Summary
All Africa ·

GOVERNMENT is looking at tightening the law to control the escalating house prices, says the Minister of Trade and Industry, Calle Schlettwein. Schlettwein told The Namibian yesterday that he has begun the process of amending real estate laws to entrench several clauses that will ensure that industrial land and prices of properties are controlled. "We are amending the law relating to real estate. That will include how property developers work, their prices and how they organise themselves," he explained, adding that government is also looking at entrenching empowerment clauses.