Bank Windhoek has financed 427 homes amounting to N$600 million in 2024, marking a 24% increase from the previous year. The bank celebrated with its annual Central Estate Agent Awards, acknowledging contributions from real estate agents. The reduction in interest rates is expected to further boost the property market, making homeownership more accessible.
Bank Windhoek has announced a notable increase in home financing for 2024, empowering the acquisition of 427 homes valued at approximately N$600 million, showcasing a 24% rise in value compared to the previous year. This announcement was made by Chief Financial Officer and Interim Specialist Finance Executive Officer, Zenaune Kamberipa, during the bank’s annual Central Estate Agent Awards held on March 7 in Windhoek.
In conclusion, Bank Windhoek’s impressive financing achievements and its recognition of real estate professionals signify a robust future for the Namibian property market. With decreased interest rates enhancing accessibility and the bank’s commitment to supporting stakeholders, the environment is favorable for homeownership and further economic growth in the real estate sector.
Original Source: economist.com.na
