{"id":25038,"date":"2020-07-16T14:26:05","date_gmt":"2020-07-16T12:26:05","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=25038"},"modified":"2020-07-16T14:26:07","modified_gmt":"2020-07-16T12:26:07","slug":"building-plans-march-2020","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-march-2020\/","title":{"rendered":"Building Plans \u2013 March 2020"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

A total of 169\nbuilding plans were approved by the City of Windhoek in March, representing a\n17.6% m\/m decrease from the 205 building plans approved in February. In\nmonetary terms, the approvals were valued at N$142.5 million, a decrease of N$82.4\nmillion compared to last month. The number of completions for the month of\nMarch stood at 275, valued at N$218.4 million. The year-to-date value of\napproved building plans reached N$556.7 million, 3.1% lower than in the first\nquarter of 2019. On a twelve-month cumulative basis, 2,035 building plans have\nbeen approved as at the end of March, a decrease of 7.2% y\/y. The 12-month\ncumulative value of plans approved reached approximately N$1.97 billion, a\ndecrease of 0.5% y\/y.<\/p>\n\n\n\n

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

Additions to properties made up 154 of\nthe total 169 approved building plans recorded in March. This is a 6.1% m\/m\ndecrease in additions from the 164 additions recorded in February. In the first\nquarter of the year 416 additions to properties have been approved with a value\nof N$172.9 million, a 28.2% y\/y drop in terms of value. 241 additions worth N$190.0\nmillion were completed during the month.<\/p>\n\n\n\n

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

Only 10 new\nresidential units were approved in March, 18 units fewer than in February and the\nlowest number of approvals in a single month since December 2015. In value\nterms, N$10.5 million worth of residential units were approved in March, 90.3%\nless than the N$108.6 million worth of residential approvals in February. 55\nNew residential units have been approved in the first quarter of 2020, 38.2%\nless than during the corresponding period in 2019. The year-to-date value of\nresidential approvals reached N$136.9 million, 43.3% lower than during the\nfirst quarter of 2019. 33 new residential units worth N$22.9 million were\ncompleted during the month.<\/p>\n\n\n\n

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

Commercial and industrial building\nplans approved in March amounted to 5 units, worth N$89.1 million. This is 8\nunits fewer than approved in the prior month, but an increase of 306.2% m\/m and\n1,355.1% y\/y in value terms, although this is from a low base. Year-to-date, 24\nplans for commercial and industrial purposes have been approved, valued at N$247.0\nmillion. On a rolling 12-month perspective the number of commercial and\nindustrial approvals have increased to 63 units as at March, compared to the 38\napproved over the corresponding period a year ago. One commercial and\nindustrial unit worth N$5.5 million was completed in March.<\/p>\n\n\n\n

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

Building plan\napprovals for Q1 of 2020 remained more or less in line with Q1 2019 with three\nmore approvals in Q1 2020 compared to 2019, but a decrease of 3.1% y\/y in terms\nof value at N$556.7 million. This data precedes the lockdown restrictions\nimposed by government.<\/p>\n\n\n\n

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

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

A total of 169 building plans were approved by the City of Windhoek in March, representing a 17.6% m\/m decrease from the 205 building plans approved in February. In monetary terms, the approvals were valued at N$142.5 million, a decrease of N$82.4 million compared to last month. The number 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-25038","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\/25038","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=25038"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/25038\/revisions"}],"predecessor-version":[{"id":25052,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/25038\/revisions\/25052"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=25038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=25038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=25038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}