FNB Namibia has warned that households could be forced to downscale their lifestyles by seeking out cheaper accommodation options as economic pressures continue to bite, impacting the recovery of the country’s rental market. Cirrus Capital economist Robert McGregor says wage adjustments could be a solution. The FNB rental index retreated into negative territory during the period under review, posting a contraction of 1.7% at the end of June 2022.
