CLEAN : Taste for luxury Ethiopias new elite spur housing boom

The video discusses the development of a prime location, likened to a 'little Manhattan', highlighting its appeal to upper-middle and upper-class clients. Initially, the area attracted international clients, but local demand has surged as the economy improved. The demand for luxury real estate is high, with properties priced over 7 million being particularly sought after. Despite no advertising, there is a significant backlog of potential buyers, indicating a strong market for high-end properties.

Describe the characteristics of the area mentioned in the text that make it appealing for living.

What percentage of clients were local versus international when the real estate market started?

What changes have occurred in the demographics of clients seeking real estate in the area?

What is the significance of the backlog of people waiting to purchase houses?

How has the local economy impacted the demand for luxury real estate?