ሪል እስቴት ገዥዎች፣ እባኮትን ከታላዮችን ይጠንቀቁ In the mornings when you tu | Construction Proxy

ሪል እስቴት ገዥዎች፣ እባኮትን ከታላዮችን ይጠንቀቁ

In the mornings when you tune in to your FM- 000 there are many advertisements regarding how buying real estate and owning a house would make your day/life easy ... like we don't know that.

However, in Ethiopia today, real estate buyers are left feeling helpless and deceived. Many investors have poured their hard-earned money into new construction projects, only to arrive at the picturesque sites of their dream homes to find nothing but shattered promises. Developers have been able to take advantage of unsuspecting buyers by boasting detailed blueprints and providing false estimated completion dates - all while taking hefty down payments from those eager to secure their spot in these new developments. However, these developers knew they could never fulfill their commitments and yet stand idly by as the buyers' money flows out into the abyss.

The Government of Ethiopia has done little to address this issue despite receiving lots of complaints from victims of these schemes. Potential buyers should be cautious when investing in any real estate venture in the country. Permits for projects should come only from officials approved by the government and other necessary parameters such as evaluating a construction project need to be properly reviewed before any commitment is made by an investor.

As Ethiopians begin 2023 with many unresolved issues reeling from 2022, it's essential that current projects not become another source of discontent. Authorities must step up and protect its citizens - otherwise, investors might become too wary to make high-stakes purchases like they used to.
https://telegra.ph/Real-Estate-Buyers-Left-Helpless-in-Ethiopia-03-20