The average house price in Namibia has increased to N$1,360,664 at the end of the second quarter of 2025 (2Q25), slightly up from N$1,345,270 in the first quarter (1Q25), and higher than the N$1,263,673 recorded in the same period last year (2Q24).

This is according to the latest FNB Housing Price Index, which shows that housing prices continue to rise, although at a slower pace.

The national 12-month average house price growth stood at 7.7% in 2Q25. While this marks a drop from 9.4% in 1Q25, it is still a big improvement from the 1.7% growth recorded in 2Q24.

FNB says this steady increase reflects a continued recovery in the housing market since it began to bounce back in early 2023.

According to the report, the average house prices by region are from a regional perspective, most regions recorded growth, with the southern region ranking highest at 14.6% followed by the northern region at 14.4% and the central region at 6.0%. The coastal region price growth however contracted by 0.3% in 2Q25.

“Transaction volumes growth rose to 15.5% in 2Q25 on a 12-month moving average, which is significantly above the 10.0% in 1Q25 and the contraction of 17.7% seen in the same period a year ago. Moreover, volume growth has remained positive since 4Q24, illustrating sustained upward momentum. Regionally, the central, coastal, northern and southern regions grew by 12.5%, 35.6%, 8.1% and 16.7% in 2Q25, respectively, on a 12-month average basis. Southern volumes, however, remain thin, only making up 19 transactions out of the total 828 recorded,” says the report.

From a segment perspective, the small, medium, large and luxury segments’ volume growth increased to 9.0%, 22.0%, 100% and 100.0%, respectively, on a 12-month moving average. It should be noted that the luxury segment sales only recorded six transactions, whilst the small, medium and large segments had transaction volumes of 545, 182 and 28 on a 12-month average in the second quarter of 2025.

“The Namibian residential property market continues to show resilience, with transaction volumes steadily increasing despite a moderation in house price growth. 

Prices remain relatively high, reflecting sustained demand from consumers with a growing appetite for long-term debt. These movements are supported by increased local investment in rental housing to meet rising medium-term accommodation needs, alongside interest from foreign buyers,” FNB said.