This varies depending on the price of the property you want to purchase, and while a deposit is not always required, try to put down 20% or more if you can, as the bank is more likely to offer you a better rate as the risk of the loan is reduced
Embarking on the journey to homeownership is exhilarating, but it also brings challenges—especially when it comes to negotiation. Securing the best deal on your dream home requires strategy, patience, and preparation.
In recent years, the idea of "going green" at home has gone from a trendy lifestyle choice to a necessity. As we adjust to a world where sustainability and self-sufficiency are essential, the benefits of eco-friendly home practices are undeniable. Adopting greener habits in your Namibian home doesn't mean you need to overhaul everything or invest heavily in high-end technology.
Be careful of ownership bias when selling your home
24 Oct 2024
Selling a home is a significant financial move, often carrying deep emotional weight. Beyond the financial calculations and market considerations, the emotional attachment we form with our homes can create a barrier to a smooth and profitable sale. This emotional attachment can sometimes lead to what is known as "ownership bias" — a psychological phenomenon that can hinder the selling process and potentially reduce your chances of achieving a timely sale at full market value.
Whether you're a buyer, seller, or investor, having a clear understanding of average house prices in Namibia is key to making informed decisions. Let’s explore the factors influencing property prices, the importance of data and analytics in evaluating market trends, and how regional variations and long-term trends shape the market.
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