Namibia: High Property Prices a Risk to Economy - BoN

Namibia: High Property Prices a Risk to Economy - BoN.
THE central bank has raised concern over the surge in Namibian house prices, saying the effects of the high property prices will lead to higher inflation. According to the First National Bank housing price index, the value of residential properties in Windhoek went up by 13,25 per cent and 18,72 per cent in 2005 and 2006 respectively. .