{"id":28559,"date":"2021-07-06T13:56:33","date_gmt":"2021-07-06T11:56:33","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=28559"},"modified":"2021-07-06T13:56:34","modified_gmt":"2021-07-06T11:56:34","slug":"building-plans-may-2021","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-may-2021\/","title":{"rendered":"Building Plans \u2013 May 2021"},"content":{"rendered":"\n
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The City of\nWindhoek approved a total of 187 building plans in May, representing a 25.2%\nm\/m decrease from the 250 building plans approved in April. In monetary terms,\nthe approvals were valued at N$173.0 million, a 26.1% m\/m decrease. 183\nbuildings with a value of N$67.13 million were completed during May, a 27.9%\nm\/m decrease in value terms. Year-to-date building approvals are 66.3% and 24.8%\nhigher in number and value terms, respectively, than during the same period in\n2020. This increase is however mostly due to stagnant construction activity during\nthe lockdown last year. Year-to-date, the number of completed buildings\nincreased by 23.3% y\/y to 678, while the value of these completions fell marginally\nby 3.6% y\/y from N$380.0 million in 2020 to N$366.5 million in 2021. On a\ntwelve-month cumulative basis, 2,684 buildings with the value of N$2.01 billion\nwere approved, an increase of 47.7% y\/y in number, and 10.7% y\/y in value. <\/p>\n\n\n\n

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

In May, 105 additions to properties\nwere approved with a value of N$55.4 million,<\/ins>\nwhile 125 additions worth N$28.1 million were completed during the month, as\nthe category continues as the main contributor to the total approvals and\ncompletions. Additions to properties approved fell 36.7% m\/m in number and\n40.4% m\/m in value terms.<\/p>\n\n\n\n

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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNew\nresidential units were the second largest contributor to the total number of\nbuilding plans approved in May, and the largest contributor in value terms. 78\nnew units worth N$92.6 million were approved in May, representing a 28.5% m\/m decrease\nfrom the N$129.5 million worth of approvals in April. On a 12-month cumulative\nbasis, residential units approvals recorded a 125.3% y\/y increase in value. 58 new\nresidential units worth N$39.0 million were completed during the month,\nrepresenting an increase in value of 17.7% m\/m,<\/ins> but\na decrease of 21.6% y\/y. \n\n\n\n<\/p>\n\n\n\n

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

Four new commercial units, valued at\nN$25.0 million, were approved in May, translating to a 115.3% m\/m increase in\nvalue terms. Year-to-date, there have been sixteen commercial building\napprovals valued at N$51.1 million, which is 33.3% lower in number terms and a 79.3%\ndecrease in value terms compared to the same period last year. On a rolling\n12-month perspective, the number of commercial and industrial approvals have\nslowed to 33 units worth N$135.3 million as at May, compared to the 56 approved\nunits worth N$652.9 million over the corresponding period a year ago. No\ncommercial and industrial units were completed in May.<\/p>\n\n\n\n

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

The 12-month cumulative number of building plans approved increased\nby 47.7% y\/y in May. A total of 2,684 building plans to the value of N$2.01\nbillion were approved over the last 12 months, representing an increase in\nvalue of 10.7% y\/y. Additions to properties have made up 64.0% of the\ncumulative number of approvals, but only 38.4% of the total value of approvals.\nCompleted building plans increased 17.0% y\/y in value terms to N$1.52billion on\na 12-month cumulative basis in May. The commercial sector has contributed a\nlacklustre 1% in terms of number of approvals and 6% in terms of value in 2021.\nThis reflects the prolonged hardships experienced amongst corporates, which is\nunlikely to recover in the short-term, as the heightened infection levels of\nCovid-19 have resulted in a <\/del>new economically restrictive\nlockdown measures. <\/a><\/p>\n\n\n\n

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

The City of Windhoek approved a total of 187 building plans in May, representing a 25.2% m\/m decrease from the 250 building plans approved in April. In monetary terms, the approvals were valued at N$173.0 million, a 26.1% m\/m decrease. 183 buildings with a value of N$67.13 million were completed \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-28559","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\/28559","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=28559"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28559\/revisions"}],"predecessor-version":[{"id":28566,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28559\/revisions\/28566"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=28559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=28559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=28559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}