Category: Construction

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.

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

Executive summary

• In September 2023, the City of Windhoek approved a total of 175 building plans, amounting to a combined valuation of N$ 400,710,888 (as illustrated in Figure 1).
• These approvals encompassed 118 addition plans, 35 house plans, 15 wall plans, and 7 commercial plans.
• Compared to August 2023 (as depicted in Figure 2), the total number of approved building plans experienced a decrease of 13.8%.
• During the review month, 49 buildings were completed in Windhoek, with a total value of N$ 75,685,748.
• The overall number of completed buildings exhibited a decrease of 34.6% compared to those completed in August 2023.

Analysis

• The annual sum of approved building plans for Windhoek continues to undergo a significant decline, measuring at 33.7%.
• The highest concentration of approved building plans for the month was observed within the Windhoek suburbs, totaling 46 plans. This compilation comprised 24 addition plans, 16 house plans, 3 commercial plans, and 3 wall plans, culminating in a cumulative value of N$ 328,451,970.
• Khomasdal and Katutura emerged as the second-highest localities in terms of approved building plans, both boasting a total of 17 plans. Khomasdal’s plans were valued at N$ 8,377,500, while Katutura’s plans held a value of N$ 7,121,000.

Outlook

• adjustments, ensuring a resilient and adaptable landscape for future development.

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (September 2022 – September 2023)

Source: CoW & HEI RESEARCH

Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (September 2022 - September 2023)

Source: CoW & HEI RESEARCH

Executive summary

• In August 2023, the City of Windhoek approved a total of 203 building plans, with a combined valuation of N$ 68,651,804 (as illustrated in Figure 1).
• Among these approvals, there were 151 addition plans, 26 house plans, 20 wall plans, 4 commercial plans, and 2 pool plans.
• Compared to July 2023 (as depicted in Figure 2), the total number of approved building plans experienced a significant downturn of 2.9%. This indicates a negative trend in construction activity within the city.
• During the review month, 75 buildings were completed in Windhoek, with an aggregated value of N$ 120,481,328.
• The overall number of completed buildings exhibited a remarkable improvement of 56% when contrasted with those completed in July 2023.

Analysis

• The annual sum of approved building plans for Windhoek experienced a notable decline of 16.8%. This reduction may likely be attributed to a continued decrease in significant construction projects within the economy.
• The highest concentration of approved building plans for the month was observed within the Windhoek suburbs, totaling 46 plans. This compilation comprised 36 addition plans, 5 house plans, 1 commercial plan, 3 wall plans, and 1 pool plan with a cumulative value of N$ 20,612,750.
• Khomasdal emerged as the second-highest locality in terms of approved building plans, boasting a total of 26 plans valued at N$ 9,076,000.
• Additionally, Klein Windhoek secured the third-highest position with 18 approved building plans, collectively valued at N$ 6,394,821.

Outlook

• We anticipate that construction activities in Windhoek will maintain steady growth in the short to medium term. Despite recent fluctuations, a consistent upward trajectory is anticipated. Continued focus on urban development and ongoing projects suggests a resilient construction sector in the coming months.

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (August 2022 – August 2023)

Source: CoW & HEI RESEARCH

Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (August 2022 - August 2023)

Source: CoW & HEI RESEARCH

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.

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.

Executive summary

• The City of Windhoek approved a total of 202 building plans valued at N$ 100,756,635 in June 2023. See figure 1
• Out of 202 building plans approved, 142 were additions plans, 42 were house plans, 11 were wall plans, 6 were commercial plans, and 1 pool plan
• The number of approved building plans increased by 14% when compared to those approved in May 2023. See Figure 2
• During the month under review, a total number of 49 buildings were completed for Windhoek at the value of N$ 22,365,684
• Total buildings completed increased by 32% when compared to the buildings completed in May 2023

Analysis

• On an annual basis, the number of building plans approved for Windhoek declined by 19%. This could have stemmed from the drop in major construction projects in the economy
• For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 37 plans (22 addition plans, 12 house plans, 1 commercial plan, 1 wall plan, and 1 pool plan) valued at N$ 25,034,729
• Khomasdal had the second-highest number of building plans approved with a total of 27 plans valued at N$ 12,212,500
• Klein Windhoek had the third-highest number of building plans approved with a total of 14 plans valued at N$ 10,406,000

Outlook

• We anticipate construction activities to improve from its declining trajectory in the short to medium term. The improvement is anticipated to result from the recovery in SACU revenue and the renewed emphasis on prioritizing capital and infrastructure spending for the financial year 2023/24.

