Frans Uusiku – Windhoek Observer

17 Apr

FNB reports a 3.5% growth in the housing market …..women first-time buyers on the rise

ObserverUncategorisedFNB House Price Index, FNB reports a 3.5% growth in the housing market, Frans Uusiku, women first-time buyers on the rise

Staff Writer The FNB House Price Index posted an annual growth of 3.5 percent year-on- year (y/y) at the end of 2020 compared to -4.7 percent y/y recorded over the same period in 2019. “The housing market is surely making a much more pronounced recovery than most other segments of the economy. This points to the resilience of the housing market and economic importance of housing in general. The national weighted average house price ended the year at N$1 240 943 compared to N$1 154 468 recorded in 2019” said Frans Uusiku, FNB Market Research Manager. The review of Namibia’s…

20 Nov

Rent prices slip back into negative territory

ObserverUncategorisedCovid-19, FNB, FNB Residential Rental Index, Frans Uusiku

Staff Writer The FNB Residential Rental Index shows that the 12-month moving average growth in rent prices took a dip of -1.3 percent at the end of September 2020., bringing the national weighted average rent to N$7 091 at the end of September 2020 compared to N$7 164 recorded over the same period in 2019. “The sudden return of the rental index growth into negative territory affirms the pass-through effects of COVID-19 pandemic on the rental market. This is unsurprising given the notable job losses and reduced income for the most part of the workforce as the country implemented COVID-19…

10 Jun

First quarter house prices tumble

ObserverUncategorisedFNB, FNB House Price Index, Frans Uusiku

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…

20 May

Rental prices rebound

ObserverUncategorisedCovid-19, FNB, FNB Rental Index, Frans Uusiku

Staff Writer The FNB Rental Index for the first quarter of 2020 shows that overall residential rent prices rebounded from a two-year negative growth territory. Frans Uusiku, FNB Market Research Manager said the Covid-19 lockdown is bound to paint a different picture when looking at quarter two of 2020. “Although we reached a 12-month average growth of 0.0 percent at the end of March, bringing the national monthly average rent price to N$ 7465, we know that the pandemic has disrupted business activity, resulting in job losses and reduced income for the most part of the labour force. This is…