Property for sale in Namibia

1/ Capital: Windhoek

Is the capital and largest city of the Republic of Namibia. It is located in the central Khomas Region, and had a population of 233,529 in the 2001 census but is now believed to be over 296,000 in 2008. Get more information on property for sale in Windhoek.

2/ Country: Namibia

Is a country in southern Africa on the Atlantic coast. It shares borders with Angola and Zambia to the north, Botswana to the east, and South Africa to the south.

3/ Property for sale in Namibia

Namibia is a large, sparsely populated country, which was once a German colony. It is a country of wide open spaces, deserts, an abundance of wildlife, a wealth of unique geological formation and unspoiled wilderness.

The property market in Namibia is a good investment tool, as statistics revealed that since 2001, there has been an increase in both the demand for and prices of property for sale in all regions of the country. The housing market is still in its expansionary phase and has not peaked yet.

With structural decline in inflation and lower interest rate, the property market remains an excellent investment vehicle

The key drivers of the residential property market are economic cycles, population growth and migration, disposable income and employment, interest rate and inflation. An overall analysis of the residential property market from 1993 to last year indicates that the value of houses in Namibia increased by around 100 per cent, while the increase from 2001 to 2005 was about 50 per cent.

Three years ago it would have cost Namibian consumers 30% more to build a new home than to buy an existing one. But the picture has changed decidedly since, in that the price gap between new and existing houses has steadily dropped over the past five years and is currently at a marginal 1,5%.

Therefore, it is little wonder that demand for new houses has surged over the past five years. That has not only seen new housing developments mushroom in existing neighborhoods but entire new suburbs taking shape on the outskirts of major cities.