Executive summary
- The City of Windhoek approved a total of 176 building plans valued at N$ 97,971,355 in May 2023. See figure 1
- Out of 176 building plans approved, 128 were additions plans, 30 were house plans, 12 were wall plans, 5 were commercial plans, and 1 pool plan
- The number of approved building plans increased by 22% when compared to those approved in April 2023. See Figure 2
- During the month under review, a total number of 37 buildings were completed for Windhoek at the value of N$ 82,895,186
- Total buildings completed declined by 31% when compared to the buildings completed in April 2023
Analysis
- On an annual basis, the number of building plans approved for Windhoek increased by 15%. This could be ascribed to slower construction works
- For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 33 plans (19 addition plans, 8 house plans, 4 commercial plans, and 2 wall plans) valued at N$ 25,695,525
- Khomasdal had the second-highest number of building plans approved with a total of 23 plans valued at N$ 7,107,000
- Klein Windhoek had the third-highest number of building plans approved with a total of 14 plans valued at N$ 6,750,000
Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (May 2022 – May 2023)
Source: CoW & HEI RESEARCH
Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (May 2022 – May 2023)
Source: CoW & HEI RESEARCH
Outlook
We anticipate construction activities to maintain modest growth in the short to medium.