How NOT to Make an Ill-informed Decision When Renting a House or Any Type of Property in Addis Ababa
The Ethiopian real estate market, especially the rental market is one of the least regulated and most opaque in the world. It is next to impossible to get up-to-date and reliable information on the sector from online sources, private or public.
These days, a handful of brokers dump a lot of rubbish online, which is often dangerously misleading. The information provided does more to confuse the consumer of the information than to be of any help to him/her.
The primary reason of the problem is that the majority of the brokers working in the sector are nearsighted and care only about short-term gains. Instead of acting professionally and having genuine interest to help their client, they focus on closing a sale by any means possible. In order to achieve their goals, they may provide false information or withhold important facts from the client. As a result, a lot of expatriates make ill-informed decisions when renting properties in Addis Ababa. For example, we hear many sad stories about people who would specifically ask their brokers to help them find a house in a quiet area yet ended up finding themselves in a house right next to a noisy night club that plays loud music till the morning hours most days of the week.
It is very critical for any foreign individual or international entity moving to another country to have quality information on rental price levels, suitable locations, available options and general market trends to plan their course of action reasonably well.
In order to fill this gap, we have created a network of the top real estate professionals and relocation specialists operating in Addis Ababa. We are committed to setting a new and much higher standard of professionalism, honesty and transparency in the sector.
If you are looking to rent a house for yourself or lease an office space for your organization, we encourage you to browse our listings on Ethiopianproperties.com and get in touch with us. We have been preferred providers of real estate market information to major global real estate companies and relocation specialists including JLL, DTZ, Mercer, Air-Inc, Source8, etc since 2008. We can’t wait to have you as our valued client.
