01
May
CHAMWE KAIRA The growth in property sales volumes improved in 2024 but remained in negative territory. During the period under review, the sale of properties in Namibia improved by 4.2%, reaching -15.5% in December 2024 compared to -19.7% in 2023. Despite this, property sales remained in negative territory, thus reflecting ongoing affordability challenges and weak market sentiment, the financial stability report of April 2025 by Namibia Financial Institutions Supervisory Authority (NAMFISA) and the Bank of Namibia said. The report said this is underscored by the low growth in mortgage credit, attributable to structural macroeconomic factors such as high unemployment. “The…