Ethiopia has a population of 115 million. Using its unique forecasting and business intelligence tool, ABiQ predicts the population will increase by 26% and reach 145 million by 2030.
This increase in population will boost the demand for additional homes with 20-30-year-olds entering the housing market. ABiQ believes Ethiopia will require an additional 900,000 new homes, ignoring current deficits, to meet the demand over the next decade.
With construction costs varying across the Eastern African region, we used an average cost of construction of $37,500 for a 50 square meter affordable house. Using this estimated cost means the region will require $33.8 billion to construct 900,000 homes.
Population Growth Rate 2021-2030 (%)
Source: ABiQ; United Nations
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