Last week, Addis Abeba's city government auctioned 274 plots spanning nearly 70,000 square meters across eight districts. Over 4,800 individuals bought bid documents, yet actual bidders declined by about seven percent from the previous round. This seventh auction in the current cycle signals growing caution in a volatile market.
Addis Abeba's property market took another dramatic turn last week as the city government auctioned 274 plots spanning nearly 70,000 square meters across eight districts. The auction drew notable attention, with over 4,800 individuals buying bid documents.
However, the number of actual bidders declined by about seven percent from the previous round, signaling growing caution in a volatile market. This marks the seventh auction in the current cycle, offering fresh insight into the changing dynamics of the land lease process.
Reported by Nahom Ayele for Fortune on November 15, 2025, these developments highlight how soaring bids and shrinking plot sizes are reshaping Addis Abeba's real estate landscape. The drop in participants underscores investor wariness amid market uncertainties.