Addis Ababa, Ethiopia

In Addis Ababa, the average price per sqm in the city centre is ETB 12,500, and ETB 7,500 outside the centre (2024 data). Prices have risen 7% since 2024.

A 1-bedroom apartment in Addis Ababa rents for approximately ETB 3,500 per month in 2024. A 3-bedroom apartment costs around ETB 7,000/month.

Buying may offer better long-term value in Addis Ababa. The price-to-rent ratio is 9.0x — it would take approximately 9.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 15.50%.

The average mortgage rate in Ethiopia is approximately 15.50% as of 2024. With a price-to-rent ratio of 9.0x, buyers should carefully weigh mortgage costs against rental savings.

The average property price per square metre in Addis Ababa city centre is ETB 12,500 in 2024. Outside the centre, expect to pay around ETB 7,500/sqm.