Namibia: Rental Index Remains Resilient

The domestic rental market has defied the weak consumer environment, remaining resilient during the first three quarters of 2023. This is as economic analysts expect inflation to moderate over the course of the next two years and generally, interest rates are anticipated to have peaked in 2023, with the cutting cycle to begin in the latter part of 2024.

Furthermore, analysts expect the rental market to remain stable as these dynamics play out, with the decision by individuals to delay the…