The FNB Namibia Housing Price Index for the second quarter of 2024 revealed a continued upward trend in property values.
The average house price rose to N$1,263,673, marking a N$30,000 increase from the previous quarter. While this growth is slower than the 6.2% recorded in the second quarter of 2023, it indicates a sustained upward trajectory in the Namibian housing market.
The FNB House Price Index highlighted a 12-month average growth of 1.7% in Q2-2024 compared to the growth of 0.3% observed in Q1-2024 and was lower than the 6.2% growth recorded in Q2-2023.
FNB Namibia Market Research Manager Mandisa Van Wyk says the 12-month moving average prices for the central, coastal, northern, and southern regions stand at N$1,625,000, N$1,412,000, N$855,000, and N$833,000, respectively.
For more information about the housing index, please contact your nearest FNB branch or visit the link below.
Contact Centre: +264 61 299 2222 | +264 81 9536262
Email: info@fnbnamibia.com.na
[For more information please do not hesitate to contact us @ +264 81 657 3920]
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