FNB reports a 3.5% growth in the housing market

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

FNB reports a 3.5% growth in the housing market …..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…
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