10
Jun
Staff Writer The FNB House Price Index has posted a contraction of 5.9 percent year on year ( y/y) at the end of March 2020 compared to a contraction of 1.5 percent recorded over the same period of 2019. “This brought the average national house price to a 5-year record low of N$1 038 577 as at March 2020” Although overall house prices in the central and coastal regions have remained buoyant, registering growth of 8.2m percent y/y and 7.2 percent y/y over the first quarter respectively, this was overshadowed by steep contractions of 18.7 percent y/y and 13.6 percent…