Real Estate

Five cheapest places to buy property in Ethiopia

5. Akaky Kaliti

This is one of the10 subcities of Addis Ababa and an alternative spelling for Akaky Kaliti is Akaki Kality. This city has a population of just over 200,000. Your original name for Akaky Kaliti was Woreda 26. This is an important industrial hub and it is home to several different industries. You will find Akaky Kaliti in the southern part of Addis Ababa. Neighboring districts is places such as Bole and Nifas Silk-Lafto. One of the most important attractions in the area is the Lion of Judah statue and the national archaeological Museum of Ethiopia. A house to a quick cash buyer can be purchased for approximately US$60,000.

4. Addis Adiba

This is the vast capital of Ethiopia which is located in the highlands not far from the Great Rift Valley. Addis Ababa is both the cultural and commercial hub of this country. One of the primary attractions is the national museum where people can see traditional crafts, Ethiopian art, and prehistoric fossils and there is even a replica of Lucy the famous early hominid. Addis Ababa is also the burial place of Emperor Haile Selassie. Many people also come to see the copper-domed Holy Trinity Cathedral. You can expect to pay approximately US$65,000 for an apartment.

3. Bole

This is an affluent and very busy area which is located very close to the international airport in Addis Ababa. There are a wide variety of excellent hotels which cater for people of all walks of life. One of the important landmarks is the large Medhane Alem Cathedral but there are also several embassies in the area as well as boutiques, shopping malls and restaurants. Most of these things is located in the central regions of Bole. Cuisine lovers will not be disappointed because restaurants cater for a wide range of international tastes but there are also traditional Ethiopian restaurants. The average price of apartments is approximately US$66,000.

2. Yeka

There are ten sub cities in Addis Ababa and one of them is Yeka. Yeka can be found in the northeastern suburb of the city. Neighboring districts are places such as Bole, Kirkos, Arada and Gullele. Popular attractions are places such as the ethnological museum where people can explore the cultural history of Ethiopia. This is also known as the heritage museum. The national Museum of Ethiopia is just as popular because of its collection of paintings and also many ancient relics. A house in this area can cost US$94,000 for a quick cash sale.

1. Nifas Silk-Lafto

One of the sub cities of Addis Ababa is Nifas Silk-Lafto which is also sometimes referred to as Nefassilk Lafto or Niffassilk Lafto. It has a population of more than 400,000 people. There is a long list of attractions in the area such as Medhane Alem Cathedral which simply means Saviour of the World. This is an Ethiopian Orthodox Tewahedo cathedral which is located in Bole. This is the largest cathedral in Ethiopia and the second largest in Africa. And house in this area can cost US$135,000.

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