FNB House Price Index – Windhoek Observer

17 Apr

FNB reports a 3.5% growth in the housing market …..women first-time buyers on the rise

ObserverUncategorisedFNB House Price Index, FNB reports a 3.5% growth in the housing market, Frans Uusiku, women first-time buyers on the rise

Staff Writer The FNB House Price Index posted an annual growth of 3.5 percent year-on- year (y/y) at the end of 2020 compared to -4.7 percent y/y recorded over the same period in 2019. “The housing market is surely making a much more pronounced recovery than most other segments of the economy. This points to the resilience of the housing market and economic importance of housing in general. The national weighted average house price ended the year at N$1 240 943 compared to N$1 154 468 recorded in 2019” said Frans Uusiku, FNB Market Research Manager. The review of Namibia’s…

FNB House Price Index shows green shoots in house prices

ObserverUncategorisedFNB, FNB House Price Index

Staff Writer The FNB House Price Index recorded a 12-month average growth of 0.7 percent year-on-year as at September 2020. This is the first time in nearly three years that the index marks a growth territory. “The rebound in house prices further affirms our earlier view, as highlighted in the prior quarterly publication, that house price deceleration has seemingly reached a pinnacle. This brings the national weighted average house price to N$1 233 106 as at September 2020” said Frans Uusiku, FNB Market Researcher. “The increase in house prices has been partly fuelled by the completion of new developments in…

First quarter house prices tumble

ObserverUncategorisedFNB, FNB House Price Index, Frans Uusiku

Staff Writer The FNB House Price Index has posted a contraction of 5.9 percent year on year ( y/y) at the end of March 2020 compared to a contraction of 1.5 percent recorded over the same period of 2019. “This brought the average national house price to a 5-year record low of N$1 038 577 as at March 2020” Although overall house prices in the central and coastal regions have remained buoyant, registering growth of 8.2m percent y/y and 7.2 percent y/y over the first quarter respectively, this was overshadowed by steep contractions of 18.7 percent y/y and 13.6 percent…