Ethiopian Capital Announces New Lease Prices
The city administration of Ethiopia’s capital Addis Ababa has announced the new per m2 prices for land lease in the city. The city revised the existing lease rate as per the current market price it was learned.
The new prices will serve as a benchmark for land being auctioned by the city and for former private holdings being transferred to the lease system as per the new Urban Lands Lease Holding Proclamation.
The new directive divides land in the city into three zones according to their proximity to the center.
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