{"id":58020,"date":"2023-11-09T15:27:01","date_gmt":"2023-11-09T15:27:01","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2"},"modified":"2023-11-09T15:49:47","modified_gmt":"2023-11-09T15:49:47","slug":"namibia-relaxes-home-loan-curbs-to-stimulate-economy-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2","title":{"rendered":"Namibia relaxes home loan curbs to stimulate economy"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Namibia\u2019s central bank announced on Wednesday that it is further easing restrictions on home loans in a bid to revive the country\u2019s long-depressed housing and construction sectors.<\/p>\n

The Bank of Namibia (BoN) said in a statement that a mortgage loan for a second residential property no longer requires any deposit, while mortgage loans for third and subsequent residential properties only require a 10 percent deposit.<\/p>\n

Leonie Dunn, deputy governor of the BoN, said recent economic conditions and shifts in the Namibian property market prompted these changes.<\/p>\n

\u201cThese regulations mirror recent economic conditions which require a further relaxation while safeguarding financial stability. They are designed to foster investment in the property sector, generate job opportunities, and make a positive contribution to economic growth and recovery,\u201d Dunn said.<\/p>\n

The Namibian construction sector\u2019s contribution to GDP decreased to 290.60 million U.S. dollars in the second quarter of 2023 from 623.10 million dollars in the first quarter, according to the Namibia Statistics Agency.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Namibia\u2019s central bank announced on Wednesday that it is further easing restrictions on home loans in a bid to revive the country\u2019s long-depressed housing and construction sectors. The Bank of Namibia (BoN) said in a statement that a mortgage loan for a second residential property no longer requires any deposit, while mortgage […]<\/p>\n","protected":false},"author":84,"featured_media":58018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-58020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamibia relaxes home loan curbs to stimulate economy - Namibia<\/title>\n<meta name=\"description\" content=\"Namibia\u2019s central bank announced on Wednesday that it is further easing restrictions on home loans in a bid to revive th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia relaxes home loan curbs to stimulate economy\" \/>\n<meta property=\"og:description\" content=\"Namibia\u2019s central bank announced on Wednesday that it is further easing restrictions on home loans in a bid to revive th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T15:27:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T15:49:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/11\/sm_1699532280.091463.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia relaxes home loan curbs to stimulate economy\",\"datePublished\":\"2023-11-09T15:27:01+00:00\",\"dateModified\":\"2023-11-09T15:49:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2\"},\"wordCount\":179,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/11\/sm_1699532280.091463.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-relaxes-home-loan-curbs-to-stimulate-economy-2\",\"name\":\"Namibia relaxes home loan curbs to stimulate economy - 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