Ethiopia to regulate real estate valuers
Date postedOctober 16, 2024
Ethiopia is introducing mandatory licensing for real estate valuers under a new bill aimed at improving market transparency and trust. This regulation will ensure only certified professionals can appraise properties, standardizing valuation practices. The initiative seeks to enhance confidence in real estate transactions, prevent inconsistent valuations, and foster a more transparent market. Regular property valuations, public access to reports, and government oversight are also included to safeguard property owners and investors, ultimately encouraging further investment in Ethiopia's real estate sector.
(Summary assisted by ChatGPT)