FNB Namibia Housing Index

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 […]

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Buying property in Namibia?

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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Sectional Titles Act

Sectional Titles Act

To provide for the division of buildings into sections and common property and the acquisition of separate ownership in sections coupled with joint ownership in common property, the control of certain rights attaching to separate ownership in sections and joint ownership in common property, the transfer of ownership of sections and the registration of sectional mortgage bonds over, and real rights in, sections, the conferring and registration of rights in, and the disposal of, common property; the establishment of bodies corporate to control common property and for that purpose to apply rules; to establish the Sectional Titles Regulation Board; and to provide for incidental matters…

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