Africa Links 24 with Justicia Shipena
Published on 2026-09-01 21:00:00
A severe housing shortage is pushing property prices out of reach for average Namibians, leaving thousands with little choice but to live in informal settlements.
According to a new affordability report by Simonis Storm Securities, a home buyer now needs a monthly salary of nearly N$44 000 to afford an average house.
In the second quarter of 2026, the average house price hit N$1.46 million, requiring a monthly income of about N$43 765 to secure financing for a home at that level.
Read the Full article on The Namibian
