Executive summary
- In October 2023, the City of Windhoek approved a total of 197 building plans, valued at a combined N$303,496,000 (as illustrated in Figure 1).
- These approvals included 152 addition plans, 22 house plans, 17 wall plans, 5 commercial plans, and 1 pool plan.
- Compared to September 2023 (as depicted in Figure 2), the total number of approved building plans experienced an increase of 12.6%.
- During the review month, 56 buildings were completed in Windhoek, with a total value of N$43,514,283.
- The overall number of completed buildings exhibited an increase of 14.3% compared to those completed in September 2023.
Analysis
- The annual sum of approved building plans for Windhoek continues to undergo a significant decline, recording 29.6%.
- The highest concentration of approved building plans for the month was observed within the Windhoek suburbs, totaling 50 plans. This compilation comprised 42 addition plans, 4 house plans, 3 wall plans, and 1 pool plan culminating in a cumulative value of N$ 26,198,500.
- Khomasdal emerged as the second-highest locality in terms of approved building plans, boasting a total of 17 plans valued at N$ 2,679,000.
- Pionierspark and Otjomuise secured the third-highest position, both boasting a total of 13 plans. Pionierspark’s plans were valued at N$ 6,187,000, while Otjomuise’s plans held a value of N$ 3,346,000.
Outlook
- Windhoek’s construction sector is positioned for consistent and gradual growth, even in the face of recent fluctuations in approved building plans and completed constructions. This transitional period offers a window for implementing adaptive strategies to ensure resilience and flexibility in the city’s developmental landscape. We predict that the construction sector will experience a decline in November 2023, followed by a further decrease in December as construction activities wind down during the festive season.
Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (October 2022 – October 2023)
Source: CoW & HEI RESEARCH
Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (October 2022 – October 2023)
Source: CoW & HEI RESEARCH