Bank Windhoek supports the dynamic northern real estate industry

Bank Windhoek has demonstrated its dedication to supporting the property market in Northern Namibia while recognising the efforts and hard work of estate agents. The annual Bank Windhoek Real Estate Agent Awards, recently held in Oshakati, highlighted the Northern market as dynamic and ever evolving.“In 2024, Bank Windhoek financed 281 transactions worth N$226 million in the northern region, with Rundu accounting for 109 of these transactions, contributing N$90 million to the total value.” Bank Windhoek’s chief financial officer and interim executive officer for specialist finance, Zenaune Kamberipa, shared these figures at the event.He explained that the real estate sector is more than just buying and selling property. “It is about creating opportunities, fostering relationships, and building the future. Northern Namibia is experiencing renewed growth, and estate agents are at the forefront of this transformation,” he said.Kamberipa encouraged estate agents that while celebrating achievements, challenges withinthe industry must be recognised. He said, “One of the biggest concerns in Namibia’s real estate market remains land delivery. The demand for affordable, serviced land continues to outpace supply, making homeownership difficult for many Namibians. The high cost of land, lengthy bureaucratic processes, and limited infrastructure development in key areas create significant barriers.”Bank Windhoek’s far north regional manager Elisse Mire Christof said 2024 was a good year for the market. “We credit the collaboration between the estate agents in and around northern Namibia for the growth of the north property finance book,” she said.Awarded as Estate Agent with the Highest Volume of Transactions and receiving a Bronze Award was Simeon Iita from Hippo Real Estate. He said the main challenge within the industry in 2024 was the increased repo rate, which almost brought his business to its knees. Despite these challenges, Iita said his focus remained optimistic to provide for the needs of his customers.Additionally, he said Bank Windhoek is accessible and has efficient service that motivates more sales. Awarded as an achiever of the year in the category of sales of up to N$7 million and more, Ester Likuwa from Estern Properties received the Bronze Award. Happy to be recognised within the real estate industry, Likuwa said that while facing challenges with her business and client’s finances, many ups and downs were prominent, but she remains committed to selling property.“In the future, I look forward to selling more property and receiving an award within the sales category from N$20 million and more,” she said.The Bank Windhoek’s Annual Estate Agent Awards recognises residential and commercial estate agents, agencies, and developers from the central, coastal and northern regions for their commitment, loyalty, and support to Bank Windhoek and its customers.

Bank Windhoek supports the dynamic northern real estate industry

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Republikein 2025-04-28

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Bank Windhoek supports the dynamic northern real estate industry

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