Why Buying from Abroad Is a Different Game
For Ethiopians abroad who want a safe, clear, and fast path to buy in Addis Ababa.
Distance, time pressure, and reliance on others make mistakes more likely: rushed payments, unclear prices, weak follow‑up. This guide gives you a lean plan to move quickly without risk.
Get Clear Before You Fly
Decide purpose (live, rent, or mixed) and set a budget with a buffer for taxes, legal fees, and furnishing. Shortlist 2–3 areas (e.g., Bole, CMC, Ayat) and 3–5 developers.
Pre‑Trip Checklist
- Purpose + hold period
- Budget + 10–15% buffer
- Shortlist 3–5 projects
Research from Your Phone
Use websites, Google Maps, and social media to filter. Prioritize completed/near‑completed work, clear plans, and transparent pricing. Documents matter: ask what exists now (title deed, permits, utilities) and when transfer happens.
Checks
- Completed buildings and floor plans shown
- Location/access/utilities explained
- Title deed status and transfer path
Maximize a Short Visit
Group visits by area; score build quality, layout, noise, sunlight, services, and price per m².
Contracts, Title Deeds & Remote Paperwork
Have a lawyer review all drafts. Use a specific Power of Attorney if needed. Never wire full payment without document verification.
Post‑Trip Checklist
- Share signed docs with lawyer
- Confirm next payments & conditions
- Plan remote snagging before handover
Big Diaspora Mistakes to Avoid
- Buying only to please a relative
- No exit or rental plan
- Trusting verbal promises
Dema Hope Real Estate offers structured communication, document checklists, video updates, and remote signing support. Options include title‑deed–ready units in Bole, completed high‑end apartments in Signal (ready for occupancy), and a mixed‑use project near Bole Medhanialem & Adey Abeba Stadium with residential and commercial units. We can pre‑plan 3–5 showings and line up a legal review in the same week.
Explore your investment options today – Dema Hope Real Estate has multiple ongoing projects, including our high-end apartments around the Signal area, which are 100% complete and ready for occupancy, and our mixed-use development near Bole Medhanialem and Adey Abeba Stadium Stadium in Bole, offering both residential and commercial units. If you’re ready to take the next step toward homeownership or investment, contact us at +251 951515174 or send us an email [email protected] to learn more
