Addis Ababa, June 24, 2017— Ethiopia’s House of People’s Representatives has formally approved a new proclamation granting foreign nationals the right to own immovable residential properties, marking a significant policy shift aimed at attracting foreign investment in the country’s housing sector.
The legislation, which passed after thorough debate in Parliament, was presented by the House’s Urban, Infrastructure, and Transport Affairs Standing Committee. During the session, committee representatives fielded numerous questions from lawmakers seeking clarification on the scope and implications of the new law.
Committee members emphasized that while Ethiopia’s land remains owned by the state and the people collectively—meaning neither citizens nor foreigners can buy or sell land itself—the proclamation specifically enables foreigners to acquire ownership of immovable residential structures built on leased land.
“This measure is designed to encourage foreign investment in housing development without undermining the constitutional principle that land is publicly owned,” the Standing Committee explained.
To regulate and manage this investment channel responsibly, the proclamation sets a minimum investment threshold of $150,000 for foreign nationals seeking to own residential property in Ethiopia. The amount was determined based on current real-estate market conditions in the country.
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