Apparently the only piece of real estate young people will own in Namibia is a grave. I just feel it’s a misleading statement because there are several ways young people can own real estate and I’ll tackle a few of them one article at a time.
“If you want to go quickly, go alone. If you want to go far, go together.” This is a popular African proverb, which is a great way to get ahead in real estate as well. There are many young people who feel they cannot afford real estate because of their low qualifying amount. However, what they do not seem to consider is that one can partner up with a friend, colleague, lover, mother, father, acquaintance, aunt, cousin etc… to purchase a piece of real estate. Joint ownership of immovable property is allowed in Namibia. So you can partner up to own an investment property or you can purchase the property for you to occupy.
Wait, you mean to tell me you do not trust anyone in your circle to partner up with? If so, then what are they doing in your circle?
In 2020, my wife and I partnered up with very good friends of ours and bought land. Last year we bought a house in Windhoek with another acquaintance of ours as well. It really works, Grove Mall in Windhoek was built as a result of a joint partnership between developers, so what are you waiting for because two can play that game.