Cost Of Houses in Namibia

Cost Of Houses in Namibia

What is a House?

A house is a single-unit residential building, which may range in complexity from a rudimentary hut to a complex structure of wood, masonry, concrete or other material, outfitted with plumbing, electrical, and heating, ventilation, and air conditioning systems.

What is the cost of a house in Namibia 2021?

Average national housing price in Namibia at the end of December 2020 stood at about N$1,4 million says Frans Uusiku, the market researcher at First National Bank Namibia

Frequently Asked Questions (FAQ’s)

What is mass housing in Namibia?

The mass housing project was the brainchild of former president Hifikepunye Pohamba to address the country’s critical housing crisis, with a promise to build 148 000 houses by 2030. He said up to the end of June this year, there were 92 completed and unoccupied credit-linked houses.

How is the real estate market in Namibia?

Namibia housing market weakening, after a strong upsurge. House prices in Namibia continue to rise, albeit at a slower pace. But house prices in the capital Windhoek are now falling, and demand is now declining sharply. In the middle price segment, the average property price was NAD1,213,000 (USD105,017).

Can foreigners buy property in Namibia?

Foreigners from counties other than Namibia can buy property in Namibia as ownership is not restricted for freeholds unless it is agricultural property. Transactions can be made in NAD (Namibian Dollars) or ZAR (South African Rands).

Can foreigners buy farms in Namibia?

Namibia’s agricultural land is mainly divided into communal and commercial farm lands, offering excellent investment opportunities for foreigners. With the government enacting land ownership laws, a foreign investor must obtain the consent of the Minister of Lands and Resettlement prior to directly purchasing a land.

How long does it take to build a house in Namibia?

On average, it takes seven months to build a house from start to finish, according to a 2019 U.S. Census Bureau report. But you may also need to include time for an architect to draw up plans (1–4 months). Is being a home builder profitable in Namibia?

Can I buy a house in Namibia?

Except for agricultural land, there are no restrictions on nonresident foreigners and legal aliens owning property in Namibia. Most property ownerships are freehold. Real estate transactions are negotiated and concluded in Namibian dollar (NA$).

What are the factors affecting the quality of residential environment in Namibia?

Results revealed that housing affordability in Windhoek is influenced by a number of social, economic and Government or political factors such as immigration, education levels, income, taxation, interest rates, preference, construction cost and availability of serviced land.

Is it expensive to live in Namibia?

The cost of living in Namibia is very high. High transportation costs make prices very high and unaffordable. Monopoly in some business sectors causes higher profit booking, which also results in raising of prices.

How long does it take to get permanent residency in Namibia?

How long will it take to receive letter for permanent residence? 8 months. Collecting permanent residence status Submit Namibian passport. (The passport will then be endorsed with permanent residence status).

Can a South African live in Namibia?

South Africans in Namibia are a part of our community, calling cities such as Tsumeb, Lüderitz, Windhoek, and many others home. You can use InterNations to look for fellow South Africans in Windhoek, for example

How is it to live in Namibia?

The way of life is generally laid back and peaceful, with relatively little in the way of nightclubs or late-night entertainment. Although Namibia is relatively safe, expats often choose to live in protected compounds, with the majority of foreigners residing in Windhoek, Namibia’s capital city.

How expensive is Namibia?

You should plan to spend around N$1,114 ($79) per day on your vacation in Namibia, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, N$97 ($6.87) on meals for one day and N$200 ($14) on local transportation.

How is Namibia crime?

Violence. Namibia has a high rate of domestic violence, particularly against women and children. Rape and murder cases are frequent. A census in 2011 showed that the Namibian population was 2 113 077, and the UN Drugs and Organised Crime Office counted the number of murders in 2012 at 388 or 17.2 people per 100,000.

Can you move to Namibia?

If you are moving to Namibia to work or live there for a longer period of time or if you are not a citizen of one of the countries exempt from these visa regulations, then you will need to apply for a visa or work permit before your departure.

What is good about Namibia?

Namibia is considered one of the safest countries in Africa. Since gaining independence from South Africa in 1990 Namibia has enjoyed decades of political stability and good governance that has encouraged inter-racial reconciliation and invested in infrastructure and education.

Do you need a visa to go to Namibia?

A visa is required to enter Namibia for all U.S. citizens. You must obtain a tourist visas if you’re staying for less than 90 days. See below or contact a Passport Health travel documents specialist about other visa types.

Can I get Namibia visa on arrival?

All visitors travelling to Namibia for business purposes require a visa. Business travellers from countries that have a visa exemption agreement with Namibia are issued a business visa on arrival, free of charge. Other business travellers must arrange a visa in advance.

How long does it take to get a visa for Namibia?

Tourist visas are valid for three months and generally take three days to process at the Namibian Consulate or Embassy in your country.

How long can you stay in Namibia without a visa?

The Government of Namibia allows citizens of specific countries and territories to travel to Namibia for tourism, visiting friends and relatives as well as official purposes for three months with an ordinary, diplomatic and service passports without having to obtain a visa.

How do I get a visa for Namibia?

Original passport with at least 6 months validity from the date of entry and containing at least 3 blank pages for visa endorsements. Passport photo one (1) EU size attached with paperclip to the application. Copy of round trip ticket or flight itinerary indicating your trip in and out of Namibia.