FNB leading analyst Josephat Nambashu says that the housing demand is suffering. There is not much demand from buyers and when a property sells, it sells on average 98 percent below its asking price. The country’s residential property market changed from a seller’s market to a buyer’s market. Price growth dropped almost everywhere except for […]
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 […]
FNB Namibia’s Housing Index revealed yesterday that in June the average house in Namibia cost 6,4 per cent more than a year ago. Disposable income is under pressure and macro-economic challenges continue aggravating the Namibian housing market that saw the annual price growth slowing down to 6,4 per cent in June. This substantial decline is […]
