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
Owning a home is a major financial milestone, but it also comes with responsibilities. While homeownership can help build wealth over time, poor financial decisions can lead to unnecessary stress and even financial hardship. The key to long-term financial security lies in careful planning, disciplined budgeting, and smart saving habits.
Over-capitalisation occurs when the total investment in a property—including the purchase price and renovations—exceeds its market value, leading to potential financial loss when selling. Learn how to avoid over-capitalisation, when it might be a strategic move, and which renovations add value without overspending. Read our expert tips on smart property upgrades in Namibia.
Understanding property market trends in Namibia: How they affect buyers, sellers, and renters
26 Feb 2025
The property market is constantly evolving, and understanding its trends is crucial whether you’re buying, selling, or renting. But what exactly is the difference between a buyer’s market and a seller’s market? Can you really time the market to your advantage?
Selling your home in Namibia? First impressions matter! Buyers focus on cleanliness, functionality, and overall appeal rather than minor details. Prioritise key upgrades like fresh paint, decluttering, and modernising kitchens and bathrooms to maximise your home’s value. Learn what buyers truly notice and how to make your property stand out in the competitive market.
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