Executive summary
- In November 2023, the City of Windhoek approved a total of 150 building plans, valued at a combined N$ 79,954,026 (as illustrated in Figure 1)
- These approvals included 118 addition plans, 20 house plans, 9 wall plans, and 3 commercial plans
- Compared to October 2023 (as depicted in Figure 2), the total number of approved building plans experienced a decrease of 23.9%
- During the review month, 38 buildings were completed in Windhoek, with a total value of N$ 58,039,812
- The overall number of completed buildings exhibited a decrease of 32% compared to those completed in October 2023
Analysis
- The annual sum of approved building plans for Windhoek continues to undergo a decline, measuring 26.4%
- The highest concentration of approved building plans for the month was observed within the Windhoek suburbs, totaling 30 plans. This compilation comprised 22 addition plans, 5 house plans, 1 wall plan, and 2 commercial plans with a cumulative value of N$ 20,175,500
Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (November 2022 – November 2023)
Source: CoW & HEI RESEARCH
Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (November 2022 – November 2023)
Source: CoW & HEI RESEARCH
Outlook
The overall number of approved building plans witnessed a 23.9% decrease from October to November 2023 and a 26.4% decline in the annual sum. The completion rate also exhibited a decrease of 32% compared to the previous month, indicating a potential slowdown in construction activities.