ስላም እንኳን ደህና መጡ ወደ ብሩኪ ድረገፅ

I am traveling to Ethiopia in hopes to volunteer/intern with any NGO looking for a dedicated, passionate hard worker. I want to get my feet wet before I commit to the Peace Corps for 2yrs, I thought what better place to gain that experience than back home.


Friday, May 7, 2010

Real Estate in Addis

So, I have been making my way around Ethiopia and can say that I am familiar enough with the city now. In the past couple of weeks, I have been tagging along with my cousin who is in the market to buy a house here in Ethiopia. You would not believe the kind of homes they are building here in the city, which is why I have pictures! 
The houses are so grand and modern that when I step into the neighborhood/house I don't even feel like I'm in Ethiopia any more. It's amazing and unbelievable the kind of homes you can buy here. For those of you from Houston, these houses look like they belong in Sugarland and for those exceptionally large houses, maybe even River Oaks. There is a downside to these houses;horrible finishing. It might be common to see paint on the wood floors misaligned floors, or uneven cheap tiles. I keep finding a lot of chips and cracks in the tiles of NEW homes. Regardless they are great homes, but I think they cut the costs by buying cheap material and it shows. To give you an estimate of how much these houses are going for - it could be 3 to 4 million birr, which in dollar is about $250,000 bucks!! The price doesn't go with the country! I am pretty sure that the average Ethiopian will not be able to afford that unless they are some kind of millionaire. Anyways, here are the dazzling houses:


Sunshine Construction I think this is about 500 sq. meters

Another Sunshine Construction

Yes, this is Addis Ababa, Ethiopia......can you believe it?!

Country Club Construction; their houses are very expensive but they give you 1000 sq. meters. In this neighborhood, there is a golf course, exercise, and a pool. 4 bedroom 4 bath gated community

So, who would like to buy a mansion in Ethiopia for $300,000 dollars?