At the moment, no business is profitable to the scale which real estate business, especially the informal type done without business licenses, is. In fact, insiders say the real estate sector has shifted more to land trading than to the housing market. The audit also found 1,743 housing units built by four real estate developers and transferred to buyers without title deeds. There are now more than 630 real estate companies with a registered investment in excess of ETB3.5 billion capital. “Getting bank credit is one of the competitive edges for real estate developers.

Source: Ethiopian News December 13, 2022 22:06 UTC