namibia

A housing issue exists in Namibia. A half million new homes are required, yet a 90percent of the total Namibian families could not be eligible for a loan to pay for them. The issues include perennially mishandled property market fundamentals, debt, modest wage gains, and a dependence on short-term loans. These currently prevent the majority of Namibians from owning homes. This, in turn, weakens the...

The government's real estate market, severely impacted by the coronavirus outbreak in the previous two years, is now recovering, according to FNB Namibia. According to Frans Uusiku, FNB Marketing Intelligence Manager, "Rental development in Namibia is once more back on is on an upward track, recording lesser decreases over time, as the effect of Covid-19 begins to cool-off, paired with the re-opening with...

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...

After declining by 1.0% y/y compared to the same time in 2020, the FNB Index of House Prices increased by 9.6% y/y in June 2021. As a result, the nationwide adjusted house price average increased significantly from the previous year to N$1 042 852 to N$1 286 908 today. According to Frans Uusiku, FNB Market Analysis Manager, "career high housing prices and a lack of supply are maintaining the Namibian real...

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...

Once you start cleaning your house, In Namibia the most dreaded place to clean is a bathroom! It has dirt, and grime might have an odor as well. Who wants to deal with that!? But, unfortunately, we all have to! We have a few tips and hacks for you to clean each and every nook and cranny of your bathroom. Just read along! We will advise you to start with the bathtub and keep the floors for the end....

This week, Germany gave back to Namibia bones from individuals of both tribes Herero and Nama, who were exterminated during colonial period. This gest for reconciliation is judged insufficient by their descendants who are waiting for official apologies from Berlin. But once more, apologies will wait. Katrina Hanse-Himarwa, the minister for Culture of Namibia will receive 19 skulls, diverse bones and a...

Visitor or expat  looking for a weekend getaway or even a tourist wanting to visit, or, looking for short term rentals accommodations to start your move in the country, Real Estate Namibia has found for you some nice and comfy accommodations in the capital city Windhoek. Families and business people, city and nature lovers will find what they are looking for at the best price. From 1-bedroom studios to...

The deadly dispute on the border between Namibia and Botswana will finally come to an end with a Boundary Treaty signed. Namibia’s Minister of Defense said that Namibia had signed the historic treaty which would promote peace between the two countries. Many Namibians suspected to be poachers had been shot dead on the border by Botswana Defense Force (BDF) soldiers in the past. Botswana has a...

Are you an expat in Namibia who stays in Windhoek? Well, you might have heard of the rich cultural heritage in Namibia. The fascinating scenes are here for expats and locals. But then, you need to learn the basics. In case you are an expat in Windhoek and you have children, beware that primary education is compulsory. The government of Namibia state that all children between age six and sixteen MUST...