From Our Blog

FNB Rental Index March 2021

• The national weighted average rent came in at N$6 686 at the end of March 2021 from N$7 465 in March 2020.
• The More-than-3 bedrooms unit is the only segment that showed growth in rent prices – recorded at 0.3% y/y to N$17 169.
• The deposit to rent ratio decreased further to 4.6% at the end of March 2021 from 5.8% in March 2020.
• Annual average rental yields slowed to 7.1% at the end of March 2021 from 7.9% a year ago.

FNB Namibia Housing Index

FNB Namibia Housing Index First Quarter 2021 KEY HIGHLIGHTS The House Price Index surged to 7.2% in the first quarter of 2021 from -5.6% in the first quarter of 2020. National weighted average house price came in at N$1 176 882 at the end of March 2021 from N$1 038 577 a year earlier. The […]

Buying property in Namibia?

How difficult is the property purchase process in Namibia? Except for agricultural land, there are no restrictions on nonresident foreigners and legal aliens owning property in Namibia. Most property ownerships are freehold. Real estate transactions are negotiated and concluded in Namibian dollar (NA$). South African rand (ZAR) is also accepted as legal tender in Namibia, […]

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We have chosen to work extensively with Realestate-Namiba because of their quality services, expert advice and so much ,ore

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Oliver Beddows

/ Reporter, Insights

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