How much does it cost to build a house in Windhoek?

As a result, in March 2021 prices, the construction of a standard three-bedroomed house will cost on average N$593 897 in Windhoek, while at Keetmanshoop it will cost N$388,003

How much does it cost to service land in Namibia?

If you buy a plot while we have not yet serviced the land, you will be buying at N$120.00 per square. The servicing cost will be N$650.00 meaning you will pay a total of N$770.00 per square meter. Meaning that you will pay a deposit of N$15,000.00 (25%) and the rest you pay in monthly installments.

Is it cheaper to build a house in 2022?

It is anticipated that interest rates will be on a rising trend throughout 2022 and costs will continue to increase, although the cost increases will be at a more normalized rate. It is highly unlikely that it will be less expensive to build in the future

How much do you need to live comfortably in Namibia?

In Namibia, there is a huge gap between the average monthly net salary and a minimum wage. While the minimum wage is very low, and only a little above 100$, the average monthly salary is somewhat high, amounting up to 900$. The average monthly salary in Namibia is enough to lead a normal life and make ends meet.

Is it cheaper to build or buy in Namibia??

As a rule of thumb, it’s cheaper to buy a house than to build one. Building a new home costs $34,000 more, on average, than purchasing an existing home. The median cost of new construction was $449,000 in May 2022