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The determinants of house prices in Namibia and their implications on housing affordabilityNandago, H. N. 04 1900 (has links)
Thesis (MDF)--Stellenbosch University, 2015. / ENGLISH ABSTRACT: This study attempts to establish the determinants of house prices in Namibia and their implications foraffordability of houses. The study made use of the ARDL time series model. The study established that the seven variables in the study are cointegrated. The cointegration results enabled the specification and estimation of the ARDL Error Correction Model. The results established that gross domestic product and interest rates are important in explaining the variations in house prices in the short run. Ironically, money supply and inflation, which are closely linked, were found not to affect house prices in the short run. In addition, national domestic credit, which was used as a proxy for total mortgages advanced in the country,wasnot a significant explanation of house prices in the short run. The study also established that the independent variables included in the ARDL Error Correction Model collectively influence house prices in Namibia in the long run. The implication of this is that policies that are meant to influence house prices in the long term can actually target any one or a combination of the variables included in the study. The main recommendation emanating from the study is that the government should redouble its efforts to provide affordable land and housing to the lower and/or middle income households in Namibia.
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Rural-urban migration and its relation to housing crisis in southern Africa : a case study of Namibia.Shikongo, Samuel. January 2014 (has links)
M. Tech. Economics and Finance / The main aim with the current study was to explore the complexity and mobility of rural-urban migration, as well as its relation to the housing crisis and many other rural-urban socio-economic implications in Namibia. The features of rural-urban migration were analysed, alongside the migration processes and socio-economic complications. The rationale with the present study was to identify the factors responsible for the rural-urban migration in Namibia and to investigate migration mobility patterns. In addition, policy implications were explored with the aim of formulating a possible new migration policy, as well as to offer recommendations to protect urban migrants' socio-economic status. Furthermore, the current rural-urban migration patterns and imbalances in housing - which has led to the illegal erection of informal settlements around towns and cities - were uncovered.
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