Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Namibia.
Namibia has shown steady economic growth, particularly in the mining, agriculture, and tourism sectors. This stability encourages investment in real estate, which is seen as a relatively secure and appreciating asset in the long run.
There is an increasing demand for housing, particularly in urban centers like Windhoek, Swakopmund, and Walvis Bay. With a growing middle class and a young population, the need for residential properties, affordable housing, and modern amenities is on the rise.
Namibia is strategically located with access to major ports, such as the port of Walvis Bay, which is a key trade hub. This boosts opportunities for commercial real estate investments, as businesses seek proximity to these ports for shipping and logistics.
Namibia’s tourism industry is expanding, thanks to its natural attractions like the Namib Desert and Etosha National Park. This growth creates opportunities for hospitality-related real estate investments, such as hotels, resorts, and lodges.
Compared to other African countries or regions with emerging markets, Namibia offers relatively affordable land for development, particularly in areas outside the main cities. Investors can purchase land at reasonable prices with potential for future appreciation.
