The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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March 25, 2023
Property (84)
At common law, the landlord is obliged to pay the rates and taxes on the property. It is the landlord’s responsibility to ensure that s/he takes into account the amount of rates and taxes payable by him/her in the rental amount.
Occupational rent applies when buyers move into a property before transfer and registration have taken place. It can also apply when sellers remain in occupation of the property after transfer and registration.
The City of Windhoek saw an uptick in the number of building plans approved in February, with a total of 167 plans approved, a 111.4% increase from January's low base of 79 approvals.
Oryx Properties has secured a N$47-million ABSA development loan to fund the first phase of the expansion of Maerua Mall.
Developers of the N$4 billion President's Link Estate in Walvis Bay say they are proceeding with their development plans while the government finalizes and implements a visa designed to benefit investors who purchase property in the estate.
The Namibian Competition Commission (NaCC) has given its unconditional approval for Oryx Properties to proceed with its acquisition of Dunes Mall in Walvis Bay for N$648,8 million.
The sustainability of Africa’s Quantity Surveyors is under threat from foreign competitors and unqualified industry players.
It is common for a rental property owner or landlord to decide to put the property up for sale. So, what happens to the tenant in this scenario?
The Minister of Urban and Rural Development, Erastus Uutoni, has appointed a new board for the National Housing Enterprise (NHE).
Namibia's construction industry is expected to remain depressed due to high interest rates, economic advisory firm Simonis Storm has warned.
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Saflands Property Group is seeking buyers for the Gwashamba Mall in Ondangwa and Otjiwarongo Town Centre, the Brief can exclusively reveal.
Nedbank Namibia's new green head office has received a six-star rating from the Green Building Council of South Africa (GBCSA), making it the first building in Namibia to receive this accolade.
The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) held its first meeting for the year increased the repo rate by a further 25 basis points to 7%, in line with analysts’ forecasts.
Namibia still has a long way to go to make housing more affordable for all, Minister of Urban and Rural Development Erastus Uutoni has said.