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (June 2022 – June 2023)

Source: CoW & HEI RESEARCH

 Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (June 2022 - June 2023)

Source: CoW & HEI RESEARCH

Executive summary

• The City of Windhoek approved a total of 144 building plans valued at N$ 140,436,252 in April 2023. See figure 1
• Out of 144 building plans approved, 93 were additions plans, 29 were house plans, 12 were wall plans, 9 were commercial plans, and 1 pool plan
• The number of approved building plans declined by 26% when compared to those approved in March 2023. See figure 2
• During the month under review, a total number of 54 buildings were completed for Windhoek at the value of N$ 65,615,744
• Total buildings completed declined by 31% when compared to the buildings completed in March 2023

Analysis

• On an annual basis, the number of building plans approved for Windhoek declined by 23%. This could be attributed to a decline in construction spending as a result of high inflation and interest rates
• For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 41 plans (26 addition plans, 6 house plans, 5 commercial plans, 3 wall plans, and 1 pool plan) valued at N$ 33,888,000
• Otjomuise and Katutura had the second-highest number of building plans approved with a total of 12 plans valued at N$ 14,130,003 and N$ 5,024,312, respectively

Outlook

We expect construction activity to maintain modest growth in the short to medium term, owing to rising interest rates, which raises the cost of borrowing for new construction projects.

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (April 2022 - April 2023)

Source: CoW & HEI RESEARCH

Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (April 2022 - April 2023)

Source: CoW & HEI RESEARCH

Executive summary

• The City of Windhoek approved a total of 195 building plans valued at N$ 103,818,571 in March 2023. See figure 1
• Out of 177 building plans approved, 136 were additions plans, 46 were house plans, 11 were wall plans, and 2 were commercial plans
• The number of approved building plans increased by 10% when compared to those approved in February 2023. See Figure 2
• During the month under review, a total number of 78 buildings were completed for Windhoek at the value of N$ 41,986,838
• Total buildings completed increased by 47% when compared to the buildings completed in February 2023

Analysis

• On an annual basis, the number of building plans approved for Windhoek declined by 21%. This could be attributed to a decline in construction spending
• For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 38 plans (27 addition plans, 10 house plans, and 1 commercial plan) valued at N$ 22,374,000
• Klein Windhoek had the second-highest number of building plans approved with a total of 18 plans valued at N$ 10,319,200

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (March 2022- March 2023)

 Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (March 2022- March 2023)

Outlook

• We anticipate construction activities to maintain modest growth in the short to medium term

Executive summary

• The City of Windhoek approved a total of 177 building plans valued at N$ 73,208,438 in February 2023. See figure 1
• Out of 177 building plans approved, 127 were additions plans, 37 were house plans, 10 were wall plans, and 3 were commercial plans
• The number of building plans approved increased by 105% when compared to building plans approved in January 2023. See Figure 2
• During the month under review, a total number of 53 buildings were completed for Windhoek at the value of N$ 41,423,636
• Total buildings completed decreased by 20% when compared to the buildings completed in January 2023

Analysis

• On an annual basis, the number of building plans approved for Windhoek declined by 24%. This could be attributed to subdued construction activities influenced by high-interest rates and inflation
• For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 31 plans (24 addition plans, 6 house plans, 1 commercial plan) valued at N$ 23,098,300
• Klein Windhoek had the second-highest number of building plans approved with a total of 21 plans valued at N$ 13,609,752

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (February 2022- February 2023)

Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (February 2022- February 2023)

Outlook

• The construction sector picked up momentum for the month of February 2023 compared to December 2022 and January 2023. The construction activity for the country looks moderately promising going forward into 2023 as it pins hope on green hydrogen projects
• We anticipate modest growth in construction activities in the short to medium term