Housing Finance in Namibia


For the French version of this country profile, click here.

To download a pdf version of the full 2018 Namibia country profile, click here.

Namibia is a middle income country in Southern Africa, with a GDP per capita of US$5 555 at current prices in 2017 up by US$214 from 2016. Namibia has been one of Sub-Saharan Africa’s most politically stable countries since its independence in 1990, which has aided it in becoming one of the most attractive investment destinations in the region.


The Bank of Namibia, Namibia’s Central Bank, regulates all banking activity in the country. Insurance companies and microlenders are regulated by the Namibia Financial Institutions Supervisory Authority (NAMFISA). There are eight licensed commercial banks in Namibia: Bank Windhoek Limited, First National Bank Namibia Limited, Nedbank Namibia Limited, Standard Bank Namibia Limited, Trustco Bank Namibia Limited, Banco Atlantico, Bank BIC Namibia Limited and Letshego Bank Namibia Limited.


Based on the 2016 Income and Expenditure Survey, 17 percent of households have title deeds, 4.4 percent have leasehold certificates, 12.4 percent have land right certificates, and 22 percent of properties are rental. Key stakeholders in the Namibian housing supply market include government, civil society and private sector.

There are various plans by government through public private partnerships to construct housing as well as to service land for housing in the near future. Examples include investment earmarked by Helao Nafidi Town Council, which is putting aside US$0.8 million for housing, City of Windhoek aims to service 300 erven by 2019 in Rocky Crest and invest US$11 million in 1 200 affordable housing units for example. Government generally provides land and partners provide technical expertise and financing.

Namibia has a history of exorbitant house price inflation; however, the market is correcting itself as there has been constant contraction in house price growth with the average house price cut to N$1.1 million over the past year (with declines in prices seen mostly in the higher income segments) and expected to grow at between five and six percent in 2018.

While the commitment to improve housing conditions in Namibia is prevalent, with renewed effort and commitment from government, there is a need to stimulate increased involvement by the private sector. Momentum is picking up and a number of public private partnerships are being undertaken, with increased interest in, and supply of, serviced land and affordable housing. The general housing demand is known and inflated and speculative house prices are decreasing, leading to market correction. Importantly, the new loan-to-value regulation targeting non-primary residential property will ensure financial stability.

Find out more information on the housing finance sector of Namibia, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2018 edition, which has up-to-date profiles for 54 African countries.

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