My.na Property explores Namibia’s real estate landscape

They say real estate is the safest investment in the world, and this week’s episode of My.na Property proved just that, taking viewers on an insightful journey through property development, investment and ownership in Namibia, featuring guest Malcolm Ndjiharine, principal agent at Getsen Real Estate.The episode begins with a tour of a stylish starter townhouse currently on the market for N$1.1 million (excluding costs). The home features a modern kitchen fitted with built-in cupboards and a stove, a spacious backyard ideal for entertaining or adding a splash pool, and a guest toilet on the ground floor for convenience. Upstairs, viewers were shown a flexible landing area that can double as a home office, two bedrooms including a master suite, and a full bathroom with both a shower and a bathtub. The property also includes a single, remote-controlled garage. “It’s almost like a freestanding house within a gated community,” the host remarked, highlighting the property’s blend of space and security.In conversation with host Aina Kweyi, Ndjiharine shared his journey from a career in IT to a thriving business in property. “I’ve been a real estate agent since 2018, but before that, I was involved in construction for about four years,” he explained. “Real estate is my passion; that’s what keeps me going.” Although he still uses his IT skills to design websites for his business, Ndjiharine’s heart lies in helping Namibians find their dream homes.When asked about the current state of Namibia’s property market, Ndjiharine described it as vibrant, especially in the capital. “People are always buying homes,” he said. “It’s a basic need. Shelter will always be in demand. Prices in Windhoek are high, yes, but there are still affordable options in towns like Okahandja, Otavi and Otjiwarongo, where houses can go for as low as N$500 000.”He cautioned against generalising the market, noting that each region has its own pricing dynamics and opportunities.Advice for first-time buyersThe debate between buying an existing home and building from scratch often divides property seekers. For Ndjiharine, the answer depends on the buyer’s preferences and financial situation. “If you want to cut costs, building can be cheaper,” he explained. “When you buy a ready-built home, you’re also paying for someone else’s profit margin and finishes.”According to Ndjiharine, the first and most crucial step for any buyer is understanding their budget. “You can’t have N$1.5 million and want to live in Auasblik,” he joked. “Know what you qualify for, and manage your expectations accordingly.” He also urged buyers to define their “must-haves” and avoid indecision. “Many people don’t know what they want, and that leads to analysis paralysis,” he said. “When you find the right property, act quickly.”On the topic of home loans, Ndjiharine emphasised the importance of pre-approval. “It tells you exactly how much the bank is willing to lend you,” he said. “Banks typically use about 30% of your gross income to determine affordability.” He added that banks conduct property valuations to ensure the property is worth the loan amount, a process that protects both buyer and lender.For those looking to sell, Ndjiharine highlighted two essential documents: a valuation report and a compliance certificate from the municipality. “Without compliance, a property can’t legally change hands,” he warned. He also stressed that pricing determines how quickly a property sells. “If it’s overpriced, it will sit longer. The right price sells instantly.”Changing landscapeTechnology has transformed the real estate landscape, making it easier for both buyers and sellers. Platforms like Property24 Namibia allow users to browse, compare and list properties online. “You can be anywhere in the world and still go house-hunting,” Ndjiharine noted. He also encouraged sellers to use online listings to gauge market value. “If your property is listed for N$1.5 million, compare it with others at that price. Would you buy yours?”With security concerns growing in Windhoek and beyond, gated communities are becoming increasingly popular. “Even in South Africa, multi-million-rand homes are in gated estates for safety reasons,” Ndjiharine said. “It’s a trend that’s here to stay.”When asked what makes him stand out as an agent, Ndjiharine’s answer was simple: “Customer service and good energy.” He believes in creating a positive, memorable experience for every client.My.na Property continues to educate and inspire Namibians to invest wisely in real estate. Tune in every Tuesday at 21:00 for more insights into property development, home ownership, and investment opportunities across the country.

My.na Property explores Namibia’s real estate landscape

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Republikein 2025-11-04

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My.na Property explores Namibia’s real estate landscape

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