Chart of the Week
The Namibian housing market has been on a steady upward trajectory since the early 1990s, with growth accelerating almost exponentially over the past decade.
The central region, particularly Windhoek, remains the country’s most expensive housing market, recording 7.2% year-on-year growth in 2024. Continued migration to the capital has put pressure on limited serviced land supply, driving both demand and affordability concerns. The coastal region has also seen strong price increases, narrowing the gap with central prices on the back of rising economic activity, especially from oil and gas developments.
In contrast, the northern region has experienced slower growth, reflecting its largely rural and traditional farming population. The southern region has diverged sharply from national trends, with house prices falling by -4.5% year-on-year in 2024 and land prices nearly halving.
The central region, particularly Windhoek, remains the country’s most expensive housing market, recording 7.2% year-on-year growth in 2024. Continued migration to the capital has put pressure on limited serviced land supply, driving both demand and affordability concerns. The coastal region has also seen strong price increases, narrowing the gap with central prices on the back of rising economic activity, especially from oil and gas developments.
In contrast, the northern region has experienced slower growth, reflecting its largely rural and traditional farming population. The southern region has diverged sharply from national trends, with house prices falling by -4.5% year-on-year in 2024 and land prices nearly halving.
