Factors Affecting The Real Estate Market The Case Of Addis Ababa City

This Research project entitled with “Factors affecting the real estate market: The casernof Addis Ababa City”; identify and describes the main factors affecting the real estaternmarket in Addis Ababa city. The study identified existing operations of the real estaterncompanies in the market and with a focus on currently existing situations in most aspectrnof the market; major problems are addressed.rnBoth primary data and secondary data are obtained and used. The questionnaire andrninterview method of data collection and qualitative research method were used.rnThe study finding indicates that the real estate market is constrained by different factors.rnBecause of its dependence on the Diaspora group of clients for its demand side, and withrnexisting economic downturn; there is currently a considerable decline in sales of sampledrncompanies and considerable impact on their ongoing contracts and operations. There isrnslow and insufficient supply of land, currently the shortage and increased prices ofrnhousing construction materials is another factor affecting the market. The inflation andrnthe global economic crises affected the market, materially. Housing prices are lessrnaffordable in the market and most of all, long term housing finance are almostrnnonexistent

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