Business / Economics

Rental Market Sees Surge, Led by Two-Bedroom Units

today10 January, 2025

Background

 

The average rental price in Namibia reached N$7,348 on a 12-month rolling basis, with two-bedroom units driving market growth, according to recent data as reported by The Brief. In the second quarter of 2024, rentals for two-bedroom properties saw a notable 14.7% increase, up from 11.6% in the first quarter, representing the highest growth among all categories. FNB Namibia’s Rent Price Index attributes this rise to changing tenant preferences amidst ongoing affordability challenges in the rental market.

Written by: Leonard Witbeen

Similar posts

Namibia

Analab expands workforce with inauguration of new laboratory 

By: Selma Taapopi Analytical Laboratory Services has expanded its operations and now employs approximately 34 staff members, about 60 percent of whom are young people, marking significant growth from the four staff employed when it was established in 1997. The increase in staff follows the inauguration of a new laboratory in Windhoek on Wednesday, which will complement […]

today19 February, 2026