The Flexible Land Tenure System (FLTS) in Namibia is a groundbreaking initiative designed to provide affordable security of tenure to residents in informal settlements. This innovative concept aims to establish an interchangeable tenure registration system that complements the existing formal system of freehold tenure. By offering upgradeable alternative land tenure options, the FLTS addresses the need for...
Source Understanding the dynamics of the Namibian housing market is essential for policymakers, investors, and researchers alike. In this comprehensive study published on ResearchGate, we delve into the intricate relationship between economic fundamentals and house prices in Namibia. Utilizing both real and interpolated data, we provide in-depth analysis and comparative evidence to shed light on the...
At the end of 2021, the FNB private housing inflation figures showed a 12-month annualized return of 7.1%. From 21.7 percent of the total a year ago, the quantity index increase slowed to 6.6% today. At the end of the year, the nationwide adjusted average house value was N$1 181 225, up from N$1 240 943 in 2020. Even though inflation figures rise is still very strong on an annual basis, falling...
The Very First Federal Bank of Namibia has reported the lowest yearly growth rate ever for housing prices, 3.7 percentage year over year. The quantity index saw a growth of 27.4%; this gain was mostly brought on by the acquisition of reduced homes, which has increased demand for property in Namibia. Because of the global epidemic that the nation is still recuperating from, the decline in housing prices...
The real state sector in African countries did not face any problems or difficulties in their businesses during the pandemic. In African countries, where doing online work is considered unreliable and insecure, most citizens prefer to work physically in offices to avoid any risks of being scammed. Also, some of the problems in their online businesses are electricity and internet problems. Due to these...
The Namibia Estate Agents Board (NEAB) has worked hard to finish the Namibia Property Practitioners Bill. "The Bill is meant to reshape the environment of the real estate market by building a suitable organizational and administrative structure relevant to contemporary circumstances," said trade minister Lucia Iipumbu this week during an information exchanging roadshow session for property managers in...
As per agents of real estate in cities, now is considered a good time for any investment in properties if there is a stable stream of income coming in. Additionally, the prime rate, which is incredibly low, is also an advantage that investors, as well as homeowners (potential), can reap benefit from. As of right now, the lending rate is at 7.75%. Irmgard Hamayulu, a real estate agent, based in...
On September 15th, an official appointment was made by the Board of Directors at Oryx Properties. They appointed Francis Heunis as the new Chief Financial Officer of the company as of October 1st. Registered in ICAN and NIPA as a consultant dealing with Chartered and Professional Accountancy, she holds an MBA degree. Currently, she serves as the Manager for Finance at the same company, i.e., Oryx...
Along with George Muvuma, Johannes Andreas refused to let government shelters destroy their spirit of entrepreneurship. This was in sight of the stop put on conventional supply chains. Nevertheless, both friends were aware that resilience would help them carve out a new way to adjust to the marketing sector's evolving trends to help the clients out through these unprecedented, troubling...
Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...
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