Namibia: Namibia Continues to Record Fastest Growth in House Prices in the World

[New Era]Namene Kalili, Senior Manager Research and Development at FNB Namibia Holdings, yesterday said although house prices in Namibia continued to increase in 2014 at a much faster pace than the long-term trend over the past seven years, demand continued to weaken in a number of regional markets and this was thus indicative that demand could not support elevated house prices or delayed house purchases leading up to the municipal auction in October.