The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
+264814612969
May 22, 2022
Property (15)
Additions continue to account for the majority of new building plans being approved, with a total of 188 building plans worth N$107.6 million having been approved during April 2022, compared to 247 in the prior month.
Mobile Telecommunications Limited (MTC) has handed over 113 title deeds for residential plots in Oniipa to the first beneficiaries of the MTC Land Delivery Project.
A total of 198 building plans valued at N$128 million were approved by the City of Windhoek in March.
Improved economic prospects in Angola due rising oil prices is expected to provide a boon for the Namibian property sector in the short-to-medium term with the probable return of Angolans for leisure and educational purposes, FNB Namibia has forecasted.
The Government Institutions Pension Fund (GIPF) says it is at an advanced stage of launching a Pension Backed Home Loan scheme that will allow members to use their pension as collateral to buy or renovate property.
FNB Namibia says the country’s rental market is on a rebound after it was badly affected by the coronavirus pandemic in the last two years.
Oryx Properties Limited (Oryx) is now back in the black after it registered a N$31.1 million profit in the half year to 31 December 2021 compared to a loss of N$20.9 million in the previous comparable period due to improved rental income.
The Matutungu Property Fund (MPF), which was launched on Wednesday, plans to bridge the finance gap and reduce the country's housing backlog.
A total of 176 building plans worth N$128.7 million were approved by the City of Windhoek in January, representing a 79.6% month on month increase from the 98 building plans approved in December.
The high cost of land in Windhoek is pushing up construction costs of houses in the capital, a recent report by First Capital (FC) has revealed.
More...
The City of Windhoek approved 2,682 building plans in 2021, a 6.3% increase compared to 2,524 in 2020, while a total of 1,729 projects were completed, a marginal 0.5% increase compared to 1,720 in 2020.
A total of 271 low-cost houses have been built countrywide through the Shack Dwellers Federation, with 75% of the beneficiaries being women, following a 2017, N$10.7 million investment by MTC towards housing with the Buy A Brick project.
It could take the City of Windhoek (CoW) close to four years to finalise modalities for the development of its ambitious Cimbebasia high density housing project, The Brief has established.
The FNB House Price Index was up by 9.6% y/y at the end of June 2021, following a contraction of 1.0% y/y over the same period last year.