How much does a house in Namibia cost?

THE average national housing price in Namibia at the end of December 2019 stood at about N$1,1 million says Frans Uusiku, the market researcher at First National Bank Namibia.

How much money do you need to live in Namibia?

If we’re speaking about Namibia in general, paying bills in this country isn’t expensive. Taking into consideration basic monthly utilities like electricity, water, heating and cooling, it all amounts to around 70$ a month, which is very affordable for a normal-sized apartment of about 85m2

How much is a downpayment on a 500k house?

If the home price is $500,000, a 20% down payment is equal to $100,000, resulting in a total mortgage amount of $400,000 ($500,000 – $100,000).

How can I buy a 500k house?

To afford a house that costs $500,000 with a down payment of $100,000, you’d need to earn $74,607 per year before tax. The monthly mortgage payment would be $1,741. Salary needed for 500,000 dollar mortgage. This page will calculate how much you need to earn to buy a house that costs $500,000

Where do the rich live in Namibia?

Windhoek

Windhoek was 20th among the African cities where the super-rich live, with 1 000 HNWIs and 40 multimillionaires

Once your offer has been accepted, you need to pay your deposit (which is usually when contracts are exchanged). The deposit is generally (but not always) 10% of the purchase price. The most common way of paying the deposit is with a bank cheque.