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Ethiopia: Parliament Passes Real Estate Law With Stricter Requirements, Mandates 80 Percent Project Completion Before Home Transfers

Source link : https://www.afric.info/2024/12/06/news/ethiopia-parliament-passes-real-estate-law-with-stricter-requirements-mandates-80-percent-project-completion-before-home-transfers/

Addis Abeba — Legislators have passed a new law that prohibits real estate developers from selling unfinished homes–those with less than 80% construction progress–to buyers. The “Real Estate Development and Real Property Marketing and Valuation Proclamation,” which has been under consideration for the past eight years, was formally presented to the House of Peoples’ Representatives […]

Author : AFRICA-NEWS

Publish date : 2024-12-06 14:27:07

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