Category Archives: Building Plans

A total of 91 building plans were approved by the City of Windhoek in December, which is a 51.1% m/m decline from the 186 plans approved in November. In value terms, however, approvals increased by 34.6% m/m to register N$166.4 million worth of approvals in December compared to N$123.6 million in November. A total of 45 buildings with a total value of N$36.4 million were completed during December, representing declines of 82.5% m/m and 84.5% m/m in the number and value of completions, respectively. A total of 2,032 building plans were approved in 2019, 86 fewer than in 2018. However, in value terms approvals increased by 8.3% in 2019, rising to N$1.99 billion from N$1.84 billion in 2018.

Additions to properties once again made up the majority of building plans approved in 2019. Of the 2,032 building plans approved in 2018, additions accounted for 1,630 of those approvals, 35 more than in 2018. In value terms however, approvals of additions for the year declined by N$151.2 million or 16.3% y/y. The value of additions approved has been contracting for the past four years, with the 2019 decline of 16.3% following the 13.5% contraction recorded in 2018. 65 additions were approved in December, 100 fewer than in November and 62.1% lower in value terms at N$32.8 million. During the year, 1,275 additions have been completed to a value of N$689.5 million, a drop of 43.9% y/y in number and 8.1% y/y in value.

New residential units were the second largest contributor to the total number of building plans approved with 355 approvals registered in 2019, 125 less than in 2018. In value terms new residential units approved increased from N$532.2 million in 2018 to N$640.8 million in 2019. On a month-on-month basis, the number of new residential approvals increased by 43.8% to 23 in December, while the value of approvals increased by 338.4% to N$123.0 million. This increase in value is mostly due to a single large residential approval of N$77.0 million in Khomasdal. 29 Residential units valued at N$29.5 million were completed in December, bringing 2019’s total number to 308, up 280.2% y/y, and value to N$409.5 million, up 290.8% y/y.

A total of 47 commercial and industrial units were approved in 2019 compared to the 43 approved in 2018. In value terms, commercial and industrial approvals rose by N$195.3 million or 51.4% for the year in 2019 from the N$380.3 million reported in 2018. On a month-on-month basis, a total of three commercial and industrial projects worth N$10.65 million were approved in December, representing a 40.0% m/m reduction in terms of number, but an increase of 16.4% m/m in terms of value. No commercial and industrial buildings were completed in December, leaving 2019’s number of completed buildings in this category unchanged at 29, an 81.3% y/y increase. In value terms, N$185.5 million worth of commercial and industrial units were completed in 2018, representing an increase of 249.9% y/y.

The number of building plans approved in 2019 declined by 4.1% compared to 2018 and the cumulative number of plans is down 40.3% from its peak in 2013. Although there has been an 8.3% y/y increase in the cumulative value of approvals to N$1.99 billion in 2019, the cumulative value of approvals is still down 23.6% from the peak in 2013 in nominal terms. Building plans approved is a leading indicator of economic activity in the country and the above data implies that the Namibian economy is still showing signs of hardship. The value of plans completed has however recovered more significantly during 2019 as can be seen in the below figure.

A total of 186 building plans were approved by the City of Windhoek in November. This is a 13.1% contraction in the number of plans approved on a monthly basis when compared to the 214 building plans approved in October. The approvals were valued at N$123.6 million, a decrease of N$11.0 million or 8.2% compared to the prior month. The number of completions for the month of November stood at 257, valued at N$235.3 million. The year-to-date value of approved building plans currently stands at N$1.83 billion, 2.9% higher than at the end of November 2018. On a twelve-month cumulative basis 2,032 building plans worth approximately N$1.89 billion have been approved, a decrease of 5.2% y/y in number but an increase of 0.8% in value terms over the prior 12-month period.

The largest portion of building plan approvals was once again made up of additions to properties. 165 additions to properties were approved in November, a 120.0% increase year-on-year but 7.8% decrease over the number of additions approved in October. Year-to-date 1,565 additions to properties have been approved with a cumulative value of N$742.9 million, a decline of 14.7% y/y in terms of value compared to the same period in 2018. Completed additions amounted to 231, valued at N$205.4 million, an increase of 7.4%% m/m in number and 149.6% m/m in value. Year-to-date 1,259 additions have been completed to a value of N$682.7 million, a drop of 43.1% y/y in number and 7.3% y/y in value.

