Property Prices in Namibia

Index Info
Price to Income Ratio: 4.06
Mortgage as Percentage of Income: 49.91%
Loan Affordability Index: 2.00
Price to Rent Ratio - City Centre: 7.49
Price to Rent Ratio - Outside of Centre: 8.11
Gross Rental Yield (City Centre): 13.34%
Gross Rental Yield (Outside of Centre): 12.32%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,269.23 N$ 4,500.00-9,000.00
Apartment (1 bedroom) Outside of Centre 5,000.00 N$ 3,500.00-7,484.08
Apartment (3 bedrooms) in City Centre 13,522.61 N$ 9,500.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 9,900.00 N$ 7,000.00-15,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,037.41 N$ 789.67-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 859.35 N$ 557.41-1,207.73
Salaries And Financing
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Average Monthly Net Salary (After Tax) 12,583.33 N$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.90 9.00-15.00

These data are based on 98 entries in the past 18 months from 18 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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