The average house in Namibia in June cost 6,4% more than a year ago. It represents a decrease compared to the period June 2015 - June 2016 when the increase was 11,6%. This was released in FNB Namibia's Housing Index in early November. As the economy only increased by 1,1% last year and with still jobs cuts in the country, disposable income is under significant pressure. As a result Namibian housing...
The Namibian housing market is continuing to suffering due to pressure on disposable income and to macroeconomic pressures. Last year the economy fell to a lowly 1.1 per cent GDP and the housing market price growth decelerate to 6.4 per cent in June. Josephat Nambashu from FNB is releasing the news while pointing out a very noticeable decline from the 11.6 per cent annual price growth recorded on the...
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