Windhoek Needs 10 000 Houses for Prices to Drop

By Chamwe Kaira

Windhoek needs 10 000 new houses before the median price can drop to N$400 000, Daniel Kavishe, market research manager at FNB Group said yesterday.

The median price is the figure in the middle of a range of numbers arranged from lowest to highest.

"Having reviewed the prices in 2015, there is little chance that the growth in prices will ease, unless the mass housing project really kicks off in Windhoek and at the coast," said Kavishe when he released the latest FNB housing index.