Namibia is a beautiful and diverse country with a stable political and economic climate, making it a prime destination for property investment. South Africans are particularly drawn to Namibia due to its close proximity, similar culture, and affordable property prices. Schantal Teichmann, franchisee of Just Property Windhoek and Just Property Swakopmund, shares her insights into why investing in Namibian property is a good idea for South Africans.
There are many advantages to investing in property in Namibia:
Strong rental demand: Namibia has a growing population and a thriving tourism industry, which means there is a high demand for rental properties.
Capital appreciation: Property prices in Namibia have been rising steadily in recent years and are expected to continue to do so.
Tax benefits: Namibia has a number of tax benefits for property investors, such as no capital gains tax or inheritance tax.
Lifestyle benefits: Namibia offers a high quality of life, with stunning scenery, friendly people, and a variety of outdoor activities to enjoy.
If you are a South African interested in investing in property in Namibia, the process is relatively straightforward as long as the property in question doesn’t fall under the category of agricultural land. You will need to obtain a non-resident buyer’s permit, which can be done through the Namibian Ministry of Home Affairs.
Schantal Teichmann has lived in Namibia her entire life. When she saw an opening for a company that could provide exclusive letting and administrative services, she started Just Property Windhoek in 2005 and later opened Just Property Swakopmund in 2021.
“My love for people motivated me to help people find and manage investments so that they could grow their wealth through property,” she says. Below, she answers five questions that South Africans frequently ask her.
South Africans can buy property in Namibia through Just Property. We have two teams of experienced and knowledgeable agents who can help you find the perfect property for your investment needs, whether that be a home purchase, investment property, or rental property management.
Political and economic stability: Namibia is a politically and economically stable country, with a strong democracy and a growing economy.
Close proximity: Namibia is located just a short flight from South Africa, making it an ideal destination for holidays and second homes.
Affordable property prices: Property prices in Namibia are generally more affordable than in South Africa, making it a good value-for-money investment.
Windhoek is the capital of Namibia and the epicentre of all commercial trading. The city has a growing population and a strong economy, which is driving up demand for rental properties.
If you have further questions about investing in Namibia, Just Property can assist! Please contact our team via the Just Property Namibia website.
