Covid-19

The government's real estate market, severely impacted by the coronavirus outbreak in the previous two years, is now recovering, according to FNB Namibia. According to Frans Uusiku, FNB Marketing Intelligence Manager, "Rental development in Namibia is once more back on is on an upward track, recording lesser decreases over time, as the effect of Covid-19 begins to cool-off, paired with the re-opening with...

At the end of 2021, the FNB private housing inflation figures showed a 12-month annualized return of 7.1%. From 21.7 percent of the total a year ago, the quantity index increase slowed to 6.6% today. At the end of the year, the nationwide adjusted average house value was N$1 181 225, up from N$1 240 943 in 2020. Even though inflation figures rise is still very strong on an annual basis, falling...

After declining by 1.0% y/y compared to the same time in 2020, the FNB Index of House Prices increased by 9.6% y/y in June 2021. As a result, the nationwide adjusted house price average increased significantly from the previous year to N$1 042 852 to N$1 286 908 today. According to Frans Uusiku, FNB Market Analysis Manager, "career high housing prices and a lack of supply are maintaining the Namibian real...

As per agents of real estate in cities, now is considered a good time for any investment in properties if there is a stable stream of income coming in. Additionally, the prime rate, which is incredibly low, is also an advantage that investors, as well as homeowners (potential), can reap benefit from. As of right now, the lending rate is at 7.75%. Irmgard Hamayulu, a real estate agent, based in...