Is Namibia a good place to relocate to?

Namibia is generally a very safe country, especially compared to neighboring South Africa. Still, the high rate of poverty and unemployment leads to a fair amount of opportunistic crime. The most common types of crimes are pickpocketing, purse-snatching, and vehicle theft and break-ins.

Can a foreigner buy property in Namibia?

Buying property in Namibia: Foreigners are welcome and free to invest in residential property in Namibia and will get 100% full ownership when they do.

How much does property cost in Namibia?

On average, a house in the central region is now priced at N$1 470 000. When looking at major towns, the 12- month average price for a house in Windhoek came in at N$1 089 000 as at September 2020, having contracted by 8.6% q/q and 4.6% y/y

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

What is the biggest problem in Namibia?

Namibia is a small market and is heavily dependent on international trade. It is among the countries with the worst income disparities in the world (a Gini coefficient index of 64 in 2021, according to the World Bank). Despite high unemployment, there is a critical shortage of skilled labor

Is it worth buying property in Namibia??

With a booming property market and successful tourism sector, the country attracts those who value beautiful surroundings and long-term investments. With the average housing prices stable throughout the years, being part of the Namibian property market is a wise financial move.