Namibia: House Prices, Rents, and Rental Yields
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Last Updated: Nov 30, 2005
Yields are high in Windhoek at 9.5% - 10%
| Last Updated: Nov 30, 2005 | |||||
| WINDHOEK | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 70 sq.m. | 45,000 | 360 | 9.60% | 643 | 5.10 |
| 100 sq.m. | 60,000 | 500 | 10.00% | 600 | 5.00 |
| 150 sq.m. | 85,000 | 700 | 9.88% | 567 | 4.70 |
| 200 sq.m. | 120,000 | 950 | 9.50% | 600 | 4.80 |
| 250 sq.m. | 160,000 | 1,000 | 7.50% | 640 | 4.00 |
| 400 sq.m. | 250,000 | 1,600 | 7.68% | 625 | 4.00 |
| SWAKOPMUND - Beachfront Houses |
|||||
| 250 sq.m. | 160,000 | 1,200 | 9.00% | 640 | 4.80 |
| 400 sq.m. | 270,000 | 1,800 | 8.00% | 675 | 4.50 |
| 500 sq.m. | 350,000 | 2,000 | 6.86% | 700 | 4.00 |
| 700 sq.m. | 540,000 | 3,000 | 6.67% | 771 | 4.30 |
| 1,000 sq.m. | 850,000 | 4,000 | 5.65% | 850 | 4.00 |
| Source: Global Property Guide | |||||
In Windhoek property typically costs US$457 – US$523 per sq. m. (NA$3,320 to NA$ 3,800). A 200 sq. m. house would cost about NA$712,812 (US$98,031). For a similar sized property, the rent would be around NA$5,643 (US$776) per month.
Yields are around 9.5% to 10% for properties of up to 200 sq. m.. Bigger properties have yields of around 7.5%.
Beachfront properties in Swakopmund are priced at US$131 to US$694 per sq. m. (NA$950 – NA$5,050), and yield around 5.5% to 9%.
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