If you’re selling or buying a house in Namibia, there are plenty of fees to keep track of along the way, from the stamp duty on the purchase to the transfer fee and various other small costs here and there. Take some time now to familiarize yourself with what these costs are likely to be so you don’t find yourself surprised down the road by any extra expenses you weren’t expecting!

The Conveyancing Fee

When a house is bought, the new owner needs to pay transfer fees. These are payable on top of the purchase price and vary depending on the value of the house and where it is located. The higher end of the fee range is between 1% and 3%. The average property transfer fee in Namibia is around 0.5%.

The Registration Fee

It is important to note that the registration fee is not a one-time fee, but an annual charge. The registration fee for residential property varies depending on the location of the property, with urban areas typically costing more.

The Notary Public Fee

The fee for this varies depending on the location of the property. They can range from $50 to $400. The fees depend on what they need to do as a notary. If you’re not sure, ask them!