70% of Namibians unable to afford formal housing
Less than 10% of the working population hold home loans; 70% of the population cannot afford formal housing due to low incomes and limited mortgage access, according to central bank data. Average house prices have risen from N$200,000 in 2000 to between N$1.3 million and N$1.4 million today, while the average working Namibian earns N$5,000 or less per month.
70% of Namibians unable to afford formal housing reveals a critical housing affordability crisis affecting the majority of the population.
28 May 2026 · The Namibian →