Africa Links 24 with Shania Lazarus, The Namibian
Published on 2024-09-01 06:00:00
Young professionals and middle- to low-income earners in Namibia cannot afford to buy a house.
This is because they earn less than the N$30 000 needed to be able to buy a N$1-million house in Windhoek.
The average three-bedroom house in the capital costs roughly N$1,2 million in areas of high and medium density.
Economists Salomo Hei and Josef Sheehama say an employee with a gross salary of N$36 123 would qualify for a N$1-million bond.
Sheehama says few young people in Namibia…
Read the Full article on The Namibian
