moladi-Industrialised-Construction-System-Namibia
moladi-Industrialised-Construction-System-Namibia The latest available figures I could find indicate that Namibia’s housing backlog is now more than 300,000 units . A June 2026 parliamentary document refers to a backlog of more than 300,000 homes. What about the monthly payment? Here is the important distinction: Average national house price: approximately N$1.44 million in Q1 2026 . Windhoek: housing affordability is even more problematic. The figure you mentioned earlier — N$17,491 per month — is the average Windhoek mortgage instalment compared with an average monthly income of approximately N$13,560 . This means the mortgage instalment is approximately 129% of average monthly income — effectively more than the entire income. Even more concerning: FNB/Bank of Namibia data indicate that approximately 75% of Namibia’s workers earn less than N$5,000 per month , and the Bank of Namibia has indicated that approximately 70% of the population cannot afford housing because of i...