{"id":39817,"date":"2023-02-20T17:46:58","date_gmt":"2023-02-20T17:46:58","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni"},"modified":"2023-02-20T17:56:35","modified_gmt":"2023-02-20T17:56:35","slug":"city-housing-prices-concern-uutoni","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni","title":{"rendered":"City housing prices concern Uutoni"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Urban and rural development minister Erastus Uutoni is concerned about housing prices, which he said should not be bitter but must be accommodative and affordable for residents to achieve the basic concept of owning a home. The minister made these remarks last week at the City of Windhoek\u2019s handover of eight houses in Khomasdal.<\/p>\n

The houses were constructed under the Windhoek Municipal Council\u2019s Affordable Housing Pilot Programme. This programme is focusing on constructing houses for low to middle-income residents, and come in reasonable price ranges from N$300 000 to N$650 000, excluding the land.<\/p>\n

According to information shared at the event, a 312 square metre house will cost about N$850 000 while a 1000 square metre can be constructed at about N$1.1 million.<\/p>\n

The pilot project amounted to a total of N$6.8 million, which the minister said is \u201cpublic funds well spent\u201d.<\/p>\n

\u201cHowever, my little concern is a 312 square metre costing N$850 000. To me, it\u2019s a bit high. Because we are now focusing to reach those people who cannot afford houses,\u201d said Uutoni. However, he admitted, \u201cyou can say it is high input that triggered the price\u201d.<\/p>\n

The minister also made reference to the repo rate that was increased last week by the Bank of Namibia with 25 basis points from 6.75% to 7%. Uutoni noted that this increase will make bond instalments even more expensive, adding that it is imperative that houses give some relief and not add fuel to a raging fire.<\/p>\n

\u201cThat monthly instalment that I was paying just shoots up because of these increases. I\u2019m not scaring you, but the future is going to be very tough. Let\u2019s try at least to reduce a little bit on the price so that people will be able to afford it,\u201d said Uutoni.<\/p>\n

According to the FNB Namibia residential property report, by the end of March 2022, the average house in Namibia cost N$1.2 million.<\/p>\n

Meanwhile, the minister advised the City of Windhoek\u2019s council to put their differences aside and sit together to find amicable solutions for the pressing issues in the wider community.<\/p>\n

He assured that government, through his ministry, is on the move and remains committed to the task of delivering affordable housing to as many Namibians as possible.<\/p>\n

At the same occasion, the City of Windhoek\u2019s acting CEO Faniel Maanda said management had to ensure the recently constructed houses do not devalue the particular neighbourhood where they were constructed but in fact complement it.<\/p>\n

He explained the total cost of the house prices includes the cost of the plots, the materials and the labour.<\/p>\n

\u201cSo the city just added a 10% markup to absorb the shocks of price escalation, not our profit. That is what added up to the total price. The city will walk out with no profit here,\u201d said Maanda.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Urban and rural development minister Erastus Uutoni is concerned about housing prices, which he said should not be bitter but must be accommodative and affordable for residents to achieve the basic concept of owning a home. The minister made these remarks last week at the City of Windhoek\u2019s handover of eight houses […]<\/p>\n","protected":false},"author":84,"featured_media":39816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,236,233],"class_list":["post-39817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nCity housing prices concern Uutoni - Namibia<\/title>\n<meta name=\"description\" content=\"Urban and rural development minister Erastus Uutoni is concerned about housing prices, which he said should not be bitte ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"City housing prices concern Uutoni\" \/>\n<meta property=\"og:description\" content=\"Urban and rural development minister Erastus Uutoni is concerned about housing prices, which he said should not be bitte ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-20T17:46:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-20T17:56:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1676902632.29.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"City housing prices concern Uutoni\",\"datePublished\":\"2023-02-20T17:46:58+00:00\",\"dateModified\":\"2023-02-20T17:56:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni\"},\"wordCount\":480,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1676902632.29.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/city-housing-prices-concern-uutoni\",\"name\":\"City housing prices concern Uutoni - 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