Namibia Introduces Property Ban for Foreigners
by Shinovene Immanuel
FOREIGNERS who want to sell their property in Namibia such as land or a house will soon be forced to first offer it to a local authority, a Namibian citizen or central government.
This is part of the amendments presented in the National Assembly last week by urban and rural development minister Sophia Shaningwa (right). Even though the amendments are also set to ban foreigners from buying land in any town, they can still acquire land through companies in which they should not have majority shares.
According to the latest amendments to the Local Authorities Bill, which will be discussed in the National Council in a few weeks, a Namibian property owner situated in a local authority who intends to sell property should only sell it to a fellow citizen.