Ethiopia: New Bill in Process for Real Estate Developers

A bill that obliges real estate developers to deliver homes on time, fulfilling the agreed upon quality, is being drafted by the Ministry of Urban Development and Construction (MOUDC).

The bill currently labelled as Real Estate Home Developers Proclamation, will also deal with issuance of licenses for real estate developers and the transfer of finished homes in addition to detailing the responsibilities of the developer and how a contract between real estate developers and their customers should be framed.

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