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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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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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COMMON PROPERTY

COMMON PROPERTY

Owners of sections are jointly owners of the common property in undivided shares proportionate to the participation quotas of their respective sections as specified on the relevant sectional plan…

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