Property Development in Namibia
Namibia’s property market offers immense opportunities for investors and homeowners alike, particularly in Windhoek, the country’s capital. With an increasing demand for housing and ongoing infrastructure development, Windhoek stands as a key location for anyone interested in property development.
What is Property Development?
Property development is the process of acquiring land or existing structures to build, renovate, or repurpose them into valuable assets, such as residential, commercial, or industrial properties.
Property developers bring together a team of architects, builders, and city planners to design spaces that meet real needs and add to the community. At its core, property development is about vision, creativity, and building something that will stand the test of time, delivering value both to those who use it and to those who invest in it.
Why Invest in Property Development in Namibia?
It’s the perfect time to invest in property development in Namibia because Namibia’s capital city, Windhoek, is experiencing a housing shortage due to rapid expansion. This has ignited continuous demand for rental properties and home ownership
Whether you’re looking to expand your investment portfolio or purchase your first home, property development in Namibia offers substantial long-term benefits:
01
Strong rental market
The housing shortage drives a highly active rental market, delivering an average rental return of 12%.
02
Rising property values
With ongoing economic growth, including promising oil exploration prospects, property values are projected to appreciate significantly in the coming years.
03
Favourable market conditions
Lower transfer fees and decreasing interest rates make this the ideal time to invest in property.
04
Oil exploration prospects
As Namibia’s oil sector expands, demand for housing and commercial properties is expected to rise.
05
Strong resale value
Properties in Windhoek have consistently appreciated in value, making them a reliable and secure investment if you wish to resell your property.
06
Economic growth
Infrastructure development in key areas will further boost property values and rental yields.
What our experts say
”It is a well-known fact that we have housing shortages in Windhoek; therefore, owning property in Windhoek is always an excellent investment. Because of the shortage of housing, the rental market is very active. Hence, the property investment will always have an excellent ROI.” – Liza Van Straaten, New Living real estate agent.
Our developments
At New Living, we have a strong portfolio of current and future property developments designed to meet market demand and set new standards for modern living in Namibia.
Deo Gratus
A successful residential development catering to diverse needs. Deo Gratus is a brand-new development that offers a variety of homes for families and individuals.
Units: 104
Year Completed: February 2025
Pupkewitz New Retail Centre
The Pupkewitz New Retail Centre at Edison Square is Windhoek’s latest hub for the growing commercial sector. This modern centre is set to be a one-stop destination for fittings, finishes, and essential trade supplies.
Units: 1 commercial building
Completed: December 2024
Modern Amenities in Our Property Developments
Our property developments in Windhoek have been designed to accommodate various types of homeowners, from first-time buyers to experienced investors. When choosing to invest in property development, here are the standout features and benefits you can expect:
Modern amenities
As Namibia’s oil sector expands, demand for housing and commercial properties is expected to rise.
Prime locations
These developments are convenient for residents because they are close to major commercial and recreational areas.
Active lifestyle
Developments are close to outdoor areas like Farm Windhoek, ideal for hiking, jogging, and cycling enthusiasts.
Excellent security
Our property developments feature 24-hour security with guarded access control, giving homeowners peace of mind.
The Sales Process
for Property Development
Interested in owning one of our coveted property developments? Here’s what to expect:
01
Schedule a visit to explore the available units.
02
Secure the property with a reservation.
03
Streamlined through IDToday for contract preparation.
04
We will assist in drafting the necessary agreements.
05
Finalise the paperwork.
06
Secure your unit with a deposit payment.
07
Secure a home loan or request a financial guarantee.
08
Conveyancers will handle the final steps upon approval.
The Namibian property market is projected to experience an annual growth rate of 3.61%, leading to a market volume of
N US$52.05bn by 2029
Statista Market Insights, 2024
Why Choose New Living for your Property Development in Namibia
New Living is proud to be among the first real estate agencies to establish themselves in Windhoek and the wider Namibian property market. In just a short space of time, clients have come to choose and trust us – and here are three of the reasons why.
Comprehensive market research
We conduct in-depth market analysis into the area, pricing, and construction features and trends to ensure we develop properties in high-demand areas at competitive prices.
Quality construction
As both developers and construction experts, we oversee every aspect of the development process, guaranteeing superior craftsmanship and modern design.
Competitive pricing
Because we handle the entire development process, we can offer some of the best prices in Windhoek without compromising on quality.
Frequently Asked Questions about Property Development
What does a property developer do?
A property developer manages the end-to-end process of creating new residential, commercial, or industrial properties. This includes securing land, arranging financing, obtaining permits, designing and constructing buildings, and overseeing contractors.
Are there specific tax benefits or incentives for foreign property investors in Namibia?
While Namibia does not offer specific tax breaks for foreign investors, its overall tax structure is favourable, and lower transfer fees enhance the investment appeal.
What are the legal requirements for foreign investors purchasing property in Namibia?
Foreigners can legally own property in Namibia. Requirements include a local ID, proof of residence, and compliance with local transfer regulations.
How secure is property ownership in Namibia for foreign investors?
Property rights are secure and protected under Namibian law, offering peace of mind to international buyers.
What financing options are available for property investments in Namibia?
Local banks do offer financing for foreign investors, although lending criteria may vary; alternative financing from the investor’s home country is also an option.
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How long does the property purchase process take from start to finish?
It takes 6-12 weeks on average, depending on document processing, financing, and transfer procedures.
What additional costs should investors anticipate beyond the property purchase price?
Investors should plan for transfer fees, registration, property maintenance, and if desired, property management fees.
What is the demand for housing in Namibia?
Housing demand in Namibia is high, especially in urban areas like Windhoek. Rapid population growth and urbanisation have led to a shortage of available homes.
Is property expensive in Namibia?
Contact us
New Living Real Estate: the choice for those seeking a modern and efficient approach to buying a property. Our team is always available to answer any questions or assist you with your real estate needs, contact us today!