{"id":26540,"date":"2020-12-18T14:53:42","date_gmt":"2020-12-18T12:53:42","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=26540"},"modified":"2020-12-18T14:53:43","modified_gmt":"2020-12-18T12:53:43","slug":"building-plans-november-2020","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-november-2020\/","title":{"rendered":"Building Plans \u2013 November 2020"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The City of\nWindhoek approved a total of 271 building plans worth N$237.2 million in\nNovember, 35 fewer than in October. In value terms, approvals fell by N$90.5\nmillion to N$237.2 million in November from N$327.7 million worth of approvals\nin October. A total of 61 building plans worth N$40.4 million were completed\nduring the month, a decline of 76.3% y\/y in number and 82.8% y\/y in value of\ncompletions. Year-to-date, N$1.78 billion worth of building plans have been\napproved, 2.7% lower than the corresponding period in 2019. On a twelve-month\ncumulative basis, 2,258 building plans have been approved worth approximately\nN$1.94 billion, 2.8% higher in value terms than approvals at the end of\nNovember 2019.<\/p>\n\n\n\n

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

The largest portion of building plan\napprovals in November was made up of additions to properties. 165 additions to\nproperties were approved with a value of N$95.1 million, 11.3% lower in number,\nbut 42.4% more in value terms than in October. Year-to-date 1,517 additions to\nproperties have been approved with a total value of N$673.5 million, a 3.1% y\/y\ndecline in number and 9.3% y\/y decrease in value. 10 additions worth N$5.5\nmillion were completed during the month. Year-to-date 866 additions have been\ncompleted with a combined value of N$444.8 million, down 31.2% y\/y in number\nand 34.8% y\/y in value terms.<\/p>\n\n\n\n

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

New residential\nunits accounted for 104 of the total 271 approvals registered in November, an 9.6%\nm\/m decrease compared to the 115 residential units approved in October. In\nvalue terms, N$132.0 million worth of residential units were approved during\nthe month, 45.6% less than the N$242.9 million worth of residential approvals\nin October. Year-to-date 610 residential units have been approved worth N$798.2\nmillion, 278 units more than in the corresponding period in 2019 and up N$280.4\nmillion in value terms. 51 Residential units valued at N$34.9 million were\ncompleted in November, bringing the year-to-date number to 690, up 147.3% y\/y.\nIn monetary terms, this is an increase of 170.4% y\/y.<\/p>\n\n\n\n

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

Only 2 new commercial units, valued at\nN$10.0 million, were approved in November, bringing the year-to-date number of\napprovals to 40, worth a total of N$305.0 million. On a rolling 12-month\nperspective, the number of commercial and industrial approvals have slowed to 43\nunits worth N$315.6 million as at November, compared to the 47 approved units\nworth N$566.1 million over the corresponding period a year ago. No commercial\nand industrial units were completed in November.<\/p>\n\n\n\n

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

On a rolling\n12-month basis, the number of building plan approvals have been ticking up\nsteadily since June, although the growth has been from a relatively low base.\nIn monetary terms, these approvals are up only 2.8% y\/y. Additions to\nproperties have made up 70.0% of the year-to-date total number of approvals,\nbut only 37.9% of the total value of approvals, indicating that the planned\nconstruction activity will mostly consist of smaller building projects. The\ncumulative value of plans approved is still trending downward from a\nlonger-term perspective, as the graph above indicates. <\/p>\n\n\n\n

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

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

The City of Windhoek approved a total of 271 building plans worth N$237.2 million in November, 35 fewer than in October. In value terms, approvals fell by N$90.5 million to N$237.2 million in November from N$327.7 million worth of approvals in October. A total of 61 building plans worth N$40.4 \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-26540","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\/26540","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=26540"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/26540\/revisions"}],"predecessor-version":[{"id":26547,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/26540\/revisions\/26547"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=26540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=26540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=26540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}