Bank Windhoek chief financial officer and acting executive officer of specialist finance Zenaune Kamberipa has noted that the coast now accounts for around one-fifth of Namibia’s housing transactions. 

Speaking at the bank’s Coastal Estate Agent Awards in Swakopmund last week, Kamberipa said this is an indicator of strengthening demand, supported by lifestyle migration, tourism investment and rental market growth. 

He said that confidence is also visible in development activity. 

He noted that, in Swakopmund, building approvals rose, with nearly nine out of 10 approvals linked to residential development. 

Looking ahead, Kamberipa highlighted how discoveries in the Orange Basin could reshape coastal towns and property dynamics over the next decade. 

“In this environment, banking is not passive. It is catalytic,” said Kamberipa. 

“As demand rises for housing finance, commercial property loans and industrial funding linked to oil and gas activity, we remain committed to partnering with the coastal property sector to support growth that is not only faster, but also fairer and more resilient,” he stated.

Kamberipa cautioned that momentum without management can become pressure, with key constraints including affordability, subdued mortgage growth and supply limitations that can push up rental prices. 

He called for continued collaboration to expand supply, protect affordability and align private investment with public infrastructure so that coastal towns remain liveable for residents and competitive for business. 

In celebrating the coastal property professionals who delivered outstanding results and service excellence, Bank Windhoek hosted the event to recognise top-performing estate agents and agencies across multiple categories.

He shared a forward-looking view of the coastal property market’s renewed momentum and the structural changes expected from offshore oil and gas activity. 

-ebrandt@nepc.com.na