Namibia: Global Economic Crisis Affects Home-Loan Books

Namibia: Global Economic Crisis Affects Home-Loan Books - As a result of the global economic crisis, sales in almost every business sector in the world have been affected negatively. The Namibian property market is no exception although it took the better part of a year before the full impact manifested itself in domestic properties. Perhaps the clearest indication of the down-turn is reflected in banks' figures on mortgages for private residences. [AA Urbanisation]