Ayat building houses at the moment?
2, do they have already built houses for sell or do they only sell pre-constriction?
3, I’ve checked their website http://www.ayatplc.com/ and there is no much info there, in terms of current development and so on, and some links on the website don’t work. This doesn’t give confidence as a potential customer…. Are there plans to rectify that?
The internet is a very effective commutation tool this days and it would help if they have informative and functional website.

How are you doing? It is with great pleasure that I send you this email from Melbourne, Australia.
I just read your interview and I am very much impressed with the job you are doing and and the tasks you have embarked upon to bring the dreams of so many Ethiopians to own property in their home country. I am here in Melbourne working as a Mobile mortgages lending manager. So, perhaps we can work together on a business plan to address the Australian and Asia pacific market.

(I will contact you via phone).

cheers ,
berhanu

As far as safety, I lived in Ethiopia for nearly two years and felt safer there than I do in the US. But I would recommend you check with your embassy or state department for detailed information.

Plus, many people do not realize how affordable it is. Ayat has the lowest priced condominiums in Addis (starting at less than $54,000 USD!!) and I just got back from Addis and saw a finished one and it is really beautiful.

As far as taxes, we have not heard of any US taxes since the property is not in the US but, of course, we always recommend that you ask your tax person or accountant.

This is so great. My friends have been asking about buying a house back home. I will definitely pass on this article. I think it is important to encourage fellow Ethiopians to take the time and invest resources back into the country. There may be snags and delays in the buying process, but these glitches are not uncommon in the US as well. People must be opened minded!

Keep up the good work!

i really want to buy a house in Ethiopia but i don’t have a clue where and how to?…

That sounds very interesting! Please call me at 202-234-4656.

Valerie

I am a segment producer for a television show called House Hunters International that airs on HGTV in the US. We have never done a show in Africa and I am interested in finding out about featuring a home buyer and real estate agent in Ethiopia. It would be interesting to find out the process of buying a home for citizens and legal residents. Please let me know if this is something you and/or one of your associates would be interested in.

Thank you,

Catherine Oyster

Thank you for your inquiry. Ayat does have a buyback policy. To give you more information about the buyback opportunity on your specific house, I need the selling price, the house number and the registration number. Please call me to discuss at 202-234-4656. Looking forward to talking to you!

Valerie Steele

I am really puzzled by Tedros comment about Ayat and your having a problem with them, You said you were swindled by them but from my experience we have got more than what we bargained for. We are extremely satisfied customers and we are extremely very pleased with the houses we bought, we didn’t have any problem with any Dr. Intina and Dr. Intina, it is unfortunate that happened to you, as they said some times things happen.

It would be a lie if I didn’t tell you there was a problem from Ayat business practise such as delays, lack of communication with their customers and dragging their feet to update on the status of our houses as they build, they were very slow to response to our questions etc. This is chronic disease exists in most Ethiopian businesses. I have friends who have been mistreated and frustrated by other real estate companies but it doesn’t mean they are bad; However, I think there need to be made much improvement in all areas. I think Ayat seems getting it, they seem to recognize their weakness and partnering with Gojo suites and this step by itself is the beginning of the solution to the problem. I learned a lot from Ms. Steel’s interview.

Valerie, do you have a three bedroom apartments if I am interested to buy now? Can you send me the price list and payment schedule as soon as possible? Is it possible to visit the site where the apartment is located?

Saba

I would be glad to give the price for the home that interests you as well as discuss payment options. Just call us at 202-234-4656 between 9am and 6pm EST Monday through Friday. Or register on our website at http://www.gojosuites.com/contact.php and we’ll call you!

Valerie Steele

I bought a house at Ayat several years a go when it was in the range of hundred thoushends, however, I am very much interested if you can buy me back the house with the current market price so that I can buy the appartments that are on the sale now. my house has been rented for people and generating a reasonable income every month but, for me it seems a good deal if I can buy several appartments as an invesmtnet using Ayat’s credit offer.

Can you or Ayat help me sale the house? Can Ayat has a buy back policy?
I am not planning to go back home at least for the next five years, unitl my children go to college leave home. Can you also send me the pictures and size of the appartments?
and the application form ?

>>>>Buying houses in Ethiopia <<<<

As I read this news from http://www.tadias.com bigin to write you this massage.
I am very interesting to buy a villa or a family house with 3 – 5 bedrooms.But i am living
in Europe and i will be in August 2009 in Ethiopia with my Families.May i have a chance as soon as possiable to buy a villa or house in the next few weeks or Months before I arreived in Ethiopia? I mean it is an ergent case!(I have only about 9 Months to fly to Ethiopia!)
Please,give me same information about the price of a new House and the mortgage
financing !

You can call us anytime (202-234-4656) to discuss your new home. Or fill in the form at http://gojosuites.com/tour/registration.php and we’ll call you!

Valerie Steele

Thank you. I will call.

My parents have since built a home by Berta another awsome construction company in Ethiopia benefiting from this explosive market which is taking place back home. If you wait it is truely worth it these homes are built solid from the ground up. A lot of the housing are in gated communities close the heart of Addis. The effort, engineering, craftmanship, is far superior to the average western world homes. Ethiopians are using concrete cement and metals versus sheeprock which is taking off in the US because it is cheaper and easier to build with. Trust me I have seen them with my own eyes. This is what you should consider before complaining about delays. But most of all your giving back to your communties, by providing neccessary jobs, and a great investment as well, to pass on to future generations if not yourself later on in life. An excuse to come home again! Peace-Out!

Danny. Oh yeah Steele your a hotty!

Thanks for your question. Unless you meet one of the criteria published in the article (reiterated by DJ), we do not believe you are eligible to buy a home in Ethiopia. Maybe one day that will change! But not likely in the near future given the housing shortage there right now.

Your kids, however, are eligible to buy a home and I don’t know what the minimum legal age is they need to be in order to do that in Ethiopia (an Ayat house purchase is all based on Ethiopian–not US–law). If this is a route worth pursuing, call us at GojoSuites and we would be glad to help you find out.

Valerie Steele

Anyone who meets one of the following criteria:
1. Has Ethiopian citizenship and lives abroad
2. Foreign nationals of Ethiopian origin
3. Has Ethiopian parents

I think it is a great idea. If this company is really trying to help the Ethiopian Real Estate economy they have to forget the above restrictions. One as “Aneesa Morgan” mentioned it will confuse a lot of people who have some kind of affiliation with an Ethiopian person or culture. Just let anyone who can afford it buy these houses.

Thank you for the feedback

Valerie, Am I qualified to buy a house? I can certainly afford it.

Thank you.