Namibia: FNB Namibia offers collective buying plan to tackle homeownership barriers in housing crisis – National

12 friends can now buy a house together

Homeownership in Namibia is a bitter discussion for many, but FNB Namibia last week launched a product aiming to make homeownership more accessible amid the country’s housing crisis.

Namibia currently has a housing backlog of 300 000 units.

The bank’s new ‘collective buying’ product, however, allows up to 12 people to jointly buy property.

“This product allows families, friends, or groups of people to come together to pool their…