To most Namibians, a property/house is considered an asset. Even if you ask your grandparents, they will tell you that real estate is the greatest asset you will ever own in your lifetime.
But before we go far, let us define an asset: 'an asset is something that we own, something of value that brings us cash flow. That is why even from an accounting perspective, a house owned by a company will be reported on the asset side of balance sheets.'
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