Regulation of Real Estate Business in Ethiopia
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Date
2010-06
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Addis Ababa University
Abstract
The business of real estate development is a recent phenomenon in Ethiopia. It flourished in the beginning of the 1990’s after the privatization of the market. This business has been seen to contribute to the development of the Ethiopian economy significantly; it has also provided housing for the middle and high income generating families. However, even though it had its own contribution to the economy, the non-regulation of this business has been seen to create undesirable result to the market in general. Lack of laws on how a good working condition can bring sustainable development to the real estate market hasn’t been given the attention it deserves. For this reason, this sector has shown numerous fraud and created mistrust upon potential clients. Hence this paper has tried to study on the need of having a regulatory legal framework and institution so as to have a peaceful real estate developing business in Ethiopia
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Real Estate Business