BoN Symposium: Prohibit foreigners to buy land - BoN | Republikein.com.na
? Banning foreigners land may buy the disposal of the Act Deeds, the impairment of speculators in the housing market? Prohibiting exorbitant auction prices and the overall review of legal provisions and instruments of the recommendations released by the Bank of Namibia (BoN) is made to Namibia's massive housing shortage to tackle.
According to the BoN's director of research, autobid Mr. Ebson Uanguta, the implementation of these proposals is the only answer to Namibia's housing backlog of about 92 000 homes and the land more than A $ 20 billion is needed to allow the backlog to catch up. These suggestions are Monday through Uanguta during the BoN's 13th annual symposium published.
This year's autobid symposium was intended for housing in Namibia under the microscope to take the theme:? Housing in Namibia: Has the situation after 21 years of independence changed ?? According Uanguta bear the stronger buying power which foreigners have, add to rising house prices. ? The government should set a ban on the purchase of land by non-Namibians place until the current backlog properly corrected ,? Uanguta has said.
Uanguta said several local authorities auctions suggests that land at artificially high prices, which leads to middle and low income households are prevented from the formal housing market. ? The sale of land at exorbitant profits should be banned as it is to inflated prices. As an alternative must auctions exclusively to high-income residential areas is limited. ? The offer-to-purchase procedure recently harnessed, is it? A step in the right direction ,? Uanguta has said.
According to him, the right tools in place in order to speculative activities to limit and appraisal of the housing market to standardize. ? Restrictions should also buy two properties in low and middle income neighborhoods are placed where house prices are high in the shooting.
? Furthermore, legal requirements first home buyers through the property offer to purchase scheme obtained is prohibited within? A period of four years to sell, unless autobid financially evidence that such owner, the property can maintain ,? Uanguta has said.
He was also of the opinion that the Deeds Act should be reviewed in order to prospective buyers and sellers the option to give up not to be compelled by the services of an attorney to use when it comes to the transfer of property does not come.
? The Deeds shall appoint legal staff in order the registration and transfer of deeds to handle. Alternatively should autobid set an inquiry into the possibility of satellite offices nationwide investigation autobid ,? he said.
Uaguta finally recommended that the cost of building materials also need attention and government companies autobid who boutenders granted shall oblige local building materials autobid to use.
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? Banning foreigners land may buy the disposal of the Act Deeds, the impairment of speculators in the housing market? Prohibiting exorbitant auction prices and the overall review of legal provisions and instruments of the recommendations released by the Bank of Namibia (BoN) is made to Namibia's massive housing shortage to tackle.
According to the BoN's director of research, autobid Mr. Ebson Uanguta, the implementation of these proposals is the only answer to Namibia's housing backlog of about 92 000 homes and the land more than A $ 20 billion is needed to allow the backlog to catch up. These suggestions are Monday through Uanguta during the BoN's 13th annual symposium published.
This year's autobid symposium was intended for housing in Namibia under the microscope to take the theme:? Housing in Namibia: Has the situation after 21 years of independence changed ?? According Uanguta bear the stronger buying power which foreigners have, add to rising house prices. ? The government should set a ban on the purchase of land by non-Namibians place until the current backlog properly corrected ,? Uanguta has said.
Uanguta said several local authorities auctions suggests that land at artificially high prices, which leads to middle and low income households are prevented from the formal housing market. ? The sale of land at exorbitant profits should be banned as it is to inflated prices. As an alternative must auctions exclusively to high-income residential areas is limited. ? The offer-to-purchase procedure recently harnessed, is it? A step in the right direction ,? Uanguta has said.
According to him, the right tools in place in order to speculative activities to limit and appraisal of the housing market to standardize. ? Restrictions should also buy two properties in low and middle income neighborhoods are placed where house prices are high in the shooting.
? Furthermore, legal requirements first home buyers through the property offer to purchase scheme obtained is prohibited within? A period of four years to sell, unless autobid financially evidence that such owner, the property can maintain ,? Uanguta has said.
He was also of the opinion that the Deeds Act should be reviewed in order to prospective buyers and sellers the option to give up not to be compelled by the services of an attorney to use when it comes to the transfer of property does not come.
? The Deeds shall appoint legal staff in order the registration and transfer of deeds to handle. Alternatively should autobid set an inquiry into the possibility of satellite offices nationwide investigation autobid ,? he said.
Uaguta finally recommended that the cost of building materials also need attention and government companies autobid who boutenders granted shall oblige local building materials autobid to use.
Microsoft's clever clock may soon racks
Pretorius Continues good run of form
Trepper is Swapo's candidate for Windhoek West
Male prostitute testifies in Dewani trial
NSX appoints new CEO
Other African Labour Banking Energy Community Health
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