Real Estate

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 Namibian real estate sector was formerly a pillar of the country's economy. It peaked in 2014 when Namibia achieved the country's second house inflationary pressures behind Dubai1. Significant international real estate investments were placed in the nation during this time, which enabled the economy to remain strong. Every peak, however, is followed by a drop. Several elements caused a fall in the 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...

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...