A lack of housing remains a pressing issue for many Namibians, with high costs making it impossible for ordinary Namibians to qualify for land or conventional home loans.
The President of the Popular Democratic Movement, McHenry Venaani, says this has placed an even bigger strain on the poor, youth, and unemployed citizens, as there is no system to accommodate them.
Namibia is second to Dubai in skyrocketing house prices, something Venaani questioned considering Namibia’s low population and massive land.
PDM President McHenry Venaani, while speaking at the housing conference, stressed the need for banks to aid the poor and initiate a mortgage financing scheme.
Another concern raised by Venaani is the issue of housing demand and supply, where there seems to be a mismatch, which has also created a housing backlog.
Venaani was quick to point out how the government has failed to deliver housing services with a three hundred thousand housing backlog.
The Ministry of Urban and Rural Development, he says, has failed to meet the target of just five thousand homes annually.
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