{"id":23047,"date":"2019-12-19T15:46:23","date_gmt":"2019-12-19T13:46:23","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=23047"},"modified":"2019-12-19T15:46:25","modified_gmt":"2019-12-19T13:46:25","slug":"building-plans-november-2019","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-november-2019\/","title":{"rendered":"Building Plans \u2013 November 2019"},"content":{"rendered":"\n
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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.<\/p>\n\n\n\n

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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.<\/p>\n\n\n\n

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

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

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

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<\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,6],"tags":[],"class_list":["post-23047","post","type-post","status-publish","format-standard","hentry","category-buildingplans","category-economicresearch"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/23047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=23047"}],"version-history":[{"count":2,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/23047\/revisions"}],"predecessor-version":[{"id":23055,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/23047\/revisions\/23055"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=23047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=23047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=23047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}