Executive summary
- In July 2023, the City of Windhoek approved a grand total of 209 building plans, with a combined valuation of N$ 130,580,707 (as illustrated in Figure 1)
- Among these approvals, there were 144 addition plans, 46 house plans, 15 wall plans, and 4 commercial plans
- Compared to the preceding month of June 2023 (as depicted in Figure 2), the count of approved building plans experienced a notable upturn of 3.5%. This signifies a positive trend in construction activity within the city.
- During the month under review, a noteworthy total of 48 buildings were successfully completed in Windhoek, with an aggregated value of N$ 51,335,624. This completion encompassed a range of construction types
- It’s important to note, however, that the overall number of completed buildings did exhibit a slight decline of 2% when contrasted with those completed in June 2023. This minor reduction suggests a nuanced fluctuation in construction completion rates within the city
Analysis
- On an annual basis building plans approved for Windhoek experienced a notable decline of 33%. This reduction may likely be attributed to a decrease in significant construction projects within the economy
- For the month under review, the highest concentration of approved building plans was observed within the Windhoek suburbs, totaling 42 plans. This compilation comprised 29 addition plans, 7 house plans, 2 commercial plans, and 4 wall plans, with a cumulative value of N$ 42,528,711
- Katutura emerged as the second-highest locality in terms of approved building plans, boasting a total of 21 plans valued at N$ 7,231,700
- Additionally, Klein Windhoek secured the third-highest position with 18 approved building plans, collectively valued at N$ 10,610,000. This data underscores the distribution of approved building plans across different areas within Windhoek
Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (July 2022 – July 2023)
Source: CoW & HEI RESEARCH
Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (July 2022 – July 2023)
Source: CoW & HEI RESEARCH
Outlook
We anticipate that construction activities will continue to experience modest growth in the short to medium term.