Some reports state that the third round of the 40/60 condominium lottery will take place tomorrow (July 07, 2022). Additionally, the 20/80 Condominium lottery ceremony is reportedly scheduled for the same day.
Ordinarily, condo ceremonies are publicized a few days, weeks, or even months in advance. In particular, for the 40/60 scheme, the announcement of the current condominium lottery came as a surprise and at a time when most individuals had given hope.
Many homeowners who won their keys in the second round of the 40/60 condominium lottery are still waiting.
The property market in Addis Abeba has a significant imbalance between supply and demand.