29
Aug
Martin Endjla Independent Bank Researcher and Economist, Josef Sheehama, has attributed the high number of shacks in urban areas to the ever-increasing land and housing prices in the country. In an interview with Windhoek Observer yesterday, while reacting to the announcement of increased average house prices between 1990 to 2023, which went up by 1.258 percent as per Simonis Storm Securities report for August 2023. Sheehama said exorbitant prices of land and housing are one of the main reasons why there is an increase in shacks in urban areas. This is mostly caused by the cost of land planning and…