Housing Finance in Namibia

Overview

This profile is also available in French here.

To download a pdf version of the full 2021 Namibia country profile, click here.

 The key affordable housing issues in Namibia are high urbanisation rates, the lack of access to affordable housing and finance, the lack of serviced land, the poor production of housing stock, and the increasing number of informal settlements across the country. There are 285 informal settlements in towns across Namibia, meaning 40% of its urban inhabitants or 216 000 urban households are informally settled. Despite high levels of urban informality, most households have access to clean water and sanitation (63% of the urban population have access to sanitation and 99.4% have access to clean water).

The subdued growth of the economy was responded to with the relaxation of credit interest that was then eroded by increased inflation caused by COVID-19. The economy is expected to grow by 2.7% in 2021, indicating that housing prices and rental rates will remain depressed for some time due to reduced business and household demand. Suppressed demand influenced the retention of the repo rate at 3.75% for the second year in a row as the financial sector studiously monitors the debt-to-income ratio to protect national liquidity. Key affordable housing developments occurring in the country’s urban areas are the Ongos Housing Development in northern Windhoek, the Development Workshop (DW), and the Shack Dweller Federation (SDFN) land acquisition and development activities in towns across the country. Such developments are critical as four of every 10 urban Namibians live in an informal settlement.

Find out more information on the housing finance sector of Namibia, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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