What do I need to know when buying property in Namibia?
When we asked expats what advice they would give a foreigner before buying a property in Namibia, they said...
"1. It is important to research the area you are interested in buying property in, to ensure it is suitable for your needs. 2. It is important to understand the legal requirements for buying property in Namibia, including the need to obtain a permit from the Ministry of Lands and Resettlement. 3. It is important to understand the taxation requirements for buying property in Namibia, including the need to pay transfer duty and capital gains tax. 4. It is important to understand the different types of property available in Namibia, including freehold, leasehold and communal land. 5. It is important to understand the different types of financing available for buying property in Namibia, including mortgages, loans and other forms of financing. 6. It is important to understand the different types of insurance available for buying property in Namibia, including home insurance, title insurance and other forms of insurance. 7. It is important to understand the different types of services available for buying property in Namibia, including real estate agents, lawyers and other professionals. 8. It is important to understand the different types of fees associated with buying property in Namibia, including transfer fees, registration fees and other fees. 9. It is important to understand the different types of restrictions associated with buying property in Namibia, including restrictions on foreign ownership and restrictions on the use of the property," explained one expat living in Namibia.
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![SJB Global](https://www.expatexchange.com/images/expat_finance_sjb_couple.jpg)
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
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- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know when buying property in Namibia?
If you live in Namibia, newcomers to Namibia would love to hear your answer to this question: