Executive summary
- The City of Windhoek approved a total of 249 building plans valued at N$ 399, 510, 320 in June 2022. See figure 1
- Out of 249 building plans approved, 153 were additions plans, 69 were house plans, 20 wall plans, 5 commercial plans, and 2 pool plans
- The number of building plans approved increased by 62% in relation to the previous month. See Figure 2
- A total of 1256 building plans were received during the first half of 2022
- During the month under review, a total number of 74 buildings were completed for Windhoek at the value of N$ 43, 881, 404
- Total buildings completed increased by 64% when compared to the buildings completed in May 2022.
- Total buildings completed for Windhoek were driven by houses followed by additions
Analysis
- On an annual basis, the number of building plans approved for Windhoek increased by 95%
- Total building plans approved were mainly driven by additions and house plans between June 2021 and June 2022
- For the month under review, the City of Windhoek indicated that the highest number of building plans approved were from Windhoek suburbs with a total of 44 plans (30 addition plans, 8 house plans,4 wall plans, and 2 commercial plans), valued at N$ 319, 649, 906
- Katutura suburb and Okuryangava had the second highest number of building plans approved with a total of 23 plans each at a cumulative value of N$ 14, 209, 778
Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (June 2021-June 2022)
Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (June 2021-June 2022)
Outlook
The nominal value of the building plans approved during June 2022 increased substantially to N$ 399 million compared to N$ 118 million recorded in May 2022. The performance of Namibia’s construction sector shows signs of improvement this is an indication of an uptick in construction activities amid elevated prices (building materials costs). The improvement can be attributed to the continuous NHE Informal Settlement Upgrading Affordable Housing Pilot Project. We project for further improvements in the construction environment for Windhoek in the short to medium term.