The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Slow contraction recorded in rental prices for May 2019

Contributed by NAMPA.

WINDHOEK, 11 JUL (NAMPA) - Rental prices recorded a slow contraction of three per cent at the end of May 2019 countrywide, the latest FNB Rental Index shows.
The index, which was released on Thursday, shows that the national average rent price now stands at N.dollars 7 387 in May 2019 compared to N.dollars 7 346 the same time last year.
The average deposit charged at the end of May contracted sharply by 22 per cent year-on-year compared to a contraction of 11,8 per cent recorded in March.