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A Diaspora’s Step-by-Step Guide to Purchasing Property

Deluxe Properties 1 min read

Navigating legal, currency and banking requirements for Ethiopian diaspora looking to secure premium homes.

Most steps can be completed remotely. Where a signature must be given in person, a power of attorney covers it. Budget for transfer and registration costs separately from the unit price.

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Buyer questions

Frequently Asked Questions

What is the typical process for buying a property in Addis Ababa?
You reserve a unit with a booking deposit, sign a sale agreement, then pay in instalments tied to certified construction milestones through to handover and title transfer.
How do Ethiopian diaspora buyers purchase from abroad?
Diaspora buyers can purchase in foreign currency and complete most steps remotely, with a power of attorney covering signature in person where required.
What are the current market trends in Bole and Kazanchis?
Both districts continue to see strong demand for finished, centrally located apartments, driven by diaspora capital and a growing professional class.
What should I look for when choosing a developer?
A delivery record you can visit, clear title documentation, payments tied to verifiable progress, and a contractor you can actually name.
Are there taxes or registration fees I should budget for?
Yes — transfer and registration costs sit outside the unit price. Your advisor will set them out in writing before you commit.
Can I resell or rent out my apartment?
Once title has transferred the unit is yours to let or sell. Central location and a documented build history are what the next buyer will look for.

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