{"id":23546,"date":"2020-02-14T15:53:16","date_gmt":"2020-02-14T13:53:16","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=23546"},"modified":"2020-02-14T15:53:18","modified_gmt":"2020-02-14T13:53:18","slug":"building-plans-january-2020","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-january-2020\/","title":{"rendered":"Building Plans \u2013 January 2020"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

A total of 121\nbuilding plans were approved by the City of Windhoek in January, representing a\n33.0% m\/m increase from the 91 building plans approved in December. In monetary\nterms, the approvals were valued at N$189.4 million, an increase of N$23.0\nmillion compared to last month. Buildings with a value of N$16.4 million were\ncompleted during January. January 2020 is off to a slower start in terms of both\nnumber and value of approvals, compared to January 2019 when 162 building plans\nworth N$272.7 million got the nod. On a twelve-month cumulative basis, 1,991\nbuilding plans worth approximately N$1.90 billion were approved, a decline in\nnumber of 6.4% y\/y, but an increase of 3.6% in value terms over the prior\n12-month period.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In terms of number of approvals,\nadditions to properties made up the largest portion of approvals. For the month\nof January, 98 additions to properties were approved with a value of N$35.7\nmillion, 33 fewer than the number of additions approved in January 2019. The\nvalue of the additions approved in January is however only N$864,000 less than\nthose observed in the first month of 2019. 14 additions worth N$3.6 million\nwere completed during the month. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

New residential\nunits were the second largest contributor to the total number of building plans\napproved in January. 17 new units worth N$17.8 million were approved in\nJanuary, representing an 89.4% decrease from the N$167.9 million worth of\napprovals in the first month of 2019. On a 12-month cumulative basis,\nresidential units recorded a 30.3% y\/y decrease in number of approvals and a 27.3%\ny\/y decrease in value. 19 new\nresidential units worth N$12.8 million were completed during the month. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Commercial and industrial building\nplans approved in January amounted to 6 units, worth N$136.0 million. This\ncompares to 2 units valued at N$70.0 million approved in January 2019. On\naverage over the last 20 years, 4 commercial units valued at N$26.2 million\nwere approved in the first month of the year. It is interesting to note that\nthree of January 2020\u2019s approvals, worth N$85.3 million, are part of a large\nbuilding project planned in the Otjomuise vicinity. No commercial and\nindustrial units were completed in January.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The 12-month\ncumulative number of building plans approved decreased by 6.4% y\/y in January.\nA total of 1,991 building plans to the value of N$1.91 billion were approved\nover the last 12 months which represents an increase in value terms of 3.6%\ny\/y. The majority of these approvals are additions to properties which are\ntypically of low relative value. While growth in commercial and industrial\nconstruction activity has picked up slightly, it is from a low base, and construction\nactivity in the commercial and industrial space remains very subdued. The low\nnumber of approvals is an indication that the construction sector is likely to\nremain under pressure during the rest of the year.<\/p>\n\n\n\n

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

A total of 121 building plans were approved by the City of Windhoek in January, representing a 33.0% m\/m increase from the 91 building plans approved in December. In monetary terms, the approvals were valued at N$189.4 million, an increase of N$23.0 million compared to last month. Buildings with a \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-23546","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\/23546","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=23546"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/23546\/revisions"}],"predecessor-version":[{"id":23553,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/23546\/revisions\/23553"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=23546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=23546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=23546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}