Infrastructure
Addis Ababa Raises Cooperative Housing Base Price to 50,000 Birr
Wazema · 3 weeks ago · Read the Full Story on Wazema
AI SUMMARY
The Addis Ababa City Administration has increased the base construction price for government employees' cooperative housing from 35,000 to 50,000 Birr per square meter, raising concerns among participating teachers.
- The Addis Ababa City Administration's Housing Development and Administration Bureau increased the base construction price for cooperative housing from 35,000 Birr to 50,000 Birr per square meter.
- The revised rate was approved in September 2025, updating the previous calculation of 35,000 Birr from December 2024.
- Under this program, 6,194 teachers were organized into 57 cooperatives to build homes on free land provided by the city administration.
- Participating members paid a 25% down payment, with the remaining 75% intended to be covered through bank loans.
- Teacher cooperative committees stated that the sudden price hike exceeds their financial capacity and violates their initial expectations of fixed pricing.
- A study by the Addis Ababa Science and Technology University suggests that actual construction costs could reach up to 82,000 Birr per square meter based on design and materials.
- Some teachers have requested refunds of their down payments due to the cost increase, but they were informed that refunds are not allowed.
- City administration officials clarified that the administration's role is limited to providing land, design support, and facilitating loans, rather than setting final construction prices.
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