
- Early modern projects, such as Bole Homes and Prince Sahle Sellassie Village, were developed through collaborations like USAID.
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Modern Ethiopian real estate began in the late 1960s, was halted by a 1970s socialist revolution, and revived in the early 1990s with a market-oriented economy. Today, it is a multibillion-birr sector dominated by private developers in Addis Ababa targeting the middle class and diaspora, now transitioning toward regulated, large-scale projects.


Private property development was nationalized, halting private real estate, though state-led construction continued.

The shift to a market-oriented economy allowed private developers to re-emerge, marking a "seismic shift" with the rise of gated communities and condominiums.

Rapid urbanization and high demand led to massive growth, with over 630 active real estate projects as of 2018, primarily in Addis Ababa.