By: Justicia Shipena
FNB Namibia has projected a relatively stable rental market, citing the moderation of inflation and the sustained peak of the repo rate at 7.75%, with a gradual cutting cycle expected to extend through 2026.
The bank’s rent price index reveals that the gross rental return on residential properties for the third quarter of 2023 stood at 7.0% on a 12-month rolling basis.
This figure remains unchanged from both the second quarter and the same period in the previous year.
“Moving forward, we expect the rental market to remain fairly stable as inflation starts to moderate and the repo rate remains at its peak of 7.75% with a shallow cutting cycle through to 2026,” stated FNB.
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