Property

Property (148)

The Matutungu Property Fund (MPF), which was launched on Wednesday, plans to bridge the finance gap and reduce the country's housing backlog.

 

A total of 176 building plans worth N$128.7 million were approved by the City of Windhoek in January, representing a 79.6% month on month increase from the 98 building plans approved in December.

The high cost of land in Windhoek is pushing up construction costs of houses in the capital, a recent report by First Capital (FC) has revealed.

The City of Windhoek approved 2,682 building plans in 2021, a 6.3% increase compared to 2,524 in 2020, while a total of 1,729 projects were completed, a marginal 0.5% increase compared to 1,720 in 2020.

A total of 271 low-cost houses have been built countrywide through the Shack Dwellers Federation, with 75% of the beneficiaries being women, following a 2017, N$10.7 million investment by MTC towards housing with the Buy A Brick project.

It could take the City of Windhoek (CoW) close to four years to finalise modalities for the development of its ambitious Cimbebasia high density housing project, The Brief has established.

The FNB House Price Index was up by 9.6% y/y at the end of June 2021, following a contraction of 1.0% y/y over the same period last year.

Maerua Mall is set to undergo some major renovations, with property owner, Oryx Properties confirming that it is currently in the planning phase for the project, which is subject to raising the required capital, with a team to advise on the planned changes having been appointed.

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