The FNB House Price Index recorded a 12-month average growth of 0.7% year on year as at September 2020. This is the first time in nearly three years that the index marks a growth territory, which brings the national weighted average house price to N$1 233 106 as at September 2020. The increase in house prices has been partly fuelled by the completion of new developments in the central area. Frans Uusiku, FNB Market Researcher said to Future Media News, the persistently strong demand for residential land in smaller towns might have also contributed to the sudden rebound in house prices.