Property and Real Estate Prices

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Last updated: September, 06, 2015

FNB Namibia House Price Index

Namibia, Windhoek

Namibia. The First National Bank (FNB) of Namibia publishes an annual house price index. The data cover years between 2009 and 2014.

% change over a year earlier

Source: First National Bank

Adjusting for inflation

Most agents overstate the upward movement in house prices. That's because their house price figures are nominal, i.e., not adjusted for inflation. If house prices have risen by 5% during the past year, but inflation has been 5%, the real increase in the value of the house has been zero.

That's why our second graph shows house price changes both nominal and real.

Nominal house price changes = the figures published by most official statistical sources.

Real house price changes = house price changes after adjusting for inflation.
House price statistics elsewhere

We generally use Central Bank or National Statistical Institute data. But occasionally, we use data generated by realtors (Colliers for the Philippines) or other data - Japan generates no dwelling price statistics, so we use land prices as a proxy for dwellings prices.