Top estate agents honoured

Staff reporter - While most sectors continue taking major blows owing to the current economic downturn, local estate agents and developers continue to hold their sector above water, aiding in the growth of the sector through property deals financed through Standard Bank Namibia.

These were some of the sentiments that were shared by Standard Bank Namibia’s head of personal and business banking, Mercia Geises, at its annual Estate Agents Awards recently.

According to Randy Slabbert, Standard Bank Namibia's head of home loans, the bank achieved a 34% year-on-year growth in both the volume and value of new business generated.

There was a 70% year-on-year increase in the cumulative sales value achieved for the top five estate agents nationally. A similar trend was evident relating to the top five estate agencies, where a year-on-year growth of 90% was reported.

Both the top performing Estate Agent of the Year and the Estate Agency of the Year generated business in access of N$50 million, Slabbert said.

The winning agents were subdivided into various categories, while the overall winners were awarded with an all-expenses paid trip to Bali, Indonesia.