Now is the Best Time to Buy Property in Windhoek, Namibia

Seeff explores the current appeal of Windhoek, Namibia, for new residents and prospective buyers

Namibia is one of the most beautiful countries in Africa, and Seeff knows it. According to Maria Esterhuysen, licensee for Seeff Namibia, buyers from all over the world are drawn in by this region's beautiful landscapes and unique qualities.

Namibia is a former German colony situated towards the northwest segment of South Africa, and the Orange River marks the border that splits the two countries. Namibia's surroundings consist of flat savannas, jagged mountains and abundant green landscapes; this natural environment retains a particular peacefulness and sustains the lives of many wild animals. 

Windhoek is the capital city of Namibia, and you can find it within a picturesque valley where city lights illuminate the skies against a backdrop of distant mountains during the evening hours. Many of the buildings retain German-style architecture; however, the allure of Windhoek is the numerous business and living opportunities available to residents. 

During daylight hours, the city functions as a hub of social and business activity where you can find many well-established companies, schools, malls, restaurants, cafes, and a variety of culture-filled markets hosted by locals. It is no surprise that Windhoek is a revered tourist destination.

If the bustling city and surrounding landscape are not a convincing enough reason to relocate, here are some unique appeals to convince those looking to buy a property in Windhoek, Namibia: 

Nature in Abundance

Windhoek is one of the world's foremost centres for the karakul sheepskin trade; however, tourism remains the country's largest sector for income and employment opportunities. Namibia is renowned for giving tourists and locals memorable farmland and wildlife experiences at what some consider the best lodges in the world. 

Various nature estates on the capital's outskirts allow tourists and locals to escape city life once in a while and enjoy some peace and serenity. Etosha, Namibia's wildlife nature reserve, is a tranquil, well-maintained park notable for the famous Fish River Canyon to the south. Hikers from all walks of life gather to challenge themselves, conquer the soil and bask under the light of the moon and stars. Other natural attractions in the area include:

• Tiger fishing on the Kavango River.
• Visiting the Popa falls in the rainy season.
• Watching a breathtaking sunset along the Skeleton Coast in Namibia.

World-Class Travel 

Travelling around Namibia is a simple endeavour due to the world-class network of roads, rails, and airports under constant improvement. The construction of new tar roads and other recent upgrades makes it easier to access some of the most beautiful locations and unforgettable experiences in and around Namibia.

Education Opportunities 

Windhoek is home to UNAM (University of Namibia) and several other higher learning institutions, which received significant praise for their notable accomplishments and the quality medical training they provide. There are many choices for primary, secondary and tertiary education institutions in Windhoek, Namibia. 

Cultural and Historical Epicentre

Windhoek remains a cultural and historical epicentre due to the vast amount of Colonial German-styled buildings spread around the city. Some of these historical buildings include the Alte Feste (old fort), Tintenpalast (the parliament buildings) and the Christuskirche (Church of Christ). Other historical attractions that offer an additional dose of history and culture include the National Museum of Namibia, the Independence Memorial Museum and the National Earth Sciences Museum.

The Wealth and Future of Windhoek

Namibia has a robust tourism economy bolstered by ample natural resources, some of which include diamonds, uranium and mineral resources. The country is run democratically and therefore remains politically and economically stable. Namibia's stability resulted in a low crime rate which remains highly beneficial to the local property industry. 

The population of Windhoek continues to grow at a rate of 4% per annum, and the city council intends to extend the city boundaries to accommodate the increased number of residents.

This expansion will turn Windhoek into the third-largest city in the world by area. The council intends to use the impending development to ensure Windhoek remains one of the world's cleanest and safest cities.

Windhoek Property Market Favours Buyers

According to Esterhuysen, the Namibian tourism industry suffered greatly during the Covid-19 pandemic, resulting in buyers feeling considerable uncertainty about investing in the local real estate market. Fortunately, despite the pandemic's lingering effects, Namibia's property market quickly recovered and continues to boom with exceptional prospects; despite the high level of demand in the highest price bands, the market tilts in favour of buyers.

Properties in Windhoek are highly affordable, and it remains an excellent location to settle down in or retire. The city comprises around 20 suburbs; some have easy access to social amenities and entertainment facilities, while others have excellent infrastructure. All the suburbs in Windhoek offer a wide variety of residential, commercial and industrial properties for prospective buyers.

Seeff Namibia recently witnessed a high demand for rentals across all areas and price ranges, with availability only lasting a few days. Coastal properties between N$5 million and N$10 million are selling faster than usual. Oceanview properties received significant buyer attention and are becoming increasingly scarce and highly sought-after.

Nature-loving buyers who wish to live removed from the bustle of the city can find solace in new developments on the outskirts of Windhoek. Some of these developments include Omeya Golf Course, Finkenstein and Elissenheim, which provide more freedom of space and allow them serenity away from the city centre.

Foreigners Purchasing Property in Namibia

Namibia is an excellent location for property investment due to its favourable tax laws and high investment. Local property law also allows foreigners to buy property in Namibia, with the sole restriction on agricultural land. According to the current regulations, foreigners may only own 49% or less of agricultural property. 

With zero banking limitations, foreigners can apply for mortgage loans and open bank accounts at any Namibian bank of their choosing. Foreigners can secure up to a 100% loan for their first property. Furthermore, foreign buyers have no legal obligation to pay any transfer, tax or estate duties when buying a local business. 

With stable pricing and favourable property laws, the Namibian property market offers excellent investment opportunities for prospective buyers that will continue to hold their value over time.

Suppose you are interested in buying a property in Namibia. In that case, you can contact one of our capable property practitioners to help you find the perfect home for you and your family in Windhoek and the Namibian surroundings. 

If you enjoyed reading this blog, you might consider reading Seeff's blog to ensure that you make the best property investment in the future.