New residential units were the second largest contributor to the number of building plans approved with 16 approvals registered in November, compared to 31 in October. In value terms, N$28.1 million worth of residential units were approved in November, a decreases of 41.3% m/m but an increase of 42.2% y/y. 332 New residential units valued at N$517.9m were approved in the first eleven months of 2019, 29.2% y/y less in number and 1.2% y/y less in value than during the corresponding period in 2018. 25 Residential units valued at N$29.3 million were completed in November bringing the year-to-date number to 279, up 350% y/y, and value to N$380 million, up 270.7% y/y.

Commercial and industrial building plans approved in November amounted to 5 units, worth N$9.2 million. The number of approvals for commercial and industrial properties has been languishing in single digit territory since September 2016 and has an average approval rate of less than 4 approvals per month over the last 12 months. On a year-to-date basis, the number of commercial and industrial approvals increased by 10.0% y/y in November to 44 units, worth approximately N$565.0 million, an increase of 49.0% in value terms over the period ending November 2018. One commercial and industrial building plan was recorded as completed in November, valued at N$600,000.

During the last 12 months, 2,032 building plans have been approved, decreasing by 5.2% y/y. These approvals were worth a combined N$1.89 billion, an increase in value of 0.8% y/y. The last 3 months have seen a steady uptick in the 12-month cumulative value of plans approved in the capital although this measure is still trending downward from a longer term perspective. The value of plans completed has however recovered more significantly as can be seen in the below figure.

A total of 214 building plans were approved by the City of Windhoek in October. This is a 5.9% increase in the number of plans approved on a monthly basis when compared to the 202 building plans approved in September. The approvals were valued at N$134.7 million, a decrease of N$298 million or 68.8% compared to last month. The number of completions for the month of October stood at 244, valued at N$109.9 million. The year-to-date value of approved building plans currently stands at N$1.70 billion, 1.8% lower than at the end of October 2018. On a twelve-month cumulative basis 1,947 building plans worth approximately N$1.81 billion have been approved, a decrease of 14.5% y/y in number and a contraction of 9.8% in value terms over the prior 12-month period.

The largest portion of building plan approvals was once again made up of additions to properties. 179 additions to properties were approved in October, an 11.9% increase over the number of additions approved in September. Year-to-date 1,400 additions to properties have been approved with a cumulative value of N$656.5 million, a decline of 22.8% y/y in terms of value compared to the same period in 2018. Completed additions amounted to 215, valued at N$82.3 million, an increase of 4.4%% y/y in number but a contraction of 3.9% y/y in value. Year-to-date 1,028 additions have been completed to a value of N$477.3 million, a drop of 49.5% y/y in number and 31.7% y/y in value.

New residential units were the second largest contributor to the number of building plans approved with 31 approvals registered in October, compared to 35 in September. In value terms, N$47.8 million worth of residential units were approved in October, increases of 9.6% m/m and 8.4% y/y. 316 New residential units valued at N$489.8m were approved in the first ten months of 2019, 28.8% y/y less in number and 2.9% y/y less in value than during the corresponding period in 2018. 29 Residential units valued at N$27.6 million were completed in October bringing the year-to-date number to 254, up 323.3% y/y, and value to N$350.8 million, up 243.2% y/y.

Commercial and industrial building plans approved in October amounted to 4 units, worth N$9.6 million. The number of approvals for commercial and industrial properties has been languishing in single digit territory since September 2016 and has an average approval rate of less than 4 approvals per month over the last 12 months. On a 12-month cumulative basis, the number of commercial and industrial approvals has decreased by 10.4% y/y in October to 43 units, worth approximately N$557.7 million, an increase of 39.2% in value terms over the prior 12-month period. No commercial and industrial building plans were recorded as completed in October.

During the last 12 months, 1,947 building plans have been approved, decreasing by 14.5% y/y. These approvals were worth a combined N$1.81 billion, a decrease in value of 9.8% y/y. The number of building plans approved, on a cumulative 12-month basis, continued to contract over the last four months. The overall decrease in both number and value of cumulative plans approved is concerning as, even in nominal terms, this indicates a continuing decrease in construction activity in the capital. Low consumer and business confidence means that growth in construction activity will likely remain subdued over the short- to medium-term.