LiveInEthiopia.com - A new Ethiopian Real Estate Web Portal has been launched.

Jan. 14, 2010 - PRLog -- Real Estate is becoming a common phrase in the vocabulary of the average person in Ethiopia. Posh Apartments, Luxury Condos, houses with one or more stories and Villas are filling the landscape of the outskirts of Addis Ababa. But these are targeted at those who want to own a house, yet don’t mind to wait a little longer; this part of the real estate business is handled more or less formally. On the other hand there are those who would like to buy a house or rent houses, offices or other properties for a short or long duration. This side of Ethiopia’s real estate business is almost handled by informal agents and information is hard to come by.

Addis Ababa is a city with many diplomatic missions, International and regional organizations such as UN, AU, EGAD and their different offices. NGO’s are common too. It is not uncommon to see businesses and investments owned by foreign nationals; the Ethiopian Diaspora has also invested more than USD 1 Billion in Ethiopia. This has increased the demand for short or long term residence, office buildings, properties such as warehouses, etc.  This should normally force the real estate sector to increase its efficiency. However, apart from a few agents and businesses, it is done traditionally and hence one has to meet many informal agents, hear a lot of incorrect information before one gets the house or property he or she needs.

eCom Advertising, a company established to publish commercial websites, has joined forces with local realtors to fill this gap. http://www.LiveInEthiopia.com has been launched in January 2010 with the aim of providing reliable, up-to-date and correct information for those who seek to buy, sell and rent houses and properties in Addis Ababa and its surroundings and other major cities in Ethiopia.

The website is starting with residential buildings that are available for sales or rent in Addis Ababa and its surroundings and will soon expand to include properties in other major cities as well. The high rise buildings in Addis and other cities built with the aim of generating revenue from renting out offices, shops and supermarkets will be included as well.

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LiveInEthiopia.com publishes detailed information on residential and commercial buildings, and other properties in Addis Ababa, its surroundings and other major cities.