House supply must grow five fold

The FNB House Price Index fell by 2.5% in February, but house prices still remain 21% higher than the same period last year. Namene Kalili, Manager of the Research and Competitor Intelligence unit at FNB Namibia said that this figure is somewhat lower than the annualised growth for 2012 which stood at 25% and thus indicates that house prices are decelerating for now.