Housing Market

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Business / Economics

Housing market shows steady growth, says FNB Namibia

For sale, viewing sign ( Photo: RNZ / Marika Khabazi) The residential property market continued its upward trajectory in the second quarter of 2025, according to the latest FNB House Price Index. The 12-month average growth stood at 7.7%, slightly down from 9.4% in the first quarter but still well above the 1.7% recorded in 2Q24. Price trends varied across property segments, with small homes rising by 5.9%, medium properties barely […]

today11 September, 2025

Namibia

Home Loans Only, Says GIPF on Pension Scheme

The Government Institutions Pension Fund has clarified that its Pension-Backed Home Loan Scheme is strictly intended to help members buy or build houses. The Pension Funds Act limits pension access to housing purposes only, ruling out business ventures or personal spending, According to CEO Martin Inkumbi:

today15 July, 2025

Business / Economics

Inflation Falls, But Monthly Rate Rises

Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen:  

today13 February, 2025

Business / Economics

Rising interest rates drive demand for extended rental agreements

The FNB Rent Price Index has remained positive for two consecutive quarters, reaching a 12-month average of 4.7% in quarter three of 2023. The average rent price on a 12-month rolling basis is N$7 177. The bank’s Economist Ruusa Nandago says individuals are delaying property purchases and choosing extended rentals due to higher interest rates and affordability challenges.  

today29 January, 2024