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Expat Exchange - Buying a Home in Namibia
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Windhoek, Namibia


Buying a Home in Namibia

By Betsy Burlingame

William Russell
William Russell

Summary: Seasoned expatriates recommend a cautious approach to newcomers eager to settle down—avoid the rush to purchase property upon arrival. Instead, consider the benefits of renting in Namibia during your initial months. This strategy allows you the flexibility to explore various neighborhoods and truly decide if the local lifestyle aligns with your long-term expectations. Once you've acclimated and are certain that Namibia is your future home, here are tips on how to buy a home in Namibia.

Buying a home in Namibia can be an exciting prospect for expats, offering the opportunity to own a piece of this beautiful African country. However, the process can be complex and requires a good understanding of the local real estate market, legal requirements, and potential pitfalls. This guide aims to provide a comprehensive overview of the key aspects to consider when buying a home in Namibia as an expat.

How do I find houses for sale in Namibia?

There are several ways to find houses for sale in Namibia. Online property portals and local newspapers are good starting points. Real estate agencies are also a valuable resource, as they have extensive knowledge of the local market and can provide personalized assistance. It's also common to find properties through word-of-mouth, so networking can be beneficial.

Are there restrictions on foreigners owning property in Namibia?

Yes, there are restrictions on foreigners owning property in Namibia. The Namibian government has implemented measures to prioritize land ownership for Namibian citizens. However, foreigners can legally own property if they establish a business entity in Namibia or if they obtain permanent residency. It's advisable to consult with a local attorney to understand the specific legal requirements and processes.

Does Namibia have an MLS type system?

Namibia does not have a Multiple Listing Service (MLS) like in the United States. However, there are several online property portals that provide comprehensive listings of properties for sale. These platforms are widely used by real estate agents and private sellers.

Do brokers have licenses and how do I know if they are licensed?

Yes, real estate brokers in Namibia are required to be licensed by the Namibia Estate Agents Board (NEAB). You can verify a broker's license by contacting the NEAB directly or checking their online register. It's important to ensure that your broker is licensed to protect your interests and ensure a smooth transaction.

What documents are required when buying a home?

When buying a home in Namibia, you will need to provide several documents. These include a valid passport, proof of income, bank statements, and a letter of intent to purchase. If you're financing the purchase with a mortgage, you'll also need a pre-approval letter from your bank. The seller will need to provide the title deed and a clearance certificate from the local municipality.

Do I need a lawyer when buying a home in Namibia?

Yes, it's highly recommended to hire a lawyer when buying a home in Namibia. A lawyer will review all contracts, ensure the property is free of liens, and handle the transfer of ownership. The cost of a lawyer can vary, but it's typically around 1-3% of the purchase price.

Do people typically buy a property with all cash or take out a mortgage?

Both options are common in Namibia. Some buyers prefer to pay in cash, especially for lower-priced properties. However, mortgages are also widely available and can be a good option for more expensive properties. Interest rates and terms can vary, so it's important to shop around for the best deal.

Are there inspections that take place, and if so what is that process like?

Yes, property inspections are a standard part of the home buying process in Namibia. A professional inspector will assess the condition of the property and identify any potential issues. The buyer typically pays for the inspection, which can cost several hundred dollars. The results of the inspection can be used to negotiate the purchase price or request repairs.

What are some of the pitfalls to avoid when buying property in Namibia?

One of the main pitfalls to avoid is rushing into a purchase without doing thorough research. It's important to understand the local market, check the property's condition, and ensure all legal requirements are met. It's also crucial to verify the seller's ownership of the property and ensure there are no outstanding liens. Finally, be wary of deals that seem too good to be true, as they often are.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


William Russell
William Russell

William Russell
William Russell

Windhoek, Namibia

William Russell
William Russell

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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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