Property for sale in Windhoek

Views on the Windhoek real estate :

The City claims that individual buyers are being subjected to unfair competition from land developers and he instituted new measures to curb unfair competition. This includes limiting buyers to one erf per person for first-time buyers during the first phase of the auction.

So far this year, the municipality auctioned 336 plots under the new measures. The plots were sold for N$59,78 million.

Windhoek is characterised by unbalanced land development, especially for residential purposes, the auction of plots by the City on 30 September testified to the unbalanced land development in Windhoek. Out of a total of 365 plots that were auctioned, about 89% were in Kleine Kuppe, 5% in Khomasdal, 2% in Hochland Park and Cimbebasia, 1% in Auasblick and less than 1% in Dorado Park. more serviced erven have been made available in some areas than in others, leading to property prices increasing at a high rate in recent years.

The house prices in the capital Windhoek are still rising after years of strong growth. The FNB housing index rose 13.25% y-o-y to 1Q 2007, though the last quarter was soft.

Residential property prices in the capital, Windhoek, have increased by 90% since 2004. House prices in Namibia in general have risen more than 100% from 1993 to 2005, and 50% from 2001 to 2007